Fake death pensioner 'was greedy'

 Anthony McErlean, 66, was jailed for six years for faking his own death in Honduras in 2009 to get a life insurance claim worth £520,000. He also admitted two counts of theft from a pension fund from the Port of London Authority of £27,000 pounds and £40,658 pounds from the Department of Work and Pensions. The pensioner had impersonated his wife to claim he himself had died after being hit by a truck as he was changing a tyre on a road in the Central American country. A fake witness statement was produced to back up story which said farm workers took his body away to the village of Santa Rosa De Aguan. Suspicious officials at the insurance company contacted the Insurance Fraud Bureau, who alerted the Poli...

Read more »

Thurlbeck to fight sacking claim

 The News of the World's former chief reporter has broken his silence over the phone-hacking scandal to insist he played "no part" in the matter that led to his sacking. Neville Thurlbeck, 49, was fired by News International earlier this month after being arrested in April on suspicion of conspiring to intercept voicemails while working at the now-defunct Sunday tabloid. He issued a strongly-worded statement in which he vowed to fight his unfair dismissal claim against his former employers "to the end". Mr Thurlbeck's alleged role in the scandal has been closely scrutinised since details emerged of a June 2005 email headed "for Neville" which contained transcripts of illegally intercepted voicemail messages. The email, which surfaced in April 2008, appeared to contradict News International's...

Read more »

Ferronats, a company formed by Spanish construction firm, Ferrovial and British air traffic controllers, Nats, has won 10 of the 13 tenders to run control towers at Spanish airports

 Ferronats, a company formed by Spanish construction firm, Ferrovial and British air traffic controllers, Nats, has won 10 of the 13 tenders to run control towers at Spanish airports as AENA privatises 49% of the company. It will control Alicante, Valencia, Ibiza, Sabadell, Sevilla, Jerez, Melilla, Cuatro Vientos, Vigo and A Coruña. The remaining three towers on the Canary Islands at Lanzarote, Fuerteventura and La Palma have been awarded to the Sacerco company. AENA estimates savings of 46.6% as a result, with Ferronats bidding 70.4 million, and Sacerco bidding 20 milli...

Read more »

Iberia to launch new low cost airline next week

 Iberia is planning to launch a new low cost airline next week. The Iberia board is expected to approve the project on Tuesday 4 October, to launch the low cost airline for the company’s short and medium distance services. The new airline is expected to take up 37 of the 69 A-320 aircraft the airline currently has in service. Iberia is now merged with British Airways to create the IAG, the International Airline Group, and the IAG board would have to ratify the decision on Thursday. Iberia has been holding talks with the pilots’ union SEPLA on the conditions for them in the new airline. The airline contends that it needs a structural reorganisation, but the union considers that all the flights should remain under the Iberia brand, and considers maintenance would be cheaper with a single...

Read more »

Belgian couple spot the men who stole their car in Belgium on a Spanish beach

 Sometimes it a very small world. A Belgian couple who had their car stolen at gunpoint in Belgium some months ago could not believe it when they recognised their attackers when on holiday in Alicante. They saw them on the beach in Guardamar, Alicante last Monday, and made no hesitation in calling the Spanish police. While they were waiting for the police to arrive, the couple found their own car parked nearby, and the owner decided to puncture the tyres to ensure that the thieves could not take it again. After the police arrived a search of the car revealed a simulated pistol. The two men, 47 year old L.J. and 20 year old G.C.D., were taken into custody and it’s now known that there was an international search and capture order in force against them. One of them has served time for...

Read more »

Rio hit with £500k bill after losing court battle

The England and Manchester United star will now be saddled with paying the estimated £500,000 legal bills incurred by the Sunday Mirror in defence of the lawsuit.Ferdinand sued the newspaper for misuse of private information after they published details of his 13-year relationship with interior designer Carly Storey, who accepted £16,000 for telling the tale of her liaisons with the defender.But Mr Justice Nicol dismissed the case at London's high court on Thursday, and refused Ferdinand's legal team permission to appeal."Overall, in my judgment, the balancing exercise favours the defendant's right of freedom of expression over the claimant's right of privacy," he said.The judge was not swayed by Ferdinand's claims that he had not tried to meet Storey after being made England captain,...

Read more »

Paramedics Who Tried To Save Singer's Life Give Evidence

 Alberto Alvarez was in charge of back stage during Jackson's final rehearsal on June 24, 2009. He described Jackson as "happy and in good spirits" during the performance. "He was doing very well for the most part," he told the Los Angeles court. He explained that he later drove Jackson back to his rented Holmby Hills home and saw Dr Murray's car parked there. He said the last time he saw Jackson alive was when he said "good night" to the singer. Mr Alvarez was the first person who went into Jackson's bedroom after Dr Murray telephoned for help as he was trying to resuscitate the singer. He said Jackson was lying on his back, with his hands extended out to his side, and his eyes and mouth open. "When I came into the room, Dr Murray said 'Alberto, hurry, we have to get to hospital, we...

Read more »

Raids in 7 countries in $200M investment fraud

 Dutch authorities say raids have been conducted in seven countries in connection with an alleged $200 million investment fraud scheme, and four men have been arrested. The country's financial crime prosecutors say they suspect hundreds of investors were conned into fraudulent investments in U.S. life insurance policies by a firm called Quality Investments BV. Prosecutors said Wednesday four Dutch men have been arrested, two in the Netherlands and one each in Switzerland and Turkey. Raids were also conducted in Spain, Dubai, England and the United States, in which millions of euros in assets were seized in hopes of recovering some money for duped investo...

Read more »

Global swoop nets huge haul of fake drugs: Interpol

 Police and customs officers from 81 countries have seized 2.4 million doses of counterfeit medicine sold over the Internet during a one-week operation, international police body Interpol said Thursday. Fifty-five people were arrested during the September 20-27 operation, codenamed Pangea 4, and more than 13,000 websites closed down, Interpol said. More than 100,000 illegal doses were seized in France, over half of which were for supposed to be for treating male erection problems, France's medical security agency that took part in the operation, AFSSAPS, said. The operation was carried out for the fourth successive year in an effort to inform the public about the risks of buying medicines online. "Interpol's member countries and partners have shown through the success of Operation Pangea...

Read more »

Motorway speed limit to be raised

 The speed limit on Britain’s motorways is set to rise to 80mph but with a big expansion in the number 20mph zones in cities and towns, The Independent has learnt. As part of a deal negotiated with the Liberal Democrats the Transport Secretary Phillip Hammond is expected to announce the Government’s intention to bring in the new speed limit at the Conservative conference. Ministers will then consult on the proposal later in the year along with plans to significantly expand the number of areas in Britain covered by 20mph zon...

Read more »

Ferdinand loses privacy action

 Rio Ferdinand has lost his privacy action over a "kiss and tell" story. The England and Manchester United centre back was not at London's High Court to hear Mr Justice Nicol dismiss his claim against MGN Ltd. Ferdinand, 32, brought his case for misuse of private information over an April 2010 Sunday Mirror article in which interior designer Carly Storey gave her account of their 13-year relationship in return for £16,000. The judge said: "Overall, in my judgment, the balancing exercise favours the defendant's right of freedom of expression over the claimant's right of privacy." Ferdinand had branded the piece - "My affair with England captain Rio" - a "gross invasion of my privacy", and said he had not seen Ms Storey for six years by the time it appeared. At a hearing in July, his lawyers...

Read more »

Dr. Conrad Murray spent 45 minutes on the phone as Michael Jackson lay dying,

 Dr. Conrad Murray spent 45 minutes on the phone as Michael Jackson lay dying, according to the prosecution in his involuntary manslaughter case. The medic was accused of making five calls to friends and for business purposes after administering a 25mg dose of anesthetic Propofol to the singer at 10.40am on June 25, 2009. Michaels' family, including parents Katherine, 81, and Joe, 82, his siblings Janet, 45, La Toya, 55, Tito, 57, Randy, 49, and Jermaine, 56, looked on as the prosecution and defense gave their opening statements in Dr. Murray's trial yesterday (27.09.11). Prosecution lawyers told the court in Los Angeles the doctor was speaking to cocktail waitress Sade Anding when he first noticed something was wrong with Michael at 11.51am. Deputy District Attorney David Walgren told...

