United States

A former fifa executive accused of soliciting bribes in the Corruption case brought by U.S. authorities against world football officials, wants to know why the United States is hosting this year's World CUP if it dislikes football's governing body so much.

A raft of banks could face tough questions in the sweeping U.S. crackdown on alleged Corruption in global football as prosecutors review how much they knew about millions of dollars in bribes flowing through the U.S. banking system to accounts around the world.

The world's most popular sport was plunged into turmoil on Wednesday as seven senior football officials were arrested on U.S. Corruption charges and faced extradition from Switzerland, whose authorities also announced a criminal investigation into the awarding of the next two World Cups.

Seven of the most powerful figures in global football faced extradition to the United States on Corruption charges after being arrested on Wednesday in Switzerland, where authorities also announced a criminal investigation into the awarding of the next two World Cups.

UBS (UBSG.VX) said on Wednesday it has settled a probe by U.S. authorities over alleged rigging of currency markets by agreeing to pay $545 million (351 million pounds) in combined fines and pleading guilty to one count of wire fraud in a separate matter.

NSA Whistleblower Edward Snowden has slammed a critical new report by the US House intelligence committee, which claims his leaking of classified documents and government intelligence programmes caused “tremendous damage” to national security.

Federal authorities have arrested the influential leader of New York’s correctional officers’ union on fraud charges, the first major criminal case connected to the investigation of Mayor Bill de Blasio’s campaign fundraising.

The US government has estimated that at least $18 million is sent in the post every year by vulnerable citizens to fraudulent companies in the Netherlands, believing they have won a large cash prize and want to claim their spoils. Most of this fraud allegedly comes down to one man, 54-year-old Erik Dekker of Langbroek in Utrecht.

A quarter of medicines consumed in low and middle-income countries are falsified or sub-standard, according to a report World governments and Big Pharma companies are "turning a blind eye” to Bribery and Corruption that allows a few to make vast profits while damaging the health of many of the poorest people on Earth, a new report has claimed.

Authorities in New York have arrested a former director of Barclays Plc on charges that he improperly gave tip-offs to a friend about mergers before they were publicly announced. Prosecutors said that Steven McClatchey, 58, who worked at the British bank’s Manhattan offices from 2008 until the end of last year, had fed information to a plumber, Gary Pusey, to help him make profits by trading the stocks of companies involved in deals that were in the works.