UBS trader denies gambling £1.5 billion in Britain's biggest banking fraud

 Mr Adoboli, 31, east London, will go on trial accused of losing the cash while working for Swiss banking giant UBS. He spoke only to enter not guilty pleas to two counts of fraud and two counts of false accounting as he appeared in the dock at Southwark Crown Court. Adoboli, wearing a tailored grey suit and dark blue tie, sat forward in his seat and took notes as pre-trial arrangements were...

Britain's banks slashed $50 billion (£31.8 billion) from their exposure to France, Italy and Spain during the summer as financial institutions ran scared

 Britain's banks slashed $50 billion (£31.8 billion) from their exposure to France, Italy and Spain during the summer as financial institutions ran scared from Europe's debt crisis, according to the Bank for International Settlements. The latest figures from the Basel-based BIS, "the central banker's bank", revealed that UK banks' total exposure to the three European strugglers had fallen to...

Spain seen heading for recession as economy shrinks

 Spain's economy looks set to slip into recession after contracting for the first time in two years in the last quarter of 2011, highlighting the challenge for EU leaders as they meet to find ways to boost growth while cutting budgets. The leaders are meeting in Brussels on Monday with the goal of helping Europe's economy but they have to balance austerity with the need to help countries struggling...

Wrecked Italian liner will not be moved for months

 The wreck of the cruise ship Costa Concordia could remain where it lies near the Italian island of Giglio until the end of the year or longer before it can be broken up or salvaged, the official in charge of the recovery operation said on Sunday. Divers searching for bodies in the hulk, which lies half submerged a few metres from the shore, suspended work on Sunday after heavy seas and strong...

In Spain, taxmen snoop about homes rented to sun-seeking vacationers — then visit the owners who neglected to report the income

 In Greece, tax officials fly helicopters over residential areas to spot swimming pools of the alleged poor. In Italy, inspectors raid elite ski resorts to catch the down-and-out in their Ferraris. In Spain, taxmen snoop about homes rented to sun-seeking vacationers — then visit the owners who neglected to report the income. File photo by Virginia Mayo, AP The European Union, whose headquarters...

On the 31st May this year, nine men from Paddle4Heroes are going to paddle from Gibraltar to Marbella in Spain by kayak to raise funds for Help for Heroes and a new charity called Families of The Fallen.

PADDLE4HEROES, RAISING MONEY THROUGH KAYAKING - FOR HELP FOR HEROES AND FAMILIES OF THE FALLENOn the 31st May this year, nine men from Paddle4Heroes are going to paddle from Gibraltar to Marbella in Spain by kayak to raise funds for Help for Heroes and a new charity called Families of...

Market traders told to be quiet in Málaga

 There is upset in the fruit, vegetable and fish markets in Málaga, following a new Town Hall bylaw which prohibits stall holders singing out their prices. The Town Hall says it will be issuing 300 € fines. In fact there has been a regulation in force since 1985, although ignored since then, which prohibits ‘crying the nature or price of the merchandise, or calling purchasers to buy’. New...

Prostitute in French footballer sex scandal launches own underwear range

The prostitute at the centre of the French footballer sex scandal has transformed from call girl to cover girl with a new underwear range. Zahia Dehar made headlines last year when she alleged that top France stars Franck Ribery, Karim Benzema and Sidney Govou had paid thousands of pounds for sex with...

Protein Rich Diet Good For Losing Weight,

 A recent research has revealed that a diet rich in proteins can prove helpful in making a woman to lose weight. The research was conducted by the researchers of the Sydney University. It has further been pointed out by the researchers that a change in the diet plan can lead to improved lifestyle. For the research, a number of women were recruited. The participants of the research were divided...

rich Irish still live life with a bang!

 Not everybody is going broke in Ireland these days. While the bankruptcy courts continue to clog with casualties of the recession, like the Stokes brothers, there still remains a wealthy sector of society flying well above the financial carnage. Preferring to indulge in luxury jaunts outside the country rather than display any largesse at home, they head to places far beyond Irish shores for...

Spain takes legal action against Spanair

 Spain's government has launched legal action against the now-defunct airline Spanair for allegedly violating the country's aviation regulations by suddenly ceasing operations, a minister said Saturday. An estimated 22,000 passengers who had booked seats on more than 220 canceled flights have been left looking for alternative arrangements and instructions on how to seek reimbursements. Spanair,...

Pilot Strike Affects Scores Of Travelers

 Ten thousands travelers were left stranded at Spanish airports Friday due to a new strike by pilots of Iberia, the flag carrier of Spain. The strike, part of protest activities that started on Wednesday against the airline’s plan launch a branch for low-cost flights, forced rescheduling 93 out of 277 domestic and international flights, according to a statement by the company. The company affirmed...

Spain's 4th largest airliner goes broke

 Spain's fourth largest airliner, Spanair, has stopped operations after failing to seal a last minute deal aimed at rescuing the company from financial bankruptcy. Spanair ceased operations on Friday night after failing to negotiate a deal with Qatar Airways who sought to buy a stake in the airline, according to the Catalan regional government in Spain. Over 3,500 employees have lost their...

Thousands of passengers faced massive travel disruptions across Spain

 Thousands of passengers faced massive travel disruptions across Spain on Saturday after domestic carrier Spanair cancelled all of its flights Friday night and prepared to file for bankruptcy. The abrupt collapse of the Barcelona-based carrier took place shortly after Qatar Airways walked away from talks to take over the money-losing airline after months of negotiations. "Due to a lack of financial...

Recession causes 2,000 heart attack deaths

 Since 2002 the number of people dying from heart attacks in England has dropped by half, the study conducted by Oxford University found. But within that, regional data revealed there was a 'blip' in London that corresponded to the financial crash in 2008 and continued through 2009. Heart attack deaths have dropped due to better prevention of heart attacks in the first place with fewer people...

