Play time’s over: Private equity firm 3i sells Scandinavian toy and education company

whatsapp Play time’s over: Private equity firm 3i sells Scandinavian toy and education company Read more: 3i sells debt management business to InvestCorpThe deal, which is subject to regulatory approvals, will see 3i generate proceeds of around £33m.The private equity house led a buyout of Lekolar in February 2007.Lekolar supplies educational and learning material, furniture, toys, stationery, arts and crafts and playground materials to pre-schools and secondary schools in the Nordic region.The company is headquartered in Osby, Sweden, and has a purchasing office in Shanghai, China. It employs around 280 people. FTSE 100 private equity firm 3i today announced it had agreed to sell a Scandinavian toy company.The group has signed a preliminary agreement to offload Lekolar to Swedish investment company Nalka Invest. William Turvill Share whatsapp Read more: FTSE 100 private equity firm lands Belfast City Airport in Eiser dealPreviously owned by Procuritas, Lekolar sells a variety of products, including wooden railways, dolls, games and puzzles, bicycles and crayons.London-headquartered 3i also owns OneMed Group, a medical supplies distributor in Northern Europe, in Sweden.Other recent 3i activity has included the acquisition of assets including Belfast City Airport from Eiser in December, a €150m (£127m) investment in French consumer healthcare business Ponroy Sante Group, and the £45m sale of a minority stake in promotional products company Polyconcept. Tuesday 3 January 2017 2:18 pm read more

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Brexit paper ‘a real blow to the City’

whatsapp Top City figures slammed the decision to back down from mutual recognition without a fight.Policy chairman of the City of London Corporation Catherine McGuinness said it was “a real blow for the UK’s financial and related professional services sector”, warning of the impact it would have on job creation and growth in the wider economy.“The sector has been clear since the referendum: equivalence in its current form is not fit for purpose so any ‘enhancements’ to this regime would have to be substantial,” she added.Miles Celic, chief executive of TheCityUK, said it was “regrettable and frustrating” that mutual recognition had been dropped “before even making it to the negotiating table”.He added: “In hundreds of discussions across the EU, the industry has never come across an unanswerable technical or commercial barrier to this approach. The EU’s objections have always been political.”Iain Anderson, chair of City lobbyists Cicero, said: “The proposals on financial services mark a distinct policy shift from what was previously set out by the chancellor Philip Hammond.”But not everyone in the City was dismissive. Chris Cummings of the Investment Association said that while it was “clearly disappointing” that mutual recognition had been ruled out, enhanced equivalence “can deliver a deal that works for savers in the UK and across Europe, and for the asset management industry that supports them”.A Treasury spokesperson urged the City not to be disheartened.“We want to have a close future relationship on financial services with the EU – this should not be in doubt. This proposal is the best option for getting a good deal for the City. It preserves the mutual benefits of integrated markets, protects financial stability, and preserves the City’s global reach,” they said. Share The City blasted the government’s decision to drop its favoured post-Brexit trade model for financial services following the publication of the long-awaited white paper.A senior City of London policymaker said the move was “a real blow” to financial services, while a top lobby group called it “regrettable and frustrating”. Catherine Neilan Thursday 12 July 2018 12:00 pm The white paper, which sets out the UK’s official position for talks on the future relationship with the European Union, says the government will no longer pursue so-called “mutual recognition” between London and Brussels.The mutual recognition model was promoted by City representatives and would have seen the UK and EU recognise each other’s regulations across a wide range of financial services.Chancellor Philip Hammond recently dismissed the EU’s own equivalence regime – in which third party countries can adopt equivalent rules in certain areas – as insufficient. However, the government is now proposing an improved form of equivalence.The new “reciprocal recognition of equivalence” is viewed in Whitehall as a halfway house between mutual recognition and enhanced equivalence.Existing frameworks for equivalence would need to be expanded “to reflect the fact that equivalence as it exists today is not sufficient in scope for the breadth of the interconnectedness of UK-EU financial services provision”, the white paper said. Brexit paper ‘a real blow to the City’ whatsapp read more

