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Business & Commerce
News from around the world
- Barclays bank rejects customers to comply with US terror law - Barclays is using controversial American anti-terrorism laws to shut down the personal bank accounts of British citizens who are working for Iranian-owned businesses, The Times has learnt. The bank has unilaterally enforced anti-Iran sanctions drawn up by the Bush Administration under the US Patriot Act against companies that operate completely legally in Britain. Those affected by the account closures are not directors of the companies but ordinary staff members, including clerical officers, computer engineers and bank tellers.
Source: The Times [6th Jun 2008]
- British Companies Making a Fortune out of Iraq Conflict - British businesses have profited by at least £1.1bn since coalition forces toppled Saddam Hussein three years ago, the first comprehensive investigation into UK corporate investment in Iraq has found.
Source: Corp Watch [31st Oct 2007]
- Pentagon Paid $998,798 to Ship Two 19-Cent Washers - A small South Carolina parts supplier collected about $20.5 million over six years from the Pentagon for fraudulent shipping costs, including $998,798 for sending two 19-cent washers to an Army base in Texas, U.S. officials said.
Source: Bloomberg [14th Sep 2007]
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