UK crime agency arrests Pakistani couple to probe money laundering allegations

LONDON/ISLAMABAD: British authorities have arrested a former Pakistani “politically exposed person” and his wife who were allegedly involved in money laundering in the UK, believed to to be the result of corruption in Pakistan. The arrest by the National Crime Agency (NCA) officials on Monday came as Pakistan and the UK signed a justice and accountability agreement, nearly a month after Prime Minister Imran Khan, who has vowed to bring back money stolen by corrupt Pakistani politicians and taken to Britain, assumed power. Officers from the NCA’s International Corruption Unit…

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EU leaders to tackle Brexit, migration failures at summit

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The summit also focuses on the plight of people crossing the Mediterranean Sea after Italy’s anti-migrant government recently denied entry to a number of rescue ships, endangering lives and embarrassing its EU partners. With just six months to go before Britain leaves, EU Council President Donald Tusk warned Tuesday that “unfortunately, a no deal scenario is still quite possible.”

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UK judge: Spy evidence on dead Russian should stay secret

LONDON: A British judge says material about possible links between a Russian businessman who died in mysterious circumstances and UK intelligence services will remain secret for security reasons. Nicholas Hilliard is leading an inquest into the death of Alexander Perepilichnyy, who collapsed and died while jogging near his home south of London in November 2012. Police initially said the 44-year-old died of natural causes, but the inquest is considering whether he might have been murdered. Lawyers for Perepilichnyy’s insurer asked to see any evidence about possible links between the Russian…

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Mumbai man’s house targeted by arsonists in act of hate crime in UK

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LONDON: A Mumbaikar who moved to the UK 19 years ago is considering moving out of his neighbourhood after a group of young people deliberately set fire to his house while he and his family were asleep. Mayur Karlekar, 43, known as Mac, a digital consultant, moved to Britain in 1999 from Dombivli in Thane on a work permit with Tech Mahindra to work for BT — where he met his wife — and now has dual residency. Just after Saturday midnight a group of four youngsters set multiple fires…

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UK police reassure public in Salisbury as 2 diners fall ill

LONDON: British police say there is no evidence that the nerve agent Novichok was involved in case of two people who became ill in a Salisbury restaurant, but the premises remain closed off. Wiltshire Police said Monday that the two people who fell ill at an Italian restaurant had been clinically assessed and there was no evidence of Novichok. Authorities responded with extreme caution after two diners became ill, in light of the March poisoning of ex-Russian spy Sergei Skripal and his daughter and the subsequent poisoning of two others…

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UK faces “significantly worse” outlook if no Brexit deal: IMF

UK faces "significantly worse" outlook if no Brexit deal: IMF thumbnail

LONDON: Britain’s economy would face a “significantly worse” outlook if the country leaves the European Union next year without a deal than if it reaches a Brexit agreement, the International Monetary Fund said on Monday. The IMF said it expected Britain’s economy would grow by about 1.5 per cent a year in 2018 and 2019 if a broad Brexit agreement was struck. In July, the IMF said the economy would grow by 1.4 percent this year and 1.5 per cent in 2019. But a more disruptive Brexit would lead to…

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UK economy will shrink without Brexit deal: IMF

UK economy will shrink without Brexit deal: IMF thumbnail

LONDON: Britain’s economy will shrink if the country leaves the European Union next year without a Brexit deal and any deal will leave the country financially worse off than staying in, the International Monetary Fund said on Monday. The IMF said it expected Britain’s economy would grow by about 1.5 percent a year in 2018 and 2019 if a broad Brexit agreement was struck, compared with about 1.75 percent if it had stayed in. Failure to get a deal would leave to a contraction, IMF managing director Christine Lagarde said.…

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World is sleepwalking towards another financial crisis, former UK PM Brown warns

World is sleepwalking towards another financial crisis, former UK PM Brown warns thumbnail

LONDON: Former British prime minister Gordon Brown warned that the world is on the verge of sleepwalking into another financial crisis because governments have failed to tackle the causes of the last major financial crash a decade ago. Britain’s leader when the collapse of the US investment bank Lehman Brothers triggered the worst financial crisis since the Great Depression said the world is leaderless and was now entering a period of vulnerability. “We are in danger of sleepwalking into a future crisis,” Brown told The Guardian. “There is going to…

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