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Former Anglo Irish Bank boss jailed for six years

The former chief executive of Anglo Irish Bank has been jailed for six years for inflating the failing bank’s balance sheet. David Drumm, 51, was earlier this month convicted of conspiracy to defraud and false accounting by a Dublin court. Ahead of the sentencing, Mr Drumm acknowledged the “huge error …

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Teachers' bible ownership reaches end of term

The parent company of the teachers’ bible, the Times Education Supplement, is to be broken up and sold off by its private equity backers. Sky News has learnt that TPG Capital, the American private equity firm, has hired investment bankers ‎from Macquarie Capital to orchestrate the disposal of TES …

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China may have "underestimated" Trumps resolve 

A White House advisor said Beijing has underestimated President Donald Trump in its trade dispute, raising the spectre of an escalating trade war.  Beijing has accused the United States of “extreme pressure and blackmailing” and vowed to retaliate after Trump threatened more tariffs on $200 billion of Chinese products. …

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Tesla worker 'carried out damaging sabotage'

A Tesla employee has been carrying out “extensive and damaging sabotage”, according to the company’s chief executive. Elon Musk alleged in an email to staff that the employee sent sensitive data to unnamed third parties and made code changes to its manufacturing operating system. Mr Musk did not name …

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