Reuters: Regulatory News: PRESS DIGEST - British business - Aug 30

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PRESS DIGEST - British business - Aug 30 Aug 30th 2012, 00:25 Wed Aug 29, 2012 8:25pm EDT The Times FRAUD INQUIRY IS NEW BLOW TO BARCLAYS Barclays was hit by a devastating blow on Wednesday as it admitted that it was under criminal investigation by the Serious Fraud Office over suspicious payments made in 2008 when it was seeking a rescue from investors in the Gulf. GAZPROM FORCED TO QUIT VAST ARCTIC GASFIELD Gazprom, Russia's state-controlled gas group, has been humiliated after it was forced to abandon one of the world's largest gasfields. SAMSUNG FACING DECEMBER PRODUCT BAN The U.S. court that handed Apple a victory in its patent battle against Samsung has set a December date for a potential ban on the sale of its phones in the United States. The Telegraph LIB DEM RICH TAX MAY FORCE MILLIONS TO REVEAL WEALTH Millions of people would be forced to disclose the value of their homes, investments and assets under Liberal Democrat plans for an emergency tax on wealth. SFO LAUNCHES PROBE INTO BARCLAYS PAYMENTS IN QATAR Barclays is facing a criminal investigation into payments made to Qatar's sovereign wealth fund at the time of its investment in the bank four years ago. UK TRANSPORT SECRETARY 'ACTED UNLAWFULLY' CLAIMS VIRGIN Britain's Transport Secretary "acted unlawfully" and in contravention of EU law when she awarded West Coast rail contract to FirstGroup, Virgin Rail has claimed. The Guardian CHINA THREATENS TO BURST IRON ORE BUBBLE DOWN UNDER China's economic slowdown has left commodity-rich Australia and its over-valued currency exposed. The Independent HAWKING LIGHTS PARALYMPIC FIESTA Opening ceremony celebrates the race towards equality to open a Games that can change lives and challenge everyone. Link this Share this Digg this Email Reprints

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