They fail to mention the details of that. Army chiefs freed prisoners in Basra suspected of killing British troops under a secret deal with Iraqi militants, it was claimed yesterday. The number held dropped from 86 to three while attacks fell 90 per cent since last summer, when Hilal al-Jedda says the deal was reached with cleric Moqtada al-Sadrs Mahdi Army. Another story clarifies a bit more of what went on. A phased release of Iraqi detainees held by the British army, including members of the Mahdi army militia, is expected to be stepped up next week as part of a reconciliation process that Britain hopes will pave the way for an orderly withdrawal from southern Iraq. One detainee, Hilal al-Jedda, has been separated from the rest after speaking to his British lawyer, Phil Shiner, about back-channel talks. Mr Shiner said yesterday that Mr Jedda was being punished for revealing details of the talks rather than being separated for his own safety. So it looks like Hilal al-Jedda may have been a Sadrist who got freed as part of the UKs dirty deals with them. He scored 50K out of the deal and now wants to go back to living the welfare life with his wives and children in the UK. Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is a New York writer focusing on radical Islam. He is completing a book on the international challenges America faces in the 21st century. Zagat Tragonach I would like to read more about the details of this case, but I dont see any outcome documents at the Courts site. As a helpful suggestion for a place to repatriate him and his brood, perhaps the British portion of Antarctica (if they still have it)? Or how about littoral waters of Great Britain? Im betting the judgement doesnt specify that he has to be returned to an area of national territory topped off with land, so an address a few kilometers of the Hebrides would do just fine.
UK court to hear evidence ahead of landmark Libor ruling
The Court of Appeal will on Tuesday begin a 3-day hearing examining two separate cases brought by clients against Barclays and Deutsche Bank. It is expected to hand down a landmark ruling later in the year, according to sources familiar with the cases. If the decision goes against the banks, it could open the door to many more cases being brought against the industry by companies citing Libor manipulation, opening banks up to compensation claims worth billions of pounds. The London interbank offered rate (Libor) is used to price over $300 trillion of financial contracts around the world. “To unwind all Libor-linked derivative contracts would be financial Armageddon,” said Abhishek Sachdev, managing director of Vedanta Hedging, which advises companies on interest rate hedging products. In previous legal rulings judges have stopped short of saying Libor is relevant to all claims against banks but said it could be used in cases where contracts have been linked specifically to the benchmark. Barclays is being sued for up to 70 million pounds ($112 million) by Guardian Care Homes, a UK residential care home operator, which alleges the bank mis-sold it interest rate hedging products that were based upon Libor. The case has been delayed until April 2014 so the appeal decision can be heard. It started out as a complaint about the alleged mis-selling of interest rate swaps but a judge ruled last October that it could be amended to include claims of fraudulent misrepresentation connected to Libor manipulation. Barclays said the case has no merit because Guardian Care Homes had sufficient understanding of the products to make its own judgment over whether to enter into the agreements. “The addition of a claim based on what happened with Libor does not change the bank’s view. This business had a suite of advisors and a lot of financial experience and skill in-house,” it said on Friday. Barclays last year paid a $450 million to settle allegations it manipulated Libor, and UBS and Royal Bank of Scotland have been fined for manipulating Libor. Deutsche is among several other banks under investigation.
UK breaks ground on $65 million expansion of business college (Video)
Markets closed China’s BCEG joins UK Manchester airport joint venture Reuters 1 hour 13 minutes ago 3.89 +0.0300 LONDON (Reuters) – China’s Beijing Construction Engineering Group (BCEG) (BJCEG.UL) has entered a joint venture to build a business district at Manchester airport, Britain’s third busiest, the latest in a series of Chinese investments in the UK. The deal, whose announcement on Sunday coincided with a visit to China by British Chancellor George Osborne, will result in BCEG teaming up with construction group Carillion (LSE:CLLN), the Greater Manchester Pension Fund and the airport to build the 800 million pound ($1.3 billion) Airport City scheme. BCEG, which worked on the 2008 Beijing Olympics’ press centre and gymnasium venue, is being backed by China’s biggest bank by assets, the Industrial and Commercial Bank of China (HKG:1398), a source familiar with the talks said. “We see our involvement in Airport City as an extension of the memorandum of understanding between China and the UK, where we have been looking to further explore joint infrastructure opportunities for some time,” said BCEG International’s managing director, Xing Yan. Manchester Airport has been hunting partners to help build the new 5 million square foot (500,000 sq m) business centre, intended to boost the airport’s role as a business travel hub. A spokesman for the airport said the partners would each invest but declined to specify how big a stake each would take. Argent Group, which is building the 67 acre (27 hectare) King’s Cross scheme in central London, has been appointed to manage the development of the scheme. The deal comes as Britain tries to woo Chinese investment as part of plans to increase bilateral trade to $100 billion by 2015. A Chinese billionaire announced plans last week to spend 500 million pounds to rebuild London’s Crystal Palace while a Chinese developer signed a deal in May to turn a derelic plot of land near London’s City Airport into the city’s third financial district. ($1 = 0.6268 British pounds)
China’s BCEG joins UK Manchester airport joint venture
The project is part of UKs overall capital improvement plan , which was approved earlier this year by the Kentucky General Assembly and signed by Kentucky Gov. Steve Beshear. No state tax dollars will be used in any of the UK construction projects, which also include a new science building and improvements to UKs football facilities and Commonwealth Stadium. The Gatton College expansion and renovation calls for an increase in space for educational programs, as well as technology enhancements to classrooms and laboratories. Beshear joined UK president Eli Capilouto and Gatton College Dean David Blackwell at todays groundbreaking, according to a news release. The project is slated for completion by spring 2016. Highlights include: Expanding the footprint of the college by 40 percent to 210,000 square feet; Adding a 500-seat auditorium designed for special events and large lectures; Creating 20 new classrooms and 40 collaborative study or breakout rooms; Building a special events hall with audio-visual components to accommodate dinners and lectures seating between 75 and 200 people. John R. Karman III covers these beats: Economic development and government, commercial real estate, transportation, utilities, sports business, lottery, tourism/conventions, higher education, nonprofits, Jeffersontown, Downtown, Central Area. Industries: