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UK arrest over US ‘flash crash’

Posted by Warren Fyfe on April 22, 2015 in Warren Fyfe Site

US stock markets plunged in minutes, before rebounding just as quickly A financial trader has been arrested in the UK after US authorities accused him of contributing to the 2010 Wall Street “flash crash”. The US Department of Justice wants to extradite Navinder Singh Sarao, 36, on charges of wire fraud, commodities fraud and market [...]

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Clegg in public servants’ pay pledge

Posted by Warren Fyfe on April 22, 2015 in Warren Fyfe Site

Public sector workers went on strike last year Millions of public sector workers would be spared pay cuts under Liberal Democrat plans. Leader Nick Clegg said wages would rise in real terms for two years from 2016, and then above inflation once the deficit has been dealt with. He said public servants had “made enough [...]

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Med migrant boat ‘hit rescue ship’

Posted by Warren Fyfe on April 22, 2015 in Warren Fyfe Site

Mohammed Ali Malek was arrested when the Italian coastguard vessel docked in Sicily Details have emerged about the capsize of a migrant boat in the Mediterranean on Sunday that killed more than 800. Prosecutors in Italy say the captain, who survived and faces multiple homicide charges, crashed the boat by mistake against a merchant rescue [...]

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