Jul 13th 2019

Politics this week

Politics this week

Britain’s ambassador to America, Sir Kim Darroch, resigned after President Donald Trump said he would “no longer deal with him”. The spat came after Sir Kim’s confidential cables to London were leaked to a newspaper. They described the White House as “dysfunctional”, “clumsy” and “inept”, and its occupant as “radiat[ing] insecurity”. The British government backed its …

Business this week

Business this week

Deutsche Bank revealed details of a long-awaited €7.4bn ($8.3bn) restructuring plan. Its investment-banking division will bear the brunt. The troubled lender will close its global equity-trading unit and cut 18,000 people from its 91,500 workforce. It will also create a “bad bank” to house unwanted assets. Christian Sewing, Deutsche Bank’s chief executive, hopes the move will …

Acosted Was Jeffrey · Epstein’s plea deal fishy?

Acosted Was Jeffrey · Epstein’s plea deal fishy?

It was soft enough to jeopardise the job of a current Trump cabinet member THE INDICTMENT of Jeffrey Epstein on charges of sex-trafficking described a pyramid scheme for the sexual abuse of minors. Mr Epstein would pay hundreds of dollars apiece for sexual encounters with adolescent girls at his mansion in Manhattan’s Upper East Side and …