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Commonwealth Bank of Australia CEO apologies for financial planning scandal

Thursday, July 3, 2014 Ian Narev, the CEO of the Commonwealth Bank of Australia, this morning “unreservedly” apologised to clients who lost money in a scandal involving the bank’s financial planning services arm. Last week, a Senate enquiry found financial advisers from the Commonwealth Bank had made high-risk investments of clients’ money without the clients’ […]

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Blair ally Lord Levy arrested

Wednesday, July 12, 2006 Police have arrested Lord Levy, chief fundraiser to the Labour Party and close associate of Tony Blair. Lord Levy was arrested by the Specialist Crime Directorate of London’s Metropolitan police as part of an on-going investigation into the cash-for-peerages row which has troubled the Labour government since the start of the […]

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Inquiry finds proper maintenance might have prevented 2009 North Sea helicopter disaster

Sunday, March 16, 2014 A Fatal Accident Inquiry (FAI) ruled on Thursday a helicopter crash into the North Sea might have been prevented had proper maintenance procedures been followed. All sixteen on board died when the aircraft went down off the Scottish coast. After a hearing in Aberdeen, Sheriff Principal Derek Pyle found Bond Offshore […]

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Microsoft without Bill Gates at the helm

Friday, June 27, 2008 After 33 years of managing software giant Microsoft, founder Bill Gates will retire from day-to-day management today. Gates will retain the title of Chairman but without executive functions and will only report for work once a week. The man who took a gut feeling of seeing personal computers in every household, […]

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Prime Minister of Italy Silvio Berlusconi assaulted

Sunday, December 13, 2009 Italian Prime Minister Silvio Berlusconi is in San Raffaele Hospital overnight in Milan following an assault during an autograph session at the end of a rally. The 73 year-old media mogul received a punch in the face from an assailant who police named as 42 year-old Massimo Tartaglia, a local man […]