Vittorio Hernandez – AHN News Reykjavik, Iceland (AHN) – Iceland will start repaying a $3.45 billion (EUR 2.6 billion) from Britain in 2016. Reykjavik owed the amount to London after the online Icesave Bank failed two years ago. The agreement to repay ends two years of dispute over interest rates between the two countries after [...]

AHN News Staff Dublin, Ireland, United Kingdom (AHN) – Ireland formally accepted over the weekend the international bailout offer of the European Union and the International Monetary Fund. After hedging for a few days and insisting Dublin had sufficient financial resources, Irish authorities gave in to pressure and asked for a loan. According to reports, [...]

AHN News Staff Jerusalem, Israel (AHN) – To protest a British court’s order to arrest visiting Israeli officials for alleged war crimes, Israel has suspended all kinds of strategic dialogue with Britain. The two nations discuss defense and security matters during the strategic dialogue annually. “The strategic dialogue has indeed been postponed,” Foreign Ministry spokesman [...]

AHN News Staff Lagos, Nigeria (AHN) – Nearly a week after Nigeria detained an U.K.-registered ship, which was apparently carrying toxic waste, the Grand America suddenly has disappeared, prompting local authorities to launch an investigation. Authorities are searching for who released the ship, which had off-loaded seven containers with electronic waste. Two vessels carrying similar [...]

AHN News Staff London, England, United Kingdom (AHN) – The National Fraud Authority reported Monday that more than 1.8 million Britons become victims of identity theft each year. Cost of the fraud is estimated at $4.05 billion (2.7 billion pounds). The average amount lost by identity theft victims was $1,500 (1,000 pounds), the agency said. [...]

LONDON (MarketWatch) — U.K. brewer SABMiller said Monday that lager volumes grew 1% in the fiscal first-half, excluding the impact of acquisitions and disposals. The group said its earnings for the period also benefited from price increases and a fall in the cost of some raw materials. The group said lager volumes in Europe were [...]

AHN News Staff London, England, United Kingdom (AHN) – BAA Chairman Sir Nigel Rudd blamed the decision of the British government rejecting the Heathrow Airport operator’s application for a third runway for making the gateway less competitive. Rudd said the political decision made Heathrow a second tier global airport. He pointed out the decision would [...]

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