Australia Seizes A$500m Worth of Heroin in Indian Ocean
An Australian warship has seized heroin with an estimated street value of more than A$520m (US$399m; £254m) in the Indian Ocean, a naval official said. The haul, weighing 581kg (1,280lbs), was found aboard a dhow that was intercepted by the HMAS Newcastle off the coast of east Africa. The Australian vessel is part of the […]
Banks fined for currency market rigging
Five of the world’s largest banks are to pay fines totalling $5.7bn (£3.6bn) for charges including manipulating the foreign exchange market. Four of the banks – JPMorgan, Barclays, Citigroup and RBS – have agreed to plead guilty to US criminal charges. The fifth, UBS, will plead guilty to rigging benchmark interest rates. Barclays was fined […]
Gay marriage is ‘economic sense’: Australian firms
In Australia, at least 18,000 gay couples are waiting for the law to change to allow them to get married, according to the University of Queensland. If, and when, their big day comes, it could be an expensive business covering the cost of hotels, caterers, photographers and florists, not to mention clothes, rings and a […]
McDonald’s in crisis: can it fight off the Five Guys threat?
New British CEO Steve Easterbrook set to unveil turnaround plan to bring back lost customers and profits as rivals muscle in on burger market Last weekend Steve Easterbrook, the new British chief executive of McDonald’s and lifelong fan of the less-than-glamorous Watford Football Club, celebrated as his team secured promotion back to the Premier League […]
Australian ex tennis player Bob Hewitt found guilty of raping & assaulting young girls in South Africa
Australian-born former tennis Grand Slam champion Bob Hewitt was found guilty Monday in South Africa of raping and assaulting young girls whom he was coaching in the early 1980s. Hewitt, 75, had pleaded not guilty to the two charges of rape and one of indecent assault, which were brought against him by three women in […]
