Tuesday, February 28, 2017

Scandal-hit UK tycoon pays £363m to settle BHS deficit

Yahoo News - Latest News & Headlines
Scandal-hit UK tycoon pays £363m to settle BHS deficit

Scandal-hit UK tycoon pays £363m to settle BHS deficitBritish billionaire Philip Green paid £363 million ($452.5 million, 426 million euros) towards settling a deficit in the pension scheme of collapsed retailer BHS on Tuesday following a high-profile dispute. After 15 year at its helm, Green sold BHS for £1 in 2015 to Dominic Chappell, a former bankrupt businessman with no retail experience. Green said the cash settlement was a "significantly better outcome" than the schemes entering the Pension Protection Fund (PPF), despite being well below the collapsed retailer's pension fund deficit.


South Korea suggests North's suspension from U.N. over airport killing

South Korea suggests North's suspension from U.N. over airport killingBy Stephanie Nebehay and Joseph Sipalan GENEVA/KUALA LUMPUR (Reuters) - South Korea called for "collective measures" to punish North Korea for using chemical weapons to kill the estranged half-brother of its leader Kim Jong Un, as Malaysia said on Tuesday it would charge two women with murder over the airport attack. Police have said the women smeared VX nerve agent, a chemical on a United Nations list of banned weapons of mass destruction, on Kim Jong Nam's face in an assault captured on security cameras in the Malaysian capital's airport on Feb. 13.


Israel evicts settlers in West Bank

Israel evicts settlers in West BankIsraeli forces began evacuating nine homes in the West Bank settlement of Ofra, following a Supreme Court decision that ruled they were built on private Palestinian land. Dozens of settlers and their supporters were protesting on the rooftops as military and police forces handed the evacuation orders to settler leaders and asked them to cooperate peacefully and avoid confrontation. >>> Read more about the settler evacuation at the AP. See more news-related photo galleries and follow us on Yahoo News Photo Tumblr


Yahoo News - Latest News & Headlines
Scandal-hit UK tycoon pays £363m to settle BHS deficit

Scandal-hit UK tycoon pays £363m to settle BHS deficitBritish billionaire Philip Green paid £363 million ($452.5 million, 426 million euros) towards settling a deficit in the pension scheme of collapsed retailer BHS on Tuesday following a high-profile dispute. After 15 year at its helm, Green sold BHS for £1 in 2015 to Dominic Chappell, a former bankrupt businessman with no retail experience. Green said the cash settlement was a "significantly better outcome" than the schemes entering the Pension Protection Fund (PPF), despite being well below the collapsed retailer's pension fund deficit.


South Korea suggests North's suspension from U.N. over airport killing

South Korea suggests North's suspension from U.N. over airport killingBy Stephanie Nