Chinese billionaire plans to rebuild London’s Crystal Palace
“I either made it up or I was putting a spin on it to get a meeting (with the minister),” Hannam told the tribunal in July of takeover talks revealed to the minister in one of the emails. But acting for the client, the FCA argued, is not an excuse. “It opens the floodgates to the disclosure of insider information,” Richard Boulton, leading lawyer acting for the FCA, told the tribunal on Thursday. Hannam’s appeal is a high-profile test for the newly minted FCA’s tactic of targeting big names to fight market abuse, following the strategy of U.S. watchdogs. Rebuilding his reputation, meanwhile, is critical for Hannam, who is building up a gold venture in Afghanistan and an advisory firm Strand Partners, which includes some of the JP Morgan team who were among the most influential in the sector. (Reporting by Clara Ferreira-Marques; Editing by Erica Billingham and David Evans) @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module. You need to enable your browser cookies to view your most recent quotes. Search for share prices Terms Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges . Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page . Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes.
Police said all 28 passengers and two crew members on board the vessel were safe. No one was seriously injured, and three people treated at a London hospital for “minor smoke inhalation ailments” have all been discharged, London Duck Tours said. Most of the people on board the boat were foreign tourists, ITV reported. The company and the London Fire Brigade both said the cause of the blaze, which damaged one third of the vessel, was so far unknown. River tours suspended Borough Cmdr. Alison Newcomb of London’s Metropolitan Police said that the maritime coast guard is investigating. “At the conclusion of that investigation, I anticipate they will make a decision with regards to future tours,” she told ITV. London Duck Tours said it has stopped operating tours on the river until the reason for the fire has been established. “Should technical or safety modifications be required to our fleet, these will be introduced prior to the service recommencing,” Duck Tours said, stressing that it “operates to the highest safety standards.” “London Duck Tours operates a fully modernized fleet of nine vehicles that have been completely rebuilt and refurbished between 2002 and 2012,” it said. “This includes new, purpose built hulls, new engines, computerized systems and steering equipment.” The company said it was fully cooperating with investigators and regulatory authorities. Previous problems Amphibious tour vehicles have run into trouble in the past. In June, a duck boat sank in the British city of Liverpool. Twenty-seven people were taken to the hospital for shock and exposure after that incident. It was the second time the Liverpool tour company, The Yellow Duckmarine, had had a problem with a vehicle — one of them sank in March without any passengers in it. The Yellow Duckmarine, whose passengers have included the Queen and Prince Philip, is not running any tours at the moment, according to its website.
Chinese developers invest to build replica of London’s Crystal Palace, a Victorian wonder
“This is going to recreate a 21st century version of the palace,” London Mayor Boris Johnson told reporters. “This isn’t an act of nostalgia. It is looking forward and it is about adorning our city with a world-class structure.” The 180-acre park, where the palace once stood and includes the original terraced steps, is currently home to an amphitheatre that once hosted reggae singer Bob Marley, a national sports centre and a collection of giant dinosaur sculptures, which also date from the 1850s. If the proposal goes through, it would be another example of China’s growing appetite for investments in Britain. A Chinese firm signed a deal this year to convert London’s Royal Albert Docks into the city’s third financial district. “London is renowned across the world for its history and culture,” said Ni, who says he was tied to Britain through his English-educated daughters and love of British art. “This project is a-once-in-a-lifetime opportunity to bring its spirit back to life by recreating the Crystal Palace and restoring the park to its former glory,” he said. The Chinese company, which says the project would create 2,000 jobs, is seeking to profit from its investment by drawing tourists and using the area to host international exhibitions. Residents of the surrounding area have rebuffed numerous development efforts in the past, including proposals to build a cinema, a new sports centre and housing developments. “It’s being dressed up as a heritage project but there’s not enough details, and the devil’s in the details,” said Amanda Sciberras, head of the Crystal Palace Residents’ Association, who said the proposal appeared to be a commercial venture rather than a cultural one. (Editing by Robin Pomeroy) If you’re attending one of the worlds top universities, chances are high you’re an English-speaking student on a leafy campus in the United States or the United Kingdom. Christian Science Monitor Washington (AFP) – US President Barack Obama demanded an end to a three-day government shutdown he decried as a reckless “farce,” piling pressure on Republicans Thursday to climb down first on a budget impasse. AFP Rep.
Fire sweeps boat on London Duck Tours; passengers leap into the Thames
Britains Crystal Palace, the Victorian exhibition center that was once the largest glass structure in the world, will be brought back to life with investment from Chinese developers. Shanghai-based Zhongrong Group plans to invest 500 million pounds (US$ ) to build a replica of the iron and glass building as a cultural attraction in south London. The Crystal Palace, designed by Joseph Paxton for the 1851 Great Exhibition in Hyde Park, was the worlds biggest glass structure before it was destroyed by fire in 1936. The plans, announced Thursday, Oct. 3, 2013 will replicate the buildings Victorian design in the original size and scale. (AP Photo/File)The Associated Press In this computer generated image provided by In-Press Photography, showing Shanghai-based Zhongrong Group’s proposed design on rebuilding Crystal Palace on the site of the original Victorian building in south-east London. Britains Crystal Palace, the Victorian exhibition center that was once the largest glass structure in the world, will be brought back to life with investment from Chinese developers. Shanghai-based Zhongrong Group plans to invest 500 million pounds (US$ ) to build a replica of the iron and glass building as a cultural attraction in south London. The Crystal Palace, designed by Joseph Paxton for the 1851 Great Exhibition in Hyde Park, was the worlds biggest glass structure before it was destroyed by fire in 1936. The plans, announced Thursday, Oct. 3, 2013 will replicate the buildings Victorian design in the original size and scale.