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ECB withdraws licence of Malta’s Pilatus Bank over corruption claims, financial watchdog says

first_img whatsapp The European Central Bank (ECB) has shut down of Malta’s Pilatus Bank after the lender was accused of corruption, the country’s financial watchdog said today.The scandal, which accused the private bank of processing corrupt payments, was uncovered by Maltese journalist Daphne Caruana Galizia who was murdered in October last year. Jessica Clark More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com The accusations against the bank included that it had facilitated money laundering for senior Azeri and Maltese figures. Maltese financial regulators recommended withdrawing the banking licence in June.“Further to the authority’s proposal to the European Central Bank to withdraw the authorisation of Pilatus Bank as a credit institution, the ECB’s governing council has decided to withdraw the authorisation of Pilatus Bank with effect from today,” the Malta Financial Services Authority said today.City AM has contacted the ECB for comment.  Share whatsappcenter_img ECB withdraws licence of Malta’s Pilatus Bank over corruption claims, financial watchdog says Tags: Trading Archive Monday 5 November 2018 1:36 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAll Things Auto | Search AdsNew Acura’s Finally On SaleAll Things Auto | Search AdsBridesBlushWhat The Harry Potter Stars Look Like Out Of CostumeBridesBlushAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldlast_img read more

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Consumers could face higher prices after Paypal’s $2.2bn iZettle merger, watchdog warns

first_imgMonday 26 November 2018 1:33 pm Consumers could face higher prices after Paypal’s $2.2bn iZettle merger, watchdog warns Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndo More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp Paypal’s $2.2bn (£1.7bn) takeover of mobile payment company iZettle could drive up prices for customers, the UK competition watchdog has said.The merger between the technology giant and the Swedish startup could also result in a lower quality of service, found the Competition and Markets Authority (CMA), which published its decision today. If Paypal hadn’t launched a bid for iZettle three weeks after it announced its intention to IPO, the firm could have provided strong competition for California-based Paypal and drive future innovation and lower prices, according to the CMA.CMA executive director Andrea Gomes da Silva said: “Payment services markets are evolving so it’s particularly important to look to the future when we assess competition and the effects of mergers on customers.“While iZettle is a relatively recent entrant to payment services, it has already established a market-leading position in mobile point of sale devices and was well-placed to compete against Paypal in other emerging markets.“That’s why we are concerned that Paypal’s takeover could lead to higher prices or reduce the quality of the services available to customers.”In May iZettle, which provides payment services for start-up companies, revealed plans to IPO in Sweden to raise £168m but Paypal bought the firm three weeks later.  Jessica Clark Tags: PayPal If the merger is approved co-founder Jacob de Geer will continue to lead iZettle at the online payments giant, reporting into Paypal chief operating officer Bill Ready.The watchdog has invited the businesses to address the concerns before the merger, which was agreed in September, is referred for an in-depth phase two investigation. The firms will remain separate until the probe is concluded.A PayPal spokesperson said: “Paypal continues to work cooperatively with the CMA as it conducts its review of the acquisition of iZettle.“We are now working to address the CMA’s concerns and demonstrate to the CMA that the market will remain competitive, so we can move forward with integrating iZettle into our global platform.”City A.M. has contacted iZettle for comment. Share whatsapplast_img read more

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DEBATE: Can we stop worrying now that earnings are rising at their highest rate in a decade?

