Author: News Desk

US throws out charges against interest rate ‘rigger’ The US has thrown out criminal charges against former UBS trader Tom Hayes – the first trader to be jailed for “rigging” interest rates. Hayes was the first of 38 people to be prosecuted. He was charged in both the US and UK, tried in London in 2015 and sentenced to 14 years. It was reduced on appeal to 11 and he severed a total of five and a half years. But earlier this year, US courts ruled the prosecutions were misconceived. It brings an end to a decade-long ordeal facing criminal…

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Billionaire Branson declines Singapore death penalty TV debate British billionaire Sir Richard Branson has turned down an invitation from Singapore’s government to take part in a live TV debate about the country’s death penalty and drugs approach.  He was invited to take part in a discussion having previously said he was opposed to Singapore’s death penalty for crimes such as drug trafficking. In an open letter, Sir Richard said TV debates are “always at risk of prioritising personalities over issues – cannot do the complexity of the death penalty any service”. He also called for the Singapore government to engage…

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