Tom Hayes, Libor ‘Ringleader,' Wins U.K. Appeal to Clear His Name
The U.K. Supreme Court on Wednesday quashed the landmark 2015 conviction, which saw Hayes spend more than five years in prison before he was released in 2021.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 minutes ago
- Yahoo
Driver disqualified after automatic speed camera caught him at 58mph on motorway
A motorist has been disqualified after they were clocked at 58mph by an automatic camera on a motorway. Kevin Yems was driving on the eastbound M4 near Earley when he was clocked at 58mph on September 2 last year. The driver was travelling between junctions 10 and 12 at the time. High Wycombe Magistrates' Court heard how there was a 50mph temporary speed restriction in place at the time. READ MORE: Actress Zoë Wanamaker banned from driving for speeding on M4 Yems, 60, of Fairlawn, Oldland Common, Gloucestershire pleaded guilty to a single count of exceeding a temporary speed restriction in contravention of a local traffic order. He was disqualified from driving for six months at a hearing on July 16. Yems was also given three points on his licence. He must pay a £153 fine, as well as £120 court costs and a £60 surcharge. The court made a collection order with the outstanding funds set to be paid at a monthly rate of £28 starting from August 13.
Newsweek
16 minutes ago
- Newsweek
Supreme Court 'Likely' to Deal Blow to Key Trump Policy: Ex-GOP Speaker
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Former House Speaker Paul Ryan said Wednesday that he believes the Supreme Court is "more than likely" to strike down the use of the International Emergency Economic Powers Act (IEEPA), the law President Donald Trump has leveraged to impose sweeping tariffs, if the case reaches the High Court. Newsweek filed a contact request form for comment with Solamere Capital, where Ryan is a partner. Why It Matters Trump has repeatedly announced, imposed, paused and reinstated a slew of tariffs at varying rates on U.S. trading partners to curb immigration, drug trafficking, and reduce trade deficits. Trump's tariffs have caused the market to both slump and spike. Economists have warned that the tariffs, which are effectively a tax imposed on imported goods, will inevitably lead to increased costs for Americans. Trump has defended his policies, saying the tariffs will cause "some little pain" upfront but in the long term will be "worth the price that must be paid." The tariffs are currently under review by the U.S. Court of Appeals for the Federal Circuit, which heard oral arguments at the end of July. At issue in the case is Trump's use of the 1977 IEEPA to impose tariffs without seeking congressional approval or conducting investigations first. The law gives presidents broad power to impose economic sanctions during national emergencies, but Trump is the first president to use it to impose tariffs. Then-House Speaker Paul Ryan and President Donald Trump at a meeting with Republican lawmakers at the White House on September 5, 2018. Then-House Speaker Paul Ryan and President Donald Trump at a meeting with Republican lawmakers at the White House on September 5, 2018. AP Photo/Evan Vucci What To Know Ryan, who served as House speaker from 2015 to early January 2019 and chaired the House Ways and Means Committee, told CNBC that he does not believe that tariffs are going to result in a settled, predictable market, noting that the "uncertainty" of tariffs is one of the biggest policy points right now. Since retiring from Congress, Ryan has been a vocal Trump critic. "It's more than likely that the Supreme Court knocks out IEEPA, the law that's being used for these tariffs, which doesn't have the word 'tariff' in it," he told CNBC. "Then, the president is going to have to go to other laws to justify tariffs—232, 201, 301. There's a bunch of laws, and those are harder laws to operate with." He called out the tariff policy as being based on Trump's "whims and opinions," and later noted that "tariffs are the wrong way to go. It makes you unproductive, it lowers living standards, it's bad for our short-term politics, bad long-term economics." In May, a three-judge panel of the U.S. Court of International Trade sided with the states and businesses that challenged Trump, ruling that Trump's April 2 "reciprocal" tariffs "exceed any authority granted to the President'' under IEEPA. In the case of the tariffs on Canada, China and Mexico, the trade court ruled that the tariffs did not meet IEEPA's requirement that they "deal with'' the problem they were supposed to address. The Trump administration appealed the court's ruling, and the Federal Circuit has allowed the tariffs to remain in place while it considers the appeal. The case comes as the latest jobs report showed that the U.S. labor market has slowed over the past few months, with unemployment inching upward and prior job gains revised to be weaker than expected. U.S. employers added 73,000 jobs in July, far fewer than expected, while unemployment moved to 4.2 percent from 4.1 percent. The Bureau of Labor Statistics wrote on Friday that "Revisions for May and June were larger than normal," adding that "With these revisions, employment in May and June combined is 258,000 lower than previously reported." Trump reacted to the disappointing news by firing Dr. Erika McEntarfer, the Commissioner of the Bureau of Labor Statistics, whom he accused of manipulating the reports for "political purposes." What People Are Saying Judge Timothy Dyk said last week about the IEEPA case: "It's just hard for me to see that Congress intended to give the president in IEEPA the wholesale authority to throw out the tariff schedule that Congress has adopted after years of careful work and revise every one of these tariff rates." President Donald Trump wrote on Truth Social on Thursday: "Tariffs are making America GREAT & RICH Again. They were successfully used against the USA for decades and, coupled with really dumb, pathetic, and crooked politicians, we're having a devastating impact on the future, and even the survival, of our country. Now the tide has completely turned, and America has successfully countered this onslaught of Tariffs used against it." What Happens Next It's unclear when the appeals court will issue a ruling, but the losing side is expected to appeal to the U.S. Supreme Court.
Yahoo
24 minutes ago
- Yahoo
Man arrested after police told someone was 'acting suspiciously' outside school
A man has been arrested after police were called to reports that someone had been 'acting suspiciously' outside a school. Greater Manchester Police responded to reports of suspicious behaviour by a man outside Edgar Wood Academy in Middleton. The school, which is located off Heywood Old Road, has been closed for the summer holidays for two weeks and reopens in September. Police were spotted by the school's gates which were cordoned off this afternoon (August 6) with a blue tent set up at the scene. READ MORE: Flight to Manchester diverts to Paris after issuing 'emergency' alert READ MORE: 'I never thought for one minute the fire service could do that to my house' After attending the scene, officers arrested a man on suspicion of possession of an offensive weapon. He remains in custody. Sign up to the MEN Court newsletter here A GMP spokesperson said: "Around midday today (Wednesday 6 August), we responded to reports of a male acting suspiciously outside a school on Heywood Old Road, Middleton. "Officers quickly responded and a man was arrested on suspicion of possession of an offensive weapon. He remains in custody for questioning. "No-one was injured. We'd like to reassure the community that there is not thought to be any wider threat connected to this incident." --- Day in day out, our reporters in the Manchester Evening News newsroom bring you remarkable stories from all aspects of Mancunian life. However, with the pace of life these days, the frenetic news agenda and social media algorithms, you might not be getting a chance to read it. That's why every week our Features and Perspectives editor Rob Williams brings you Unmissable, highlighting the best of what we do - bringing it to you directly from us. Make sure you don't miss out, and see what else we have to offer, by clicking here and signing up for MEN Daily News. And be sure to join our politics writer Jo Timan every Sunday for his essential commentary on what matters most to you in Greater Manchester each week in our newsletter Due North. You can also sign up for that here. You can also get all your favourite content from the Manchester Evening News on WhatsApp. Click here to see everything we offer, including everything from breaking news to Coronation Street. If you prefer reading our stories on your phone, consider downloading the Manchester Evening News app here, and our news desk will make sure every time an essential story breaks, you'll be the first to hear about it. And finally, if there is a story you think our journalists should be looking into, we want to hear from you. Email us on newsdesk@ or give us a ring on 0161 211 2920.