first_img Opinion But not so fast. For all the doubts, Britain is a winning economy.Investment into the UK from foreign companies is sitting at the highest levels ever, while our tech scene is unrivalled – the number of artificial intelligence companies in London is more than double that in Paris and Berlin combined.And after years in the doldrums, wage growth has reached a decade high. Add that to near-record levels of employment, and you have a nation demonstrating real resilience.Britain’s economy is open, and only political short-sightedness will close the door to that. Problems? Sure, many of them the self-inflicted wounds of uncertainty. But these could still be interesting times for the UK economy and it’s something that our national debate could do well to focus on.Ruth Lea, economic adviser to the Arbuthnot Banking Group, says NO.The news that annual average weekly earnings are rising at the fastest rate since 2008 is welcome. Annual real earnings growth of around one per cent, combined with robust employment figures and low interest rates, should sustain household consumption growth, and hence GDP growth, going forward. Can we stop worrying now that earnings are rising at their highest rate in a decade?Michael Hayman MBE, co-founder of Seven Hills and co-author of Mission: How the Best in Business Break Through, says YES.May you live in interesting times – the old Chinese curse has found new life in Brexit Britain. Mired in political woe, you’d be forgiven for thinking that this is the end of days. City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Michael Hayman and Ruth Lea Share Tags: Trading Archive Wednesday 12 December 2018 8:27 am There are, however, worries too. On the supply side, there are concerns about the sustainability of growth, especially if productivity fails to pick up – an issue businesses must continue to tackle as the labour market tightens.The world economy is slowing and investment intentions look soft, reflecting continuing Brexit uncertainty. On the latter, the government must stop scaremongering about a no-deal Brexit – now a very possible outcome – and unequivocally prepare. Meanwhile, other global challenges remain, from America’s trade war with China to economic instability in Europe.The earning figures are definitely good news, but too much uncertainty remains to relax entirely. whatsapp DEBATE: Can we stop worrying now that earnings are rising at their highest rate in a decade? whatsapplast_img read more

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Euronext improves offer for Oslo Bors exchange as it tries to beat out Nasdaq

first_imgMonday 11 February 2019 8:34 am Joe Curtis The operator has support from 50.5 per cent of Oslo Bors for a takeover.However, Oslo Bors’s management has so far backed Nasdaq’s bid as the better offer for the company, saying that a higher rival bid would not change the board’s mind.But shareholders supporting Euronext’s bid had pledged to “irrevocably” tender their shares at the offered price – even in the face of a higher offer.Euronext operates in Dublin, Amsterdam, Lisbon, Paris and Brussels and is seeking to expand its number of exchanges.Speaking in support of his firm’s bid, Boujinah asserted that a takeover would bolster Oslo’s status as a financial centre. Read more: Euronext ‘determined’ to beat Nasdaq to takeover of Oslo BorsIt comes after Nasdaq beat Euronext’s bid for one of the market’s last independent stock market operators over a week ago with a 152 Norwegian kroner per share offer, which valued Oslo Bors at 6.54bn kroner (£590m).Euronext’s latest offer values the exchange operator at 6.79bn kroner, far higher than its December offer of 6.24bn kroner.“We strongly believe that a combination with Euronext provides Oslo Bors with clear and superior benefits compared to any other offer,” said Euronext chief executive Stephane Boujnah.“Oslo Bors will maintain its identity and integrity within Euronext’s decentralised model with a strong impact on the future strategy of the enlarged group. whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.com “Oslo Bors employees will be empowered to develop the satisfaction of their clients, with the ability to shape the future for Euronext and for the Norwegian economy,” he added.Read more: Nasdaq in £590m counter bid for Norway’s Oslo Bors“Oslo Bors and Norway will be represented at the managing and supervisory boards of Euronext at group level.“Leading representatives of the Norwegian financial community are welcome to remain as shareholders and become partners of Euronext. We are open to discuss with all stakeholders to present our long-term ambition to create a leading exchange player in the Nordics based in Oslo.” Pan-European stock market operator Euronext raised its offer for Norwegian counterpart Oslo Bors today, as it doubles down in a bidding war against rival Nasdaq.Boosting its per-share takeover offer from 145 Norwegian kroner to 158 Norwegian kroner (1,295p to 1,411p per share), Euronext has given Oslo Bors until 11 March to make a decision. Euronext improves offer for Oslo Bors exchange as it tries to beat out Nasdaq Share whatsapp Tags: Trading Archivelast_img read more

