August 3, 2015

Top News Stories –

Ronaldo ‘gives football agent Mendes Greek island’ –
The multi-millionaire Real Madrid star Cristiano Ronaldo has given his agent Jorge Mendes a Greek island as a wedding present, media reports say. The island has not been named but the price tag could run into the millions, reports say. Spain’s Mundo Deportivo website says Ronaldo knows the Greek islands well from holidays. Mr Mendes married his partner Sandra in Portugal on Sunday. Sir Alex Ferguson was among the celebrities there. [BBC]
Jorge_Mendes Jorge Mendes

Trader jailed for 14 years over Libor rate-rigging –
Former City trader Tom Hayes has been found guilty at a London court of rigging global Libor interest rates. He was sentenced to 14 years in prison for conspiracy to defraud. The 35-year old is the first individual to face a jury trial for manipulating the rate, which is used as a benchmark for trillions of pounds of global borrowing and lending. Many of the world’s leading banks have paid heavy financial penalties for tampering with the key benchmark. The jury found Hayes guilty on all eight charges of conspiracy to defraud. Hayes, a former star trader originally from Fleet in Hampshire, rigged the Libor rates daily for nearly four years while working in Tokyo for UBS, then Citigroup, from 2006 until 2010. [BBC]

Video of the Day –

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Other News Stories –

Armed conflicts and attacks
Business and economy
Disasters and accidents
  • Flooding caused by heavy monsoon rains has caused over 100 deaths in India over the past week with tens of thousands of people taking shelter in refugee camps. (BBC)
  • Twenty people are injured when two cranes overturn whilst installing part of the Julianabrug at Alphen aan den Rijn, Netherlands. (NL Times)
  • At least twelve people are killed with many feared trapped in the rubble as a fifty year old building collapses in the Indian city of Thane after days of heavy rain. (NDTV), (AP)
Law and crime
Sports

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