Manchester United Shares Soar After Tweet Spurs Sale Speculation
Manchester United Plc shares surged in premarket trading after a tweet from a Qatari newspaper spurred speculation that
2023-06-13 20:54
Convicted Poker Player’s Son Sues Irish Lender AIB Over Fraudulent Conspiracy
AIB Group Plc, once tricked into lending a poker-playing fraudster £740 million ($930 million), is now being accused
2023-06-13 20:28
Natixis’s Frankfurt, Munich Offices Raided in German Tax Dividend Investigation
Natixis SA’s offices in Frankfurt and Munich were raided as part of the sprawling German probe into the
2023-06-13 19:59
UK Watchdog Bans Water Company Advert Over Pollution Record
The UK’s advertising regulator banned an advert by Anglian Water Group Ltd. because it didn’t reflect an environmental
2023-06-13 19:54
A Simple Tool to Unlock Trillions of Dollars in Clean-Energy Investments
Solar and wind power are the cheapest sources of energy in most of the world. And, yet, there
2023-06-13 19:48
Santander Cuts London Jobs, Moves More Equity Research to Spain
Banco Santander SA has closed down its UK-based equity research team as it shifts analysis of companies to
2023-06-13 19:47
Trader Bunge to Buy Glencore-Backed Viterra for $8 Billion
US agribusiness Bunge Ltd. agreed to buy Glencore Plc-backed Viterra for $8.2 billion in stock and cash, creating
2023-06-13 19:45
Deutsche Bank’s DWS Promotes Female Executives as More Leave
Deutsche Bank AG’s investment arm DWS Group promoted several women to senior positions while others announced their departure,
2023-06-13 19:17
What happened in Silvio Berlusconi’s notorious ‘Bunga Bunga’ sex party scandal?
Silvio Berlusconi, Italy’s three-time prime minister, has died in Milan, aged 86. A conservative media impresario, AC Milan owner and sometime cruise ship crooner, Berlusconi dominated Italian politics and public life for almost 20 years as the leader of the centre-right Forza Italia party and its People of Freedom successor organisation, leading four governments over the course of three spells as PM stretching from 1994 to 2011. An obvious forerunner to Donald Trump, Berlusconi was a populist as well known for his outrageous remarks (often about other world leaders like Angela Merkel and Barack Obama) and his womanising as he was for his political leadership, with scandal never far behind him wherever he went. His final years in office in particular were marred by allegations of corruption and sordid tales of so-called “bunga bunga” sex parties being staged at his lavish Villa San Martino in Arcore on the outskirts of Milan. The parties first came to light in October 2010 when Berlusconi personally telephoned a police station to request that one Karima El Mahroug, a 17-year-old nightclub dancer from Morocco also known as “Ruby the Heart Stealer”, be released from custody after she was accused of stealing a 3,000 euro bracelet. Berlusconi incorrectly informed the officers he spoke to that the girl was the niece of former Egyptian president Hosni Mubarak in the hope of winning her freedom and preventing any further inquiry into her recent attendance at one of the decadent gatherings then occurring regularly at his home. Ms El Mahroug was duly released into the care of Berlusconi associate Nicole Minetti but, when prosecutors subsequently learned of his intervention on her behalf, an investigation was launched into their relationship given that she was underage. In an interview with prosecutor Antonio Sangermano soon after the police station episode, Ms El Mahroug claimed Berlusconi had sent a limousine to her home to bring her out to the villa for the first time on 14 February that year. “That evening Berlusconi explained to me that bunga bunga consisted of a harem that he copied from his friend [Libyan dictator Muammar] Gaddafi, in which the girls take their clothes off and have to provide physical pleasures,” she said, introducing the wider world to the phrase for the first time. Despite Berlusconi’s insistence that the events were not Roman orgies but simply “elegant dinners”, prosecutors eventually produced a list of 33 young women, primarily aspiring starlets hoping to exploit his influence and break into television via one of his channels, who said they had attended the gatherings and been paid for sex. Detailed accounts were also collected of the parties themselves, which typically consisted of green, white and red foods being served in honour of Italy’s tricolour flag, followed by a floorshow of costumed stripteases – with participants dressing up as nuns, nurses and policewomen or even public figures like Mr Obama or the Brazilian footballer Ronaldinho – after which Berlusconi would pick one of his guests to spend the night with, for which the woman in question would be amply rewarded with expensive gifts, from cash and jewellery to rent-free apartments. Berlusconi would finally be accused of abuse of office and paying for sex in with a minor over his relationship with Ms El Mahroug. The dancer insisted she had never slept with Berlusconi, telling a court: “It’s the first time in my life that a man has not tried to take me to bed. He behaved like a father, I swear.” He was initially found guilty in June 2013 and sentenced to seven years in jail but the verdict was overturned a year later by an appeals court, which ruled there was no proof he had known she was underage at the time of their encounter. Italy’s highest court confirmed his acquittal in 2015. But the disgraced PM was later returned to the dock in Rome, Siena and Milan after being accused of bribing witnesses to lie about the “bunga bunga” scandal, although he was subsequently cleared in each city, most recently in Milan in February 2023. Berlusconi celebrated that verdict earlier this year on Instagram, writing that it had ended years of “suffering, of mud and of incalculable political damage”. The parties would later be recreated in Italian director Paolo Sorrentino’s highly entertaining satire Loro (2018) in which Toni Servillo played the ageing Silvio Berlusconi. 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2023-06-13 18:58
New BOE Rate Setter Greene Says Policymakers Should Focus on Medium Term
The Bank of England’s newest rate setter Megan Greene said policy makers were right to raise interest rates
2023-06-13 18:56
Starmer Eyes Labour Surge in Scotland After SNP’s ‘Implosion’
Keir Starmer said his Labour Party sees an opportunity to make political gains in Scotland, following what he
2023-06-13 18:50
BBC, ITV Inch Closer to Deal to Avoid Women’s World Cup Blackout
FIFA and UK broadcasters BBC and ITV Plc are inching closer to a deal that would see them
2023-06-13 18:23