Fraudster paid government to help promote fake bomb detectors

Fraudster paid government to help promote fake bomb detectors Documents reveal ability of UK firms to hire top diplomats and serving soldiers without checks on products’ authenticity.
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Breaking the taboo about drugs

In an open letter, former Latin American leaders call for legal regulation to help undermine organised crimeAfter more than four decades of a failed war on drugs, calls for a change in strategy are growing louder by the day. In Latin America, the debate is positively deafening. Statesmen from Colombia, Guatemala, Mexico and Uruguay are […]
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Shell presses ahead with world’s deepest offshore oil well

Company will drill almost two miles underwater in Gulf of Mexico as part of next generation of deep-water developmentsRoyal Dutch Shell is pressing ahead with the world’s deepest offshore oil and gas production facility by drilling almost two miles underwater in the politically sensitive Gulf of Mexico.The move is being viewed in the oil industry […]
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Body found from Black Elk oil rig explosion

Divers retrieve remains of one of two missing workers from Gulf of Mexico platform, while four burnt men fight for livesDivers have found the body of one of two oil workers who were missing after four others were badly burnt by an explosion on a platform in the Gulf of Mexico.The US coast guard said […]
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Black Elk Energy oil rig fire: two feared dead, two more missing

Gulf of Mexico operation was not in production at time of incident that also left 11 hospitalisedTwo people are missing, feared dead, after a fire broke out on an oil rig off the coast of Louisiana, the US coast guard said on Friday.Four other workers were seriously injured in the fire on the Black Elk […]
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BP dividend increase cheered by investors

BP’s ‘very patient’ shareholders and pension funds get 12.5% rise in dividend – still below payout before Deepwater HorizonBP has rewarded “very patient” shareholders and pension funds buffeted by the group’s travails in the wake of the Deepwater Horizon disaster with a double-digit increase in its dividend.A week after announcing the $27bn (£17bn) sale of […]
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Football fans boost UK tourism figures

About 4% of all foreign visitors last year went to a live sports event, including 900,000 who watched footballNearly one million overseas visitors to the UK watched a professional football match during their stay last year, according to new figures.Big promotions by the national tourist agency VisitBritain involving the English Premier League helped keep visitor […]
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Barclays’ reputation takes a battering after Libor scandal

YouGov poll reveals that bank’s standing has dropped lower than that of BP during the 2010 Gulf of Mexico blowoutThe reputation of Barclays bank took an enormous blow during the Libor rate-fixing scandal, a YouGov poll reveals, plunging its standing to below the depths endured by oil company BP during the 2010 Gulf of Mexico […]
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Shell criticised for limited testing of Alaska drilling containment equipment

Greenpeace says oil company used ‘stock-car race’ recklessless in testing capping stack to prevent Gulf of Mexico-style blowoutShell has been accused of “stock-car racing recklessness” after apparently undertaking only the most limited testing of a key piece of equipment aimed at preventing a Gulf of Mexico-style blowout during its controversial drilling in the Arctic.Documents obtained […]
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HSBC’s apology reads like admission of sleeping management

Despite scoring high on soundbites, the bank chiefs’ statements on money laundering mistakes lacked insight about slownessHSBC’s apology scored well on length and soundbites. Chairman Douglas Flint devoted most of his three-and-a-half-page statement to “the mistakes of the past” and what the bank has learned, especially in Mexico, where the money laundering controls were most […]
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