Read more »

Treasure hunters eye huge shipwreck haul

 When the SS Gairsoppa was torpedoed by a German U-boat, it took its huge silver cargo to a watery grave. Seventy years later, US divers said they are working to recover what may well be the biggest shipwreck haul ever. Florida-based Odyssey Marine Exploration on Monday confirmed the identity and location of the Gairsoppa and cited official documents indicating the ship was carrying some 219 tons of silver coins and bullion when it sank in 1941 in the North Atlantic some 490km off the Irish coast. That's worth about $200m today, which would make it history's largest recovery of precious metals lost at sea, Odyssey said. "We've accomplished the first phase of this project -- the location and identification of the target shipwreck - and now we're hard at work planning for the recovery...

Read more »

Missourian, "soldiers ... shot Crips gang members; in retaliation Crips has asked its members to shoot any soldiers on sight.

 Missouri National Guard soldiers and airmen were still on "alert" Saturday afternoon to "avoid wearing a military uniform in public" because of a "direct threat" in retaliation to a gang-related shooting around Fort Sill, Okla., earlier in the week. The cautionary warning  was issued Friday. According to an internal memo leaked to the Columbia Missourian, "soldiers ... shot Crips gang members; in retaliation Crips has asked its members to shoot any soldiers on sight." MoreStory Related Articles Oklahoma shooting leads gang to threaten Missouri National Guard According to the U.S. Department of Justice, Crips is a collection of gangs throughout the U.S. with an estimated membership between 30,000 and 35,000 operating out of 221 cities in 41 states. Missouri is one of those states....

Read more »

Saudi women given right to vote

 Saudi Arabia will allow women to stand for election and vote, the king announced on Sunday, in a significant policy shift in the conservative Islamic kingdowm. In a five-minute speech, King Abdullah bin Abdulaziz al-Saud said women will also take part in the next session of the unelected, advisory Shura Council, which vets legislation but has no binding powers. "Because we refuse to marginalise women in society in all roles that comply with sharia, we have decided, after deliberation with our senior ulama (clerics) and others... to involve women in the Shura Council as members, starting from the next term," he said in a speech delivered to the advisory body. "Women will be able to run as candidates in the municipal election and will even have a right to vote." Women's rights are...

Read more »

Settling in Britain is a privilege not a right

 THE following is the summary of a speech delivered on September 15, 2011, by Britain’s Immigration Minister Damian Green at the Centre for Policy Studies [see full speech]. The speech is an indicator of the possible policy changes that will come out of the consultation currently underway into the reform of family migration. The consultation opened on July 13, 2011, and will close on October 6, 2011. It is important that as migrants to this country, we take time out to respond to this consultation as judging from Green’s speech it will have far reaching consequences for immigrants . Some of the proposals on the table include the following: # Whilst recognising that marriage is a personal decision, it is argued that it has implications on the wider society and therefore the spouse...

Read more »

UBS CEO Gruebel resigns over rogue trading loss

 UBS chief executive Oswald Gruebel has resigned over a $2.3 billion loss caused by rogue trading at its investment division, which is to be restructured now to prevent similar incidents in future, the Swiss bank said Saturday. Gruebel, who had come under heavy pressure from shareholders over the scandal, said he hoped his resignation would allow the bank to restore its reputation in the eyes of clients and investors. Article Controls EMAIL REPRINT NEWSLETTER SHARE "As CEO, I bear full responsibility for what occurs at UBS ( UBS - news - people )," he said in a memo to staff. "From my first day on the job I placed the reputation of the bank above all else. That is why I want to and must act according to my convictions." UBS Europe chief Sergio P. Ermotti will take over immediately...

Read more »

Alexa Chung range a hit

 Alexa Chung's latest range for Madewell caused the retailer's website to crash. The British beauty announced her partnership with the label last year, creating a line that was popular amongst fashionistas. Alexa launched her second collection with the US brand yesterday and celebrated with a star-studded bash in Los Angeles. The 27-year-old star tweeted her excitement before the party. "It's my Madewell collection launch party tonight in LA. Very Exciting," she wrote, before later letting her fans know how popular the launch had been. "Congrats! You crashed the @madewell1937 website with the purchase onslaught. Glad you like it! Xxxx...

Read more »

Former deputy editor received £25,000 from News of the World publisher after starting work as consultant with police force

Former News of the World deputy editor Neil Wallis leaving Hammersmith police station in July. Photograph: Murray Sanders/Mail On SundayThe relationship between the police and the News of the World has come under fire again amid revelations that Neil Wallis, the former deputy editor of the News of the World, was paid by the paper's publisher for "crime exclusives" while working for the Metropolitan police.Wallis was secretly paid more than £25,000 by News International after he left the paper and got a contract to work two days a month as a PR consultant with the Met. One story earned him a single payment of £10,000.The Daily Telegraph claims...

