Ukrainian Tycoons Lose UK Suit Over Privatbank Fraud
The bank sued the ex-billionaires Igor Kolomoisky and Gennady Bogolyubov in 2017 alleging the former owners funneled $1.9 billion through 'sham' loans and trade documents to secretly owned companies in England and British Virgin Islands between 2013 and 2014. Both denied the allegations.
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Yahoo
an hour ago
- Yahoo
Labour split as Sadiq Khan threatens to take government to court over Heathrow expansion
Sir Sadiq Khan has threatened legal action against the government over its controversial plans to allow a third runway at Heathrow. The London mayor doubled down on his opposition to the plans, warning that it will have a 'severe impact' in terms of noise and air pollution and leave Britain's climate targets in jeopardy. Sir Sadiq said he will 'carefully scrutinise' Heathrow's expansion plans and the impact they will have on Londoners. And, raising the prospect he could sue Sir Keir Starmer's government, the London mayor said: 'I'll be keeping all options on the table in how we respond.' He added: 'I remain opposed to a new runway at Heathrow airport because of the severe impact it will have in terms of noise, air pollution and meeting our climate change targets. I remain unconvinced that you can have a new runway at Heathrow, delivering hundreds of thousands of additional flights every year, without a hugely detrimental impact on our environment.' His comments came as Heathrow said it could build a third runway for £21 billion within a decade. It attributed the increase from its estimate of £14 billion in 2018 to "construction inflation". The total plan, including terminals and supporting infrastructure, would be expected to cost £49 billion. Heathrow believes it is possible to meet the Government's ambition of securing planning consent by 2029 and the new runway being operational within a decade. But Sir Sadiq warned of a 'huge knock-on effect' on London's transport infrastructure if a third runway goes ahead, warning that plans would need to be implemented to manage the impact. Rachel Reeves has already said a challenge to the expansion plans, part of her and Sir Keir's push to get the economy growing, would fail. The defiant chancellor said she has 'huge respect' for Sir Sadiq, who is one of the most influential figures in the Labour Party, but she said she disagrees with the London mayor and is confident the third runway will go ahead. Sir Sadiq's fresh opposition to the runway plans came as transport secretary Heidi Alexander welcomed Heathrow's proposals for its development. Ms Alexander said: 'I am pleased to have received the initial Heathrow expansion proposals – a significant step towards unlocking growth, creating jobs, and delivering vital national infrastructure.' She said the government will consider the proposals over the summer before a final decision on whether to give it the go-ahead. After months of flatlining growth since Labour came to power, Ms Reeves in January unveiled the plans for a third runway at Heathrow to boost the economy. She said pro-growth measures must trump other priorities such as the green agenda. But the plans have also sparked opposition from Andy Burnham, another senior Labour mayor. The Greater Manchester mayor has warned the third runway will concentrate economic growth in London. Energy secretary Ed Miliband has long opposed a third runway, while Sir Keir himself has previously voted against the airport's expansion. Britain's second-busiest airport, London Gatwick, has also been given a conditional go-ahead for its expansion plans as part of the government's push for growth. It intends to increase traffic on what is already Europe's busiest single runway, and reconfigure the standby runway for routine use by departing aircraft.
Yahoo
an hour ago
- Yahoo
Full list of the DWP benefits and pensions changes due this month
Universal Credit, State Pensions, Child Benefit, PIP and other benefits may be affected by changes due to the August bank holidays later month. August 25, 2025, is a bank holiday where payments from the Department for Work and Pensions (DWP) won't be made. If you are due to receive a DWP benefit payment on either day, you may find you receive it early. If your payment is due on a different day, it will arrive in your account as normal and the amount you are due to be paid will remain the same. When a payment date falls on a weekend or a bank holiday, then the Department for Work and Pensions says the claimant is generally paid on the working day before, but this can vary. Most payments due on Monday, August 25, 2025, will instead be made early, with most arriving on Friday, August 22. These are the benefits that may be affected by the bank holiday weekend: Attendance Allowance Carer's Allowance Child Benefit Disability Living Allowance Employment and Support Allowance Income Support Jobseeker's Allowance Pension Credit Personal Independence Payment (PIP) State pension Tax Credits Universal Credit While you may be paid earlier in some cases, the money will also have to last you longer, as payment dates will return to normal afterwards. Recommended reading: DWP urgent changes after £60 taken from claimants' benefits 31 restaurants, cafes and pubs where kids eat free or for £1 this summer DWP state pensions underpaid by £800 million - check your payments The DWP confirmed the early payment policy on its official website, stating: 'If your payment date is on a weekend or a bank holiday, you'll usually be paid on the working day before.' While the amount being paid out will stay the same, experts are warning that the earlier date could throw off people's budgeting, especially as the cost-of-living crisis continues to bite. The two remaining bank holidays for 2025 fall on Christmas Day and Boxing Day.
Bloomberg
2 hours ago
- Bloomberg
London Heathrow Proposes £49 Billion for Runway Expansion Plans
London Heathrow Airport has submitted a proposal to the UK government for a £49 billion ($65 billion) expansion that includes construction of the controversial third runway, as the biggest European hub seeks to maintain its competitive edge. The plan involves a £21 billion, 3,500-meter (11,500 feet) runway, as well as building a new terminal, upgrading current facilities, and rerouting the M25, a major highway that circles London. The expansion project would allow 276,000 more flights a year and increase annual passengers from 82 million today to 150 million, Heathrow said on Thursday.
