News

Shares fell as much as 14% in early trading after company warned on 2014 profit outlook

Barclays Bank Chairman Bob Diamond

Bankers in interest-rate scandal may face fraud charges, says SFO

The bankers at the heart of the Barclays interest rate-rigging scandal could be prosecuted for fraud, an offence that usually carries a prison sentence, it was disclosed yesterday.

James Moore: City suits laugh at the law while hoodies get their collars felt

Outlook: The regulators simply aren't feared. They are looked upon as 'stupid'

Leading article: An inquiry into Libor alone will not suffice

Last week's revelation that Barclays and probably other banks had attempted to rig the Libor inter-bank lending rate brought two immediate consequences. The first was the rekindling of public anger against the banks, just as it had started to subside. The second was the loud scurrying of ministers, regulators and bankers all desperate to limit the damage.

Cable urges shareholders to get 'stronger grip' on banks

Business Secretary Vince Cable has urged shareholders in British banks to “get a stronger grip” on the boards and executives responsible for “systemic abuse”.

Budget cuts killed off Libor inquiry

Britain's premier anti-corruption agency refused to carry out a criminal investigation into alleged manipulation of the benchmark Libor bank lending rate because it did not have enough money to fund it.

Silvio Berlusconi paves way for return to Italian politics

Former PM declared this week that he would like to be Italy's Finance Minister

HMRC workers strike over job cuts

Tax offices were closed today and calls to telephone inquiry lines were met with a recorded announcement because of a strike by tens of thousands of Revenue and Customs (HMRC) workers.

Mark Serwotka, general secretary of the PCS, claims that £120billion was lost last year in tax avoidance but HMRC didn't have enough resources to tackle the problem

Tax office workers to strike tomorrow in 'massive cuts' protest

Over 50,000 Revenue and Customs workers will go on strike tomorrow in protest at "massive cuts" they claim undermined efforts to clamp down on tax avoidance schemes.

Vincent Tchenguiz inquiry dropped

Property magnate Vincent Tchenguiz today said it was a "huge relief" that he is no longer being treated as a suspect in a fraud investigation into a failed Icelandic bank.

Controversial 'snoopers charter' to cost £2.5bn

Taxpayers will face a bill of up to £2.5bn for the so-called “snoopers charter” giving police, the security services and tax officials the power to track emails, website visits and mobile phone calls.

Drugmaker Mercury on the trail of £350m buyer

Private-equity groups Montagu and Bridgepoint are expected to be sounded out as potential buyers for a £350m drugmaking company within days.

Lev Leviev and Arkady Gaydamak

Russian diamond moguls go to war over $1bn dispute

Court to unravel case of the billionaires' Angolan mining deal that's anything but clear-cut

Robert and Vincent Tchenguiz launch bid to clear their names

Government fraud investigators came under attack today as two property magnates arrested during an inquiry into a failed Icelandic bank launched a High Court fight to clear their names.

Eduardo Saverin helped Zuckerberg launch Facebook and owns a 4 per cent stake worth $4bn

Billionaire Facebook founder Eduardo Saverin 'de-friends' United States to keep more of his fortune

As Obama plans taxes on super-rich, Eduardo Saverin applies to give up citizenship

The Queen's Speech: National crime agency unveiled to protect UK's borders

A US-style National Crime Agency to tackle serious and organised crime and protect the UK's borders will be enshrined in laws unveiled by the Queen today.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Isis profits from destruction of antiquities by selling relics to dealers - and then blowing up the buildings they come from to conceal the evidence of looting

How Isis profits from destruction of antiquities

Robert Fisk on the terrorist group's manipulation of the market to increase the price of artefacts
Labour leadership: Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea

'If we lose touch we’ll end up with two decades of the Tories'

In an exclusive interview, Andy Burnham urges Jeremy Corbyn voters to think again in last-minute plea
King Arthur: Legendary figure was real and lived most of his life in Strathclyde, academic claims

Academic claims King Arthur was real - and reveals where he lived

Dr Andrew Breeze says the legendary figure did exist – but was a general, not a king
10 best PS4 games

10 best PS4 games

Can’t wait for the new round of blockbusters due out this autumn? We played through last year’s offering
Migrant crisis: UN official Philippe Douste-Blazy reveals the harrowing sights he encountered among refugees arriving on Lampedusa

‘Can we really just turn away?’

Dead bodies, men drowning, women miscarrying – a senior UN figure on the horrors he has witnessed among migrants arriving on Lampedusa, and urges politicians not to underestimate our caring nature
Nine of Syria and Iraq's 10 world heritage sites are in danger as Isis ravages centuries of history

Nine of Syria and Iraq's 10 world heritage sites are in danger...

... and not just because of Isis vandalism
Girl on a Plane: An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack

Girl on a Plane

An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack
Why Frederick Forsyth's spying days could spell disaster for today's journalists

Why Frederick Forsyth's spying days could spell disaster for today's journalists

The author of 'The Day of the Jackal' has revealed he spied for MI6 while a foreign correspondent
Markus Persson: If being that rich is so bad, why not just give it all away?

That's a bit rich

The billionaire inventor of computer game Minecraft says he is bored, lonely and isolated by his vast wealth. If it’s that bad, says Simon Kelner, why not just give it all away?
Euro 2016: Chris Coleman on course to end half a century of hurt for Wales

Coleman on course to end half a century of hurt for Wales

Wales last qualified for major tournament in 1958 but after several near misses the current crop can book place at Euro 2016 and end all the indifference
Rugby World Cup 2015: The tournament's forgotten XV

Forgotten XV of the rugby World Cup

Now the squads are out, Chris Hewett picks a side of stars who missed the cut
A groundbreaking study of 'Britain's Atlantis' long buried at the bottom of the North Sea could revolutionise how we see our prehistoric past

Britain's Atlantis

Scientific study beneath North Sea could revolutionise how we see the past
The Queen has 'done and said nothing that anybody will remember,' says Starkey

The Queen has 'done and said nothing that anybody will remember'

David Starkey's assessment
Oliver Sacks said his life has been 'an enormous privilege and adventure'

'An enormous privilege and adventure'

Oliver Sacks writing about his life
'Gibraltar is British, and it is going to stay British forever'

'Gibraltar is British, and it is going to stay British forever'

The Rock's Chief Minister hits back at Spanish government's 'lies'