Read more »

Suit Planned Against News Corp. in U.S. Over Phone Hacking

 lawyer representing some of Britain’s phone hacking victims said on Friday that he was planning legal action in the United States against the News Corporation, the parent company of Rupert Murdoch’s global media empire. Enlarge This Image Luke Macgregor/Reuters Mark Lewis said he had held discussions about the steps needed to proceed against the News Corporation in New York. Multimedia Interactive Graphic Key Figures in the Phone Hacking Case Graphic Statements by Top Figures in the Hacking Scandal Interactive Feature Anatomy of the News International Scandal Related Millions May Go to Girl’s Family in Hacking Case (September 20, 2011) Times Topic: British Phone Hacking Scandal (News of the World) In a series of interviews in London, the lawyer, Mark Lewis, said he had held discussions...

Read more »

Phone hacking: Ex-editor Coulson sues newspaper group

 Former News of the World editor Andy Coulson is suing his ex-employer after it stopped paying his legal fees in relation to the phone-hacking scandal. His lawyers have filed papers at the High Court against News International subsidiary News Group Newspapers. Mr Coulson was arrested in July over NoW phone-hacking allegations. He denies knowledge of the practice. It has emerged some UK victims of alleged hacking are considering US legal action against News Corporation. US lawyers have been asked to explore the possibility of a case against Rupert Murdoch's media group. Arrangement ended Papers were filed at the High Court by Mr Coulson's lawyers on Thursday. BBC political correspondent Robin Brant said: "Even though Andy Coulson hasn't worked for the publishers of the now-defunct...

Read more »

Tech Savvy Street Gangs Take On Social Media

 The fight against Indiana’s gangs isn’t always waged on the street. School officials, social workers and probation officers said the newest battle ground in gang warfare is social media. According to Indianapolis anti-crime advocates who attended a gang awareness seminar on Friday, Indy gang members are younger, more mobile, and they’re using social media networks to recruit and plan. An Indianapolis Metro Police Department gang unit detective said he carries out most of his investigations online and undercover, 6News' Jack Rinehart reported. "I have a Facebook account. My alter-ego has over 210 gang member friends. I have a completely fictitious account,” the IMPD detective said. IMPD have identified more than 300 street gangs in Indianapolis, all of them engaging in various levels...

Read more »

Media group faces new hacking blows

 New allegations about the phone-hacking scandal have hit News International, with claims of more victims and fresh legal rows. It was revealed tonight that former News of the World editor Andy Coulson is suing News Group Newspapers, the publishing arm of the media giant. Papers were served at the High Court on Thursday "regarding the termination of the payment for his legal action". A spokesman for law firm DLA Piper, which represents Mr Coulson, said: "We can confirm that proceedings have been issued." News International declined to comment. It had been reported earlier this month that News International was paying DLA Piper for their legal advice to Mr Coulson following his arrest. Mr Coulson resigned from his position as Prime Minister David Cameron's spin chief in January and was...

Read more »

This is the buff soldier who exchanged numbers with Cheryl Cole.

Andy Baker plans to meet up with the former X Factor judge after the pair met during her morale-boosting trip to Afghanistan.The pair were introduced at an award presentation at Camp Bastion and met again a barracks dinner.New man? Soldier Andy Baker caught Cheryl Cole's eye during her moral-boosting trip to Afghanistan and he hopes to take her out for dinnerThey posed for several photos together and once Cheryl returned home, she said she planned to give her 'gorgeous soldier' a call.Buff: It's easy to see what attracted the singer to Andy, known as Bagsy to his friendsAndy, 25, who is known as Bagsy to his peers, plans to meet up with her once...

Read more »

Palestinian leader Mahmoud Abbas makes UN statehood bid

 Palestinian leader Mahmoud Abbas has submitted his bid to the UN for recognition of a Palestinian state. To rapturous applause in the General Assembly, he urged the Security Council to back a state with pre-1967 borders. He said the Palestinians had entered negotiations with Israel with sincere intentions, but blamed the building of Jewish settlements for their failure. Israeli PM Benjamin Netanyahu said he was reaching out to Palestinians and blamed them for refusing to negotiate. "I continue to hope that President Abbas will be my partner in peace," he said in his speech in New York. "Let's meet here today in the United Nations....

