Lord Richard Walker, Iceland’s chair, says Walker Smith is ‘welcome to a job with us’ as public fundraiser hits £7,500 Keir Starmer’s cost of living tsar, who is the chair of Iceland, has offered a job to a worker who was sacked from Waitrose after trying to stop a shoplifter. Waitrose faced public outcry over its treatment of Walker Smith , who was fired two days after he stopped the shoplifter t...
Lord Richard Walker, Iceland’s chair, says Walker Smith is ‘welcome to a job with us’ as public fundraiser hits £7,500 Keir Starmer’s cost of living tsar, who is the chair of Iceland, has offered a job to a worker who was sacked from Waitrose after trying to stop a shoplifter. Waitrose faced public outcry over its treatment of Walker Smith , who was fired two days after he stopped the shoplifter taking items from the Easter egg display, including Lindt chocolate bunnies. Continue reading...
China’s housing market showed a seasonal uptick in March, driven by stronger existing home sales, but analysts say the recovery remains uneven and that the sector is still in a bottoming phase. New home sales by floor space in 50 major cities more than doubled from February but were still down 27% from a year earlier, according to China Real Estate Information Corp.
China’s housing market showed a seasonal uptick in March, driven by stronger existing home sales, but analysts say the recovery remains uneven and that the sector is still in a bottoming phase. New home sales by floor space in 50 major cities more than doubled from February but were still down 27% from a year earlier, according to China Real Estate Information Corp.
The businessman who masterminded a huge nickel fraud against Trafigura Group was named by Mauritius as the ultimate beneficiary of toxic loans that led to the collapse of a local lender. Prateek Gupta and entities linked to him received a total of 7.9 billion rupees ($168 million) from Silver Bank in which his wife Ginni Gupta held a 75% share, Premier and Finance Minister Navinchandra Ramgoolam t...
The businessman who masterminded a huge nickel fraud against Trafigura Group was named by Mauritius as the ultimate beneficiary of toxic loans that led to the collapse of a local lender. Prateek Gupta and entities linked to him received a total of 7.9 billion rupees ($168 million) from Silver Bank in which his wife Ginni Gupta held a 75% share, Premier and Finance Minister Navinchandra Ramgoolam told lawmakers on Tuesday. Silver Bank was put into receivership in March, due to lack of takeover interest. The lender was previously placed under auditor control and revealed non-performing loans of 8.1 billion rupees out of a total loan portfolio of 8.3 billion rupees. “It is unthinkable that such a high level of toxicity of a loan portfolio could have been tolerated by Silver Bank and the Central Bank turned a blind eye to this momentous mismanagement,” Ramgoolam said. Ginni Gupta’s shareholding was in spite of Mauritian Banking Act rules that state no single shareholder should own more than 10%, except with the prior approval of the Bank of Mauritius, according to Ramgoolam. Prateek Gupta was in January found guilty by an English judge of perpetrating fraud on a “grand scale” against Trafigura that saw losses of almost $600 million after it was discovered containers of nickel it had bought from Gupta in fact contained low value substitutes. Gupta, who no longer has legal representation in the English civil case, couldn’t be reached for comment.