A major financial services company has trimmed its outlook on Britain’s top-rated credit standing, cutting it from stable to negative. Standard & Poor’s on Thursday became the third of the three major credit rating services to change its view of Britain’s ability to repay its debt, but none has actually cut the country’s rating. Earlier […]
Britain’s Credit Outlook Deemed ‘Negative’
Posted December 13th, 2012 at 2:00 pm (UTC-5)
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British Bank Pays $340 Million to Settle Iran Claim
Posted August 14th, 2012 at 3:10 pm (UTC-5)
The British bank Standard Chartered agreed Tuesday to pay $340 million to a U.S. financial regulator to settle allegations that it illegally hid $250 billion in transactions with Iranian interests over the last decade. ZStandard Chertered denied the allegations last week when New York state officials accused Britain’s fifth largest bank of being a “rogue […]
British Bank Value Plunges After Iran Money Laundering Accusations
Posted August 7th, 2012 at 10:30 am (UTC-5)
The British bank Standard Chartered lost nearly a quarter of its value in trading Tuesday, a day after U.S. officials accused it of illegally laundering $250 billion in financial transactions with Iran during the past decade. The Britain’s fifth-biggest bank has operations spread throughout the world, but until now had been spared from a wave […]
South African Ernie Els Wins British Open
Posted July 22nd, 2012 at 3:00 pm (UTC-5)
South African Ernie Els has captured golf’s British Open championship in a stunning finish, after Australian Adam Scott faltered with bogeys on the last four holes. Els sank a nearly five-meter birdie putt on the finishing hole Sunday at England’s Royal Lytham St. Anne course. He then watched as Scott, who led throughout the final […]
British Hostage Freed in Somalia
Posted March 21st, 2012 at 5:25 pm (UTC-5)
A British woman kidnapped and held more than half a year in Somalia says she is “hugely relieved” to be free, but grieving her husband, who died at the hands of her kidnappers. Judith Tebbutt spoke to reporters in Nairobi, Kenya, Wednesday after her release earlier in the day. Tebbutt said in a statement that […]
British Hostage Freed in Somalia
Posted March 21st, 2012 at 10:40 am (UTC-5)
A British woman is free and has arrived in Kenya’s capital after being held captive in Somalia for more than half a year. Somali gunmen kidnapped 56-year-old Judith Tebbutt from a remote Kenyan beach resort last September. Witnesses say Tebbutt was released in the Somali town of Addado Wednesday and put on a plane to […]
British Woman Freed in Somalia
Posted March 21st, 2012 at 6:30 am (UTC-5)
Somali kidnappers have freed a British woman abducted from a Kenyan beach resort more than six months ago. Witnesses say Judith Tebbutt was released in Somalia’s Addado region Wednesday and put on a plane to Nairobi. British and Somali officials confirmed her release. British media reports say Tebbutt’s family paid a ransom to secure her […]
British Woman Freed in Somalia
Posted March 21st, 2012 at 5:15 am (UTC-5)
Somali officials say they have released a British woman who had been held hostage since her kidnapping last year from an exclusive island resort near the Kenya-Somalia border. Judith Tebbutt was to be flown to Nairobi, Wednesday, after her release. She was kidnapped — and her husband, David, was killed — in September 2011, just […]
British Prime Minister Apologizes for Tourette’s Comments
Posted January 8th, 2012 at 12:55 am (UTC-5)
Britain’s prime minister has issued an apology after comparing heckling from a senior lawmaker to “having someone with Tourette’s sitting opposite you.” David Cameron made the comment about Ed Balls, the opposition’s shadow chancellor, in an interview in a British newspaper – The Sunday Telegraph. Balls’ gestures and comments have become a fixture of the […]
Britain’s Prince Philip Treated for Blocked Coronary Artery
Posted December 23rd, 2011 at 8:40 pm (UTC-5)
(Updates with new info in graphs 1-2)) The husband of Britain’s Queen Elizabeth, Prince Philip, has undergone surgery to treat a blocked artery in his heart that Buckingham Palace said had caused him chest pains. A palace spokeswoman said the prince had undergone a “minimally invasive procedure” that inserted a coronary stent. She said he […]