Read more »

Dowler lawyer pursues US legal action against News Corp

 The solicitor who represented the family of Milly Dowler in their phone-hacking claims against News Corporation on Friday announced he has teamed up with US lawyers with a view to initiating proceedings targetting Rupert Murdoch and his son James. Mark Lewis of Taylor Hampton has instructed Norman Siegel, a New York-based lawyer who represents 20 9/11 families to seek witness statements from News Corp and directors including the Murdochs in relation to allegations that News of the World staff may have bribed police. He says he intends to assess whether he can launch a class action against News Corp using American foreign corruption laws, which make it illegal for US companies to pay bribes to government officials abroad. "There is a provision within US law, before you start an action...

Read more »

European banks head towards another meltdown

 Shares in some of Europe's largest banks fell by 10pc as the cost of insuring European lenders' senior bonds rose to record levels, according to credit default swap prices. The Markit iTraxx Financial Index of contracts on the senior debt of 25 banks and insurers climbed to an all-time high 315.5 basis points. The last banking crisis was regarded by most eurozone members as an Anglo-Saxon phenomenon caused by lax lending controls that resulted in major UK and US institutions either collapsing or having to take costly state-funded bail-outs. To offset the threat of another crisis spreading across the eurozone, European regulators ordered their banks to increase their liquidity buffers. Government bonds were generally viewed as the most liquid and least risky assets to hold. However, this...

Read more »

signs of an institutional run on French banks

 Christine Lagarde, the managing director of the International Monetary Fund, urged Europe's leaders to bail out their fragile banks, as the boss of the eurozone's biggest bank, BNP Paribas, rejected fears that the financial sector was "in peril". Addressing journalists in Washington at the opening of the IMF's annual meeting, Lagarde said that Europe must tackle "this twin problem of sovereign debt and the need to strengthen capital buffers". She said: "It is critical that to fuel growth, banks be in a position to finance the economy, to finance enterprises, to finance households, to finance local governments. To do that they need to have the balance sheet that will actually support credit to the economy." Despite the recent stress tests carried out by the European Banking Authority,...

Read more »

Gangster's vest stopped rounds

 The body armour worn by gangster Sanjeev Mann stopped some of the bullets fired at him by masked gunmen, a Calgary court heard Wednesday. Det. James Hands, of the Crime Scenes Unit, detailed the exhibits he seized in connection with the 2009 New Year's Day massacre of Mann and two others. Among the items collected by the officer was the Kevlar body armour Mann regularly wore after he had been shot at months earlier outside his parent's home. Hands showed jurors the back panel of the three piece vest Mann was wearing when two assailants opened fire at the Bolsa restaurant, on Macleod Tr. S. He said the vest, seized during Mann's autopsy, showed he had been hit in the back three times. "We found (the bullets) and cut them out," Hands said, as he showed jurors three holes in the outer...

Read more »

Roll over Einstein: Law of physics challenged

 One of the very pillars of physics and Einstein's theory of relativity - that nothing can go faster than the speed of light - was rocked Thursday by new findings from one of the world's foremost laboratories. European researchers said they clocked an oddball type of subatomic particle called a neutrino going faster than the 186,282 miles per second that has long been considered the cosmic speed limit.  The claim was met with skepticism, with one outside physicist calling it the equivalent of saying you have a flying carpet. In fact, the researchers themselves are not ready to proclaim a discovery and are asking other physicists to independently try to verify their findings. "The feeling that most people have is this can't be right, this can't be real," said James Gillies, a spokesman...

Read more »

Europe leaves Bulgaria, Romania out in Schengen cold

 Europe left Bulgaria and Romania out in the cold Thursday, when Finland and the Netherlands blocked their entry into the passport-free Schengen travel area. The Dutch and the Finns refused to let them in, at a meeting of EU interior ministers dogged by concerns about illegal migration, citing poor progress in the fight against corruption and organised crime. "Two member states today made it impossible for us to make a decision on Schengen enlargement," Polish Interior Minister Jerzy Miller, whose country holds the EU's rotating presidency, lamented after the talks. "This leads me to a rather sad conclusion regarding mutual trust among the member states," Miller added, saying Bulgaria and Romania were promised a place in Schengen when they joined the European Union in 2007. "Today the...