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Tom Watson calls for second referendum to be included in any Labour-Tory Brexit agreement

first_img James Booth Tom Watson calls for second referendum to be included in any Labour-Tory Brexit agreement whatsapp A second referendum on a final Brexit deal could “solve the national crisis” in the UK, Labour’s deputy leader Tom Watson said.Watson told the BBC he was a “reluctant convert” to a confirmatory vote but said it could be a way out of the current parliamentary impasse. whatsapp Friday 5 April 2019 1:39 pm Share Read more: Goldman Sachs cuts the probability of a no-deal BrexitWatson’s comments came in the context of Brexit talks between the leadership of Labour and the Conservatives.Watson said Labour was going into the talks “with an open mind,” but said that if a confirmatory vote was not part of the final deal, “we would have a bit of difficulty in our parliamentary party”.”We have got a strong policy on it,” he said. “People would say we don’t like Theresa May’s deal….That is why we are genuinely with open minds and good faith on both sides trying to see if we can work through a solution.”Read more: Pound set to rise three per cent if Brexit deal looks likely “[But] it is pretty clear the people need to be part of that process and that is really a recognition of parliamentary failure. The argument has not been resolved in the chamber of the House of Commons.”The public, would be able to “work out for themselves if this deal will work for them and their families,” he said.”People can take a look at the deal and they can make a call on it.”Watson also said that Labour had opened nominations for European elections which may or may not go ahead on 23 May. Tags: Brexitlast_img read more

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Nasdaq pulls out of Oslo Bors race leaving the way clear for Euronext

first_imgMonday 27 May 2019 1:27 pm whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediaMike HistoryBruce Willis Is Nearing 70 & This Is The Car He Has TodayMike HistoryScalp Psoriasis SearchWhat Exactly is Scalp Psoriasis? See the SignsScalp Psoriasis SearchHealth Gut BoostRandy Jackson: This 3 Minute Routine Transformed My HealthHealth Gut BoostCleaning Services | Search AdsHere’s What Cleaning Services In Scottsdale Should Actually CostCleaning Services | Search AdsThe Sofa Love Best Sofas for Lower Back Pain that actually works in 2021 – Buying GuideThe Sofa Love ReportinglyAt 106, She Is Probably The World’s Oldest Living Golden Age StarReportinglyMold Removal | Search AdsBathroom Mold Removal Tips That Might Surprise Most AmericansMold Removal | Search AdsDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZU Share Read more: Euronext shareholders approve Oslo Bors takeoverBoth Nasdaq and Euronext valued Oslo Bors at around 6.8bn Norwegian crowns (£620m).Euronext, which runs exchanges in Paris, Amsterdam, Brussels, Lisbon and Dublin, gained the support of over half of Oslo Bors’ shareholders shortly after its surprise 24 December offer at 145 Norwegian crowns per share.Neither Olso Bors’ management, financial services firm DNB, which holds a 20 per cent stake, or insurer KLP, which holds a 10 per cent stake, had been consulted about Euronext’s approach and began looking for an alternative bidder.Nasdaq joined the race in late January, driving up the price to 158 Norwegian crowns per share, but it was unable to overcome Euronext’s level of shareholder support. Read more: Norway all but hands victory to Euronext in Oslo Bors battleNasdaq’s failure prevents it adding to its presence in the Nordic-Baltic region where it already owns the stock markets of Denmark, Sweden, Finland, Iceland, Latvia, Estonia and Lithuania.DNB and KLP, which had pledged their support to Nasdaq, said they had not decided whether to sell their shares to Euronext at this stage.Euronext said it aims to complete the deal by June and will add Oslo Bors’ chief executive to its management board. Tags: Trading Archive Nasdaq pulls out of Oslo Bors race leaving the way clear for Euronext whatsapp James Booth Nasdaq has bowed out of the race for Norwegian exchange Oslo Bors, leaving the way clear for pan-European exchange Euronext to pursue its bid.Euronext received approval from Norway’s finance ministry earlier this month to buy more than 50 per cent of Oslo Bors for 158 Norwegian crowns per share, effectively blocking Nasdaq’s bid. More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

