Michael's Feed
May 20, 2015

UK court dents accused ‘flash crash’ trader’s hopes of release

LONDON (Reuters) – The British trader fighting extradition to the United States after being accused of helping trigger the 2010 Wall Street “flash crash” faces months in custody after London’s High Court refused to remove a 5 million-pound surety bail condition.

Navinder Sarao, 36, was arrested by British police on a U.S extradition warrant a month ago after being charged with wire fraud, commodities fraud and market manipulation by the U.S. Justice Department.

May 19, 2015

UK police arrest pensioners over multi-million pound gem heist

LONDON (Reuters) – British police said they had arrested seven suspects, including three pensioners, on Tuesday over a multi-million pound raid in London’s jewelry business district last month, which local media say could have been the country’s biggest-ever heist.

In the audacious raid, thieves abseiled down a lift shaft at Hatton Garden Safety Deposit Ltd over the Easter weekend when businesses in the area were closed, and bored their way through a two-meter thick wall into a vault using a heavy duty drill.

May 18, 2015

British Navy investigates sailor’s disaster warning over nuclear subs

LONDON (Reuters) – Britain’s Royal Navy said on Monday it had launched an inquiry after a sailor who served on its submarines armed with nuclear weapons said the vessels had major security flaws and were a “disaster waiting to happen”.

In a lengthy dossier released on the internet, Able Seaman William McNeilly, who describes himself as a weapons engineer, said Britain’s Trident nuclear defense system was vulnerable both to enemies and to potentially devastating accidents because of safety failures.

May 15, 2015

UK rail workers to stage national strike this month – RMT union

LONDON, May 15 (Reuters) – Rail workers in Britain will
stage a national strike later this month in a dispute over pay,
the RMT union announced on Friday, teeing up a move that could
bring misery to millions of commuters.

The union said its 16,000 staff at Network Rail, which
maintains Britain’s railway infrastructure, including track and
signalling, would stage a 24-hour walk-out starting at 1600 GMT
on May 25, which is a public holiday, continuing into May 26,
which is a normal working day.

May 14, 2015

Police say over 700 Britons have traveled to Syria, half now home

LONDON (Reuters) – More than 700 Britons are thought to have traveled to Syria and over a half have since returned home where they now pose a significant terrorism threat, British police said on Thursday.

Mark Rowley, the lead officer on counter-terrorism, also said there had been a record 338 arrests for terrorism-related offences last year, up by a third from 2013, with almost a half related to the conflict in Syria.

May 13, 2015

UK Charles’ letters show concern for troops and toothfish

LONDON (Reuters) – Prince Charles wrote to ministers on issues ranging from resources for British troops in Iraq to the fate of the Patagonian Toothfish, according to his private letters published on Wednesday which the government had tried to keep secret for years.

The 27 letters from the 66-year-old heir to the throne were finally released after the government lost a decade-long legal battle to stop their publication on the grounds they might cast doubt over the future king’s political neutrality.

May 8, 2015

British election upset puts big beasts to the slaughter

LONDON (Reuters) – Victory by David Cameron’s Conservatives on Friday in one of the most unexpected upsets in British political history has been accompanied by an almost unprecedented electoral bloodbath of dozens of high-profile figures.

Within hours of Cameron securing a majority in defiance of all forecasts, the leaders of three of the other major parties all quit after voters decisively rejected their policies at the polls.

May 2, 2015

William and Kate eschew crowns for life with nappies

LONDON (Reuters) – They are one of the most famous couples on the planet, one day destined to be Britain’s king and queen.

But royal experts say what Prince William and wife Kate really want is as much normality as possible within the confines of being in the spotlight.

Apr 22, 2015

Accused British ‘flash crash’ trader fights extradition to U.S.

LONDON/CHICAGO, April 22 (Reuters) – A British man accused
of market manipulation that contributed to the May 2010 Wall
Street “flash crash” said he opposed being extradited to the
United States, while the operator of the market where he traded
denied that futures, as prosecutors have argued, caused the

Bail for Navinder Singh Sarao, 36, was set at 5 million
pounds ($7.5 million), along with other conditions. He will
remain jailed in London for at least one night.

Apr 22, 2015

Accused ‘flash crash’ trader granted bail, fights extradition to U.S.

By Michael Holden, Tom Polansek and Karl Plume

(Reuters) – A British trader accused by U.S. authorities of
market manipulation that contributed to the May 2010 Wall Street
“flash crash” was granted bail by a London court on Wednesday,
after saying he opposed extradition to the United States for a

Navinder Singh Sarao, 36, will remain jailed in London for
at least one night after bail was set at 5 million pounds ($7.5
million), along with other conditions.