Read more »

French court fines women for wearing veils

 France's fines on women for wearing the full-face covering niqab veil, imposed for the first time by a court on Thursday, are a "travesty of justice," Amnesty International says. Police have issued several on-the-spot fines since the ban came into force in April but the hearing saw the first two court-issued fines, and the Muslim women vowed to appeal their case all the way to the European Court of Human Rights. "This is a travesty of justice and a day of shame for France. These women are being punished for wearing what they want," Amnesty International's deputy director for Europe and Central Asia John Dalhuisen said in a statement....

Read more »

Scottish supermarkets face extra tax on selling alcohol

 Plans to hike business rates for major retailers of alcohol and tobacco in Scotland could see supermarkets pay around £110 million in tax over the next three years.   Finance Secretary John Swinney announced the new levy yesterday, as part of the Scottish government’s Spending Review.   Swinney said the review contained “tough choices, because of the cuts from Westminster that go too far, too fast”.   “We have had to restrict pay costs, reluctantly implement pensions increases on public sector staff, and maximise the income gained from asset sales,” he said.   He outlined that part of the extra revenue brought in would come from a tax on major retailers who sell alcohol and tobacco.   The measure was a surprise announcement, as during the last parliament a proposal...

Read more »

Bloody Sunday family rejects payout

 Relatives of one of the Bloody Sunday victims have firmly rejected any offer of Government compensation. Sisters Linda and Kate Nash, whose teenage brother William was among 14 men who died after paratroopers opened fire on civil rights protesters in Londonderry in January 1972, said: "I find it repulsive." The Ministry of Defence has confirmed that moves are under way to compensate the families following representation from solicitors acting on behalf of some of the relatives. The Nash sisters said they would not take money for personal financial gain: "Not under any circumstances will I ever accept money for the loss of my brother. "I find it repulsive, taking anything from the MoD. If the MoD wants to set up bursaries they can, but not in my brother's name," Ms Nash said. Prime Minister...

Read more »

Troy Davis execution goes ahead despite serious doubts about his guilt

 Moments before he was put to death, Troy Davis lifted his head from the gurney to which he was strapped and looked the family of Mark MacPhail, the police officer for whose murder he was convicted, directly in the eyes. "I want to talk to the MacPhail family," he said. "I was not responsible for what happened that night. I did not have a gun. I was not the one who took the life of your father, son, brother." He then appealed to his own family and friends to "keep the faith", said to the medical personnel who were about to kill him "may God have mercy on your souls", and laid his head down again. He was administered with a triple lethal injection of pentobarbital, pancuronium bromide and potassium chloride, and at 11.08pm he was pronounced dead. The debate about what happened in Georgia's...

Read more »

IMF cuts growth forecast for UK for 2011 and 2012

 The International Monetary Fund has cut its growth forecasts for the UK, in a report warning that the global economy is in a "dangerous new phase". UK gross domestic product is predicted to grow 1.1% in 2011, down from the 1.5% forecast in the IMF's previous World Economic Outlook report in June. The growth forecast for 2012 has been slashed from 2.3% to 1.6%. Foreign Secretary William Hague said the UK had the "discipline and determination" to tackle its deficit. But shadow chancellor Ed Balls called them "deeply concerning forecasts for both the UK and world economy". Independent economists are currently forecasting average UK growth of 1.3% in 2011, slower than the IMF, and 2% in 2012, ahead of the IMF figure. The IMF's UK forecast for 2011 falls behind projections for Germany,...

Read more »

Debt Crisis Infects Companies via Bank Loan Costs

 Banks in Spain and Italy are curbing loans and charging customers more as aftershocks from the sovereign debt crisis drive their own borrowing cost higher. “They can’t lend what they don’t have, I suppose,” said Francesc Elias, the owner of Bomba Elias, a pumps and filters maker near Barcelona, which shelved a 100,000-euro ($144,000) plan to open a Bahrain office when it couldn’t get an affordable bank loan. “The banks are very clever about finding new ways to charge us more.” Spanish and Italian government bond yields surged to euro- era records this quarter as Greece struggled to avoid default, driving the cost of insuring against nonpayment by the region’s banks to a record and making it harder for them to sell bonds. Spain pays 5.35 percent for 10-year money, up from an average...

Read more »