Bulgarian gangster Tihomir Georgiev has contract on his head

 Tihomir Georgiev — known as the Butcher Of Bulgaria for his reputation for slicing off fingers and ears of his enemies — is due to be extradited this week. He is suspected of two murders in Bulgaria and could face at least 18 years in jail if convicted. But crime bosses — furious he tried to cut a deal by giving evidence against his former paymasters before going on the run — are taking bets...

Britain, US and France send warships through Strait of Hormuz

 This deployment defied explicit Iranian threats to close the waterway. It coincided with an escalation in the West's confrontation with Iran over the country's nuclear ambitions. European Union foreign ministers are today expected to announce an embargo on Iranian oil exports, amounting to the most significant package of sanctions yet agreed. They are also likely to impose a partial freeze on...

Two arrested after headless burnt body is found in 'suspected gangland execution'

 Two men have been arrested after a man was beheaded and set on fire in a suspected gangland execution. Firefighters discovered the headless body on fire after being called to a wooded area off a car park in Wellington Street, Stockport, in the early hours of this morning. After extinguishing the blaze they found man's head nearby. Forensic officers remove the body in a covered body bag at...

The UK could become a hub for smuggling the herbal stimulant khat,

 European police and politicians have warned. The Netherlands is the latest country to outlaw the sale of the plant, which is now banned in sixteen EU member states and Norway. Khat is freely sold in the UK and observers say the UK's isolated stance could make it the main base for Europe's khat trade. The British government has commissioned a new review of khat use. Until announcing its ban...

3 years after US accident, boat washes up in Spain

 As he swam toward the coast of Nantucket, Mass. in August 2008, Scott Douglas, 58, watched his yellow fishing boat disappear, carried away by the swelling surf. He thought it would be the last time he'd ever see the Queen Bee. But yesterday, more than three years after Douglas and his brother-in-law were tossed off the boat by a wave, the U.S. Coast Guard called to say the vessel had washed...

Eating fried foods didn't hurt the hearts of Spaniards who follow a Mediterranean diet

Eating fried foods didn't hurt the hearts of Spaniards who follow a Mediterranean diet, but the findings are too good to be true for Canadians, experts say.A study in Wednesday's issue of the British Medical Journal suggests that frying foods in olive and sunflower oils is not associated with an increased...

Suspect held in Spain in killing of Connecticut jeweler

 A man wanted in connection with the killing and robbery of a Connecticut jeweler has been arrested in Spain, U.S. authorities said Tuesday. Andrew Robert Levene, also known as Robert Thomas, was arrested Monday, said U.S. Attorney David Fein and local and state law enforcement. The 41-year-old Levene was charged with federal murder, robbery and firearm offenses in the Dec. 8 shooting of Yekutiel...

Italian fugitive arrested in Almería

 An Italian fugitive has been arrested in Almería on a European arrest warrant for pending sentences amounting to almost 10 years behind bars. His crimes include drug trafficking, violent robbery, illegal possession of weapons and falsifying documents. It’s understood from EFE that his criminal record goes back for more than 20 years. The man, named as Maurizio R. aged 56, was arrested in Almería...

Vladimir Putin is moving to Marbella

 The Russian Prime Minister is currently buying a property in the luxury La Zagaleta urbanisation in Benhavís. Website Vanitatis reports Putin has been convinced of the charms of the area by the ex Mayor of Moscow, Yuri Luzhkov, who already lives in the urbanisation which he describes as ‘my place in the world’, where he has planted fruit trees and install three hives which give ‘a fantastic...

How Tony Blair tried to give Gibraltar to Spain to curry favour with the European Union

 Peter Hain says the then-Prime Minister was “contemptuous” toward the desire of Gibraltar residents to remain under the British flag and told how close Britain came to losing the rocky territory to the Spanish in 2002. Mr Hain tells in his memoirs, published on Monday, how he wanted to work to “do something about Gibraltar”, which has been a British overseas territory since 1713, as soon as...

Libya minister denies claims Kadhafi men attack town

 Deadly clashes erupted on Monday in Bani Walid, with a Libyan minister denying local officials' claims the attack on the former bastion of Moamer Kadhafi was carried out by his loyalists. An AFP correspondent who managed to enter Bani Walid for a short time said thick smoke billowed into the sky, while the identity of those present was unclear and there was limited evidence of the new Libyan...

"Dangerous" inmate charged with murder on the run after prison van ambush

 A dangerous prisoner charged with murder is on the run after three masked men ambushed a prison van. Advertisement >> John Anslow, 31, escaped following the attack on the prison van taking three inmates from Hewell prison in Redditch to Stafford Crown Court at about 8.20am. The van was stopped by three men wearing balaclavas who jumped out of a Volkswagen Scirocco. Two of the men were...

The King of Spain is a serial womaniser who once made a pass at Princess Diana while she was on holiday with Prince Charles, a book has claimed.

It also alleges that Juan Carlos is a ‘professional seducer’ who has had numerous affairs and has not shared a bed with his wife for the past 35 years.And it reveals that age has not stopped  the 74-year-old, with the monarch regularly receiving vitamin injections and anti-ageing treatments. Tactile:...

Fake Ryanair pilots sentenced for smuggling cocaine into Spain

 One was a flight attendant for the airline and obtained the pilots' uniforms which helped them to bypass airport securityEFE archive A gang which used fake pilots to bypass airport security and smuggle regular shipments of cocaine into the country has been sentenced by the Alicante provincial court, after 13 kilos of cocaine were discovered at their drugs store in Benidorm. The street value...