UK PPE fraud ring convicted over luxury spending and false glove deals
A PPE fraud ring has been convicted after a National Crime Agency investigation into false nitrile glove deals and fraudulent escrow arrangements linked to the Covid-19 pandemic. The case involved Jogesh Bhandari, 59, of Loughborough, Craig Morris, 43, of Lytham St Annes in Lancashire, and Frank Labruzzo, a US Assistant Attorney General at the Louisiana State Department of Justice. Bhandari owned and controlled a company set up in 2020 to buy and sell nitrile gloves during the pandemic. The NCA said the company made fraudulent representations in 2020 and 2021, while Labruzzo provided a fraudulent escrow service. An escrow account... [Continue Reading]
Breaking-360LiveNews | 15 Jul 2026 15:03 LONDON
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Breakfast News Recap: US Iran tensions deepen as oil rises and Gaza, Ukraine and Asia face fresh shocks
Oil prices rose for a second session as the United States restored a naval blockade on Iranian ports, sharpening pressure on shipping routes and energy markets just as Donald Trump threatened to widen strikes on Iran to include power plants and bridges if Tehran does not back down. 🔗 🔗 🔗The confrontation also spread beyond the Gulf, with Trump dropping a planned 20% cargo fee on traffic through the Strait of Hormuz and saying Gulf states would instead make investment and trade commitments, while the Strait remained the central fault line in the fast deteriorating stand off. 🔗 🔗Iran said... [Continue Reading]
360LiveNews Recap | 15 Jul 2026 08:37 LONDON
Thames Water returns to profit as debt rises and funding runs through Q4 2026
Thames Water has reported a full-year post-tax profit after increasing customer bills by 40% last year. The company said it made £113m in the 12 months to the end of March, reversing a £1.51bn post-tax loss in the previous year. It also said it has enough debt funding to keep operating through to the fourth quarter of 2026.The utility's net debt rose to £18.5bn from £16.8bn over the same period. Thames Water said it had continued to fund the business through debt and internally generated cash flows. Chief executive Chris Weston said the company had made progress in turning itself... [Continue Reading]
360LiveNews | 15 Jul 2026 08:00 LONDON
US refunds $81 billion in tariffs after Supreme Court ruling
The United States government has refunded $81 billion in tariffs collected under a contested trade policy, according to newly released federal budget figures. The repayments follow a Supreme Court ruling that found a substantial portion of the levies unlawful. The refunds were paid to companies that had imported goods subject to the tariffs, marking a major reversal for a policy central to President Donald Trump's economic agenda.The figures show a sharp rise from the $5 billion returned during the same period a year earlier. Most of the repayments were processed in May and June, with a Treasury official saying the... [Continue Reading]
360LiveNews | 14 Jul 2026 12:35 LONDON
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The Ghosn Paradox The Imperial Savior, His Cinematic Escape, and the Desperate Call to Salvage a Crumbling Nissan
The Man Who Defied Corporate Gravity Few corporate sagas in modern history possess the cinematic drama, geopolitical friction, and sheer psychological tension as the rise and fall of Carlos Ghosn. Once lauded as the ultimate transnational executive, a multi-lingual titan capable of bridging disparate business cultures, Ghosn became the absolute center of a global firestorm. His story cuts through the pristine facade of global corporate governance to reveal a messy underbelly of nationalism, legal vulnerability, and strategic failure. Rebuilding an Empire from the Ashes of Bankruptcy The mythos of Carlos Ghosn began in 1999. Nissan, one of Japan's proudest manufacturing... [Continue Reading]
360LiveNews-Opinion | 27 Jun 2026 08:19 LONDON
There Is Good in Every Bad
Power, Greed, Oil, and the Theater of Modern Geopolitics The Business Model of Power Donald Trump does not govern like a traditional politician. He governs like a negotiator who believes every geopolitical crisis is leverage, every war threat is a bargaining chip, and every market panic is an opportunity. When markets tremble, someone profits. The question is, who? Global markets react instantly to political tension. Gold rises when conflict looms. Oil spikes when instability threatens production. Stock markets collapse on fear, then rebound on reassurance. Volatility is not chaos, it is opportunity. Historically, gold has surged during major geopolitical crises,... [Continue Reading]
360LiveNews-Opinion | 18 Feb 2026 17:11 LONDON