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Lloyds freezes 8,000 offshore bank accounts

first_img“This is also to protect the customer, as it prevents anybody else trying to use the account if the customer has stopped using it or has moved address.” Lloyds freezes 8,000 offshore bank accounts Jessica Clark whatsapp Share Lloyds Banking Group has frozen about 8,000 bank accounts registered offshore after asking the customers for three years to prove their identities. Read more: Banking unicorn N26 rapped by German regulator in money laundering probe Monday 24 June 2019 10:36 am Customers who have failed to respond to Lloyds’ attempts to contact them could find their accounts frozen, the group said. “Unfortunately, where a customer has not provided us with this necessary information we have had to freeze their account until we get the information. “This was required to meet international regulatory standards. Over the last three years we have made multiple attempts to contact these customers, asking that they provide us with the necessary information.center_img whatsapp The banking giant, which has its international business in Jersey, was forced to take action in order to meet regulatory requirements. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsMisterStoryWoman files for divorce after seeing this photoMisterStoryNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUnderstand Solar$0 Down Solar in Scottsdale. How Much Can You Save? Try Our Free Solar Calculator Now.Understand Solar HSBC, Barclays and Royal Bank of Scotland have also recently cracked down on identity checks, the Financial Times reported. The move to freeze thousands of expatriate accounts was made following changes to Jersey’s Money Laundering Order. “In January 2016, we began to contact certain expatriate banking customers to ensure we were provided with up to date information for our records, where customer information was missing,” Lloyds said in a statement this morning. Read more: Deutsche Bank faces US money laundering investigation Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamour20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap50,000-Plus People Want Jeff Bezos to Go to Space and Never Come BackThe Wraplast_img read more

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Donald Trump confirms son of Osama Bin Laden killed in US operation

first_img Michael Searles Read more: Donald Trump lashes out at ECB over euros fall The son of al-Qaeda founder Osama Bin Laden has been killed in a US counter-terrorism operation, US President Donald Trump confirmed. Saturday 14 September 2019 4:16 pm Share “The loss of Hamza Bin Laden not only deprives al-Qaeda of important leadership skills and the symbolic connection to his father, but undermines important operational activities of the group.”  Read more: China to exclude pork and soybeans from additional US tariffs The US government had offered a $1m reward for any information leading to his capture as late as February this year. whatsapp It was first reported last month in US media that Hamza Bin Laden had been killed in an air strike. There was no reference to when the operation was undertaken despite reports he had been killed within the last two years.center_img The US officially labelled him as a global terrorist in 2017. Donald Trump confirms son of Osama Bin Laden killed in US operation “Hamza Bin Laden, the high-ranking al-Qaeda member and son of Osama Bin Laden, was killed in a United States counter-terrorism operation in the Afghanistan/Pakistan region,” Trump said in a statement issued by the White House. AFGHANISTAN:Saudi-born alleged terror mastermind Osama bin Laden is seen in this video footage recorded “very recently” at an undisclosed location in Afghanistan aired by the Qatar-based satelite TV station al-Jazeera 07 October 2001. Retaliatory strikes against Afghanistan began 07 October with US and British forces bombing terrorist camps, air bases and air defense installations in the first stage of its campaign against the Taliban regime for sheltering bin Laden, who is the “prime suspect” in the 11 September attacks in the US. Al-Jazeera reported that the video was shot to be broadcast after the first US bombings. AFP PHOTO/AL-JAZEERA (Photo credit should read AFP/Getty Images) whatsapp Thought to be around 30 years old, Hamza Bin Laden was widely considered a potential successor to his father and had previously issued calls for attacks on US and other western countries. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factoryzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comMisterStoryWoman files for divorce after seeing this photoMisterStoryYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamabonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost Fun More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comColin Kaepernick to publish book on abolishing the policethegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comlast_img read more

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