News Headlines - 08 July 2019

Kim Darroch: Trump says UK ambassador 'has not served the UK well' after leaked cables - CNNPolitics

President Donald Trump said Sunday the United Kingdom's ambassador to the United States "has not served the UK well," after the ambassador called Trump "inept" and "incompetent" in leaked diplomatic cables.
Cables sent from the ambassador, Kim Darroch, back to London describe Trump as "inept," "insecure" and "incompetent," a UK government official confirmed to CNN. The cables were leaked to and first published by the Daily Mail.
When asked for his reaction to Darroch's comments, Trump told reporters, "No I haven't seen it, but, you know, we've had our little ins and outs with a couple of countries and I would say that the UK, and the ambassador has not served the UK well, I can tell you that."

Financier Jeffrey Epstein due in court over sex charges

Wealthy financier and registered sex offender Jeffrey Epstein is due in court following an arrest in New York on new sex-trafficking charges involving allegations that date to the early 2000s, according to law enforcement officials.
Epstein, a wealthy hedge fund manager who once counted as friends former President Bill Clinton, Great Britain’s Prince Andrew, and President Donald Trump, was taken into federal custody Saturday and is expected to appear Monday in Manhattan federal court, three law enforcement officials told The Associated Press.

US asks Swiss courts to extradite Chinese scientist accused of stealing drug secrets | South China Morning Post

Switzerland has found itself caught up in a potential dispute between the US and China after Washington began extradition proceedings in the case of a Chinese scientist accused of economic espionage.
Xue Gongda, a Basel resident, is accused of helping his sister steal secrets worth US$550 million from drug maker GlaxoSmithKline.

Deutsche Bank Latest News: Will Exit Global Equities - Bloomberg

Deutsche Bank AG unveiled a radical overhaul that will see the lender exit its equities business, post a 2.8 billion-euro ($3.1 billion) second-quarter loss and cut the workforce by a fifth to reverse a slide in profitability.
Chief Executive Officer Christian Sewing will shelve the dividend this year and next and take restructuring charges of 7.4 billion euros through 2022 to pay for an overhaul that shrinks the German lender’s once-mighty investment bank along with its global footprint and key fixed-income business.

4,500 jobs at risk as William Hill announces it is to close 700 betting shops - ITV News

Betting group William Hill has said it plans to close around 700 betting shops across the UK, putting 4,500 jobs at risk - blasted as "devastating news" by the industry's trade union.
The betting company said the move follows the Government's decision to make the maximum stake on fixed odds betting terminals £2.
In a statement, William Hill said: "This follows the Government's decision to reduce the maximum stake on B2 gaming products to £2 on April 1, 2019.







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