The Serious Fraud Office (SFO) has launched a criminal investigation into allegations of price rigging in the £3tn-a-day foreign exchange market. The probe will look into allegations of "fraudulent conduct", the director of the SFO said in a statement. Around 15 authorities internationally are investigating allegations of collusion and price manipulation. It is alleged that traders used online chatrooms to plan the fixing of benchmark prices. The Financial Conduct Authority (FCA) said in October it had joined other regulators around the world in scrutinising firms over the potential manipulation of the foreign exchange market.
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Monday, July 21
Thursday, July 17
Passenger on Malaysia Flight Shared Eerie Facebook Post Prior to Taking Off
Cor Pan probably didn't realize the effect his post would have when he shared it. The Dutch citizen was aboard the Malaysia Airlines plane that was carrying 295 people and was shot down over Ukraine on Thursday. But prior to taking off, Pan took a snapshot of the plane and posted the picture on his Facebook page with the caption that translates to, "If it disappears, this is what it looks like," poking fun at the Malaysia plane that went mysteriously missing in March. The aircraft, which was shot down near the Russian border, was flying from Amsterdam to Kuala Lumpur when it fell near the city of Donetsk in a war-torn area which has become a stronghold for pro-Russian rebels. All the passengers onboard were killed.
Incredible Map Shows Airplanes Getting The Heck Out Of Ukranian Airspace
On a normal travel day, the airspace over Ukraine is some of the most congested in the world. It serves as a major cross roads for flights connecting major hubs in Europe with megacities in Asia. However, after Malaysia Airlines Flight MH17 was reportedly shot down earlier today, most of the world's major airlines have ordered their planes to avoid the area completely. The above map, which was tweeted by Newsweek, shows Ukranian airspace a few hours after MH17 lost contact with radar. Two of Europe's largest airlines, Lufthansa and British Airways, have both told Business Insider that they have ordered their planes away from the disputed region. To avoid the Russian-Ukraine conflict altogether, Lufthansa has specifically ordered their planes to take a southerly route over Romania.
Tuesday, July 15
Libya in shock after Tripoli airport attack
Libyans are stunned after two days of fighting between rival militias leaves the country's main international airport out of action. At least eight people have died in the clashes and 12 planes were damaged. The airport remains in the hands of the Zintan militia which has controlled it since Muammar Gaddafi was ousted. The government has been unable to disarm the numerous armed groups that took part in the 2011 uprising and which have divided the country.
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