WORLD

Doing business with the wrong kind of client can be extremely costly for banks. HSBC (HBCYF) had to pay $1.9 billion in 2012 to settle allegations that it allowed international drug cartels to launder billions of dollars across borders. ING (ING) took a $900 million hit in September after admitting criminals had moved money through its accounts. And Danske Bank has in recent months found ...

Football has seen a lot of rivalries develop between clubs during its rich and long history, some of which can be traced back to more than a century. During that time, countless managers and players have come and gone but the clubs have lived on with their pride and legacy being passed on from generation to generation to keep the ...

Former Spain midfielder Xavi Hernandez says FIFA should abandon a proposal to increase the number of teams at the 2022 World Cup in Qatar to 48 from 32. The World Cup will feature 48 teams for the 2026 edition, to be co-hosted by the United States, Mexico and Canada, but FIFA President Gianni Infantino said last week increasing the number ...

An aerial survey of Mozambique’s cyclone-hit province shows that a 50km (30 mile) stretch of land is under water, charity Save The Children says. The flooding was caused after River Buzi burst its banks, it adds. President Filipe Nyusi said at least 1,000 people could have been killed by Cyclone Idai which made landfall near the port city of Beira ...

A payment processing firm that used to be owned by Royal Bank of Scotland has been sold in a deal worth $43bn (£32bn). WorldPay has been bought by Florida-based Fidelity National Information Services (FIS) for $35bn in cash and shares, plus WorldPay’s debt. FIS sells payment services and also software for the finance industry. WorldPay was sold by RBS in ...

MySpace, one of the first online social networks, has apologised after a server migration caused a huge loss of data. A message on its website says that “any photos, videos and audio files” uploaded more than three years ago may no longer be available. There had been complaints going back several months that links to music were no longer working. ...

UK based start-up OneWeb has secured $1.25bn (£940m) in new funding enabling it to speed up its plans to launch a global high-speed broadband network. The firm said the money meant its 2021 launch was now “inevitable”. The funding comes after the company successfully launched its first satellites for the service last month. The firm is competing with several rivals, ...

Facebook says it has deleted more than 1.5 million copies of the video of the mosque attacks in New Zealand in the first day after the incident. In a tweet, it said that 1.2 million of those copies were blocked while they were being uploaded. Fifty people died and dozens were injured in Friday’s twin shootings. Facebook said it would ...

A gunman has opened fire inside a tram and at several other locations in the Dutch city of Utrecht, authorities say. Several people have been injured and one is feared to have died, media reports say. Police say the gunman is still at large. Trains and trams have stopped running and schools have been asked to keep their doors closed. ...

The Portuguese superstar has become the subject of a disciplinary investigation from UEFA following his actions during a meeting with Atletico Madrid Cristiano Ronaldo has been charged by UEFA with improper conduct, with Juventus now waiting to discover whether the Portuguese will be sanctioned over his ‘cojones’ celebration against Atletico Madrid. The 34-year-old forward has become the subject of a disciplinary investigation by European ...