Michael's Feed
Oct 22, 2012

BBC crisis deepens as UK’s Cameron demands answers

LONDON, Oct 22 (Reuters) – Pressure on the BBC to address
allegations its bosses covered up sexual abuse claims levelled
at one of its former TV stars mounted on Monday after British
Prime Minister David Cameron said the broadcaster had serious
questions to answer.

The premier’s intervention came as the editor of the
internationally renowned media organisation’s flagship
“Newsnight” show stepped aside after admitting he had given an
“inaccurate” account of why the BBC had axed its own expose of
the alleged abuse of underage girls by the late Jimmy Savile.

Oct 19, 2012

UK minister Mitchell quits over “pleb” police outburst

LONDON, Oct 19 (Reuters) – British minister Andrew Mitchell
resigned on Friday after failing to shake off accusations he
called police “plebs”, an insult laden with snobbery that
fuelled perceptions Prime Minister David Cameron’s government is
out of touch with voters.

Mitchell, the “Chief Whip” responsible for keeping
discipline among lawmakers in Cameron’s Conservative Party,
denied using the offending word but admitted swearing at
officers after being told to get off his bicycle as he left
Downing Street last month.

Oct 19, 2012

Thousands expected at anti-austerity protest in London

LONDON (Reuters) – Tens of thousands are expected to march through London on Saturday in what is likely to be the largest demonstration in Britain this year against government austerity measures.

Prime Minister David Cameron’s push to reduce one of Europe’s biggest deficits has drawn howls of protest, with critics arguing that austerity is not working and calling for urgent measures to stimulate growth.

Oct 18, 2012

Britain turns to “X-Box” generation code-breakers

LONDON (Reuters) – At the secluded country house where the country’s top computer scientists cracked the “unbreakable” Nazi Enigma code, a key factor in victory in World War Two, Britain has begun a hunt to find new cyber spies from the “X-Box” generation.

Foreign Secretary William Hague said the government was looking for up to 100 apprentices for Britain’s intelligence agencies to emulate the men and women who worked at Bletchley Park, the former code-breaking center just north of London and once the most secret place in Britain.

Oct 16, 2012

UBS tells court checks flawed at time of alleged rogue trades

LONDON (Reuters) – There were flaws in control systems at UBS at the time accused fraudster Kweku Adoboli racked up losses of $2.3 billion (1.4 billion pounds) through unauthorised trades, the head of global risk at the Swiss bank told a London court on Tuesday.

Colin Bell, global head of operational risk control at UBS, said the overall system of checks was sound but some parts of it had not operated as they should have done, partly due to human error.

Oct 16, 2012

UBS checks flawed at time of alleged rogue trades, UK court told

LONDON, Oct 16 (Reuters) – There were flaws in control
systems at UBS at the time accused fraudster Kweku
Adoboli racked up losses of $2.3 billion through unauthorised
trades, the head of global risk at the Swiss bank told a London
court on Tuesday.

Colin Bell, global head of operational risk control at UBS,
said the overall system of checks was sound but some parts of it
had not operated as they should have done, partly due to human
error.

Oct 12, 2012

UK launches biggest probe into police over Hillsborough

LONDON (Reuters) – The largest independent probe into British police was launched on Friday to examine potential criminal actions by officers involved in the 1989 Hillsborough soccer disaster in which 96 spectators died after a crowd crush in the stadium.

Serving and former officers, including those in senior positions, could face charges or misconduct proceedings for failings and cover-ups over Britain’s worst sporting disaster, the Independent Police Complaints Commission (IPCC) said.

Oct 12, 2012

Britain launches biggest probe into police over Hillsborough

LONDON (Reuters) – The largest independent probe into British police was launched on Friday to examine potential criminal actions by officers involved in the 1989 Hillsborough football disaster in which 96 spectators died after a crowd crush in the stadium.

Serving and former officers, including those in senior positions, could face charges or misconduct proceedings for failings and cover-ups over Britain’s worst sporting disaster, the Independent Police Complaints Commission (IPCC) said.

Oct 12, 2012

Soccer-UK launches biggest probe into police over Hillsborough

LONDON, Oct 12 (Reuters) – The largest independent probe into British police was launched on Friday to examine potential criminal actions by officers involved in the 1989 Hillsborough soccer disaster in which 96 spectators died after a crowd crush in the stadium.

Serving and former officers, including those in senior positions, could face charges or misconduct proceedings for failings and cover-ups over Britain’s worst sporting disaster, the Independent Police Complaints Commission (IPCC) said.

Oct 10, 2012

UBS internal probe focused only on accused trader

LONDON, Oct 10 (Reuters) – The head of an internal UBS
probe into “rogue trader” Kweku Adoboli, accused of
losing the Swiss bank $2.3 billion, did not consider whether
others at the bank might have been involved, a London court
heard on Wednesday.

However, Ruwan Weerasekera, chief operating officer of UBS’s
investment arm, said two other independent inquiries had looked
into all aspects of the bank’s involvement and had found no
complicity among the bank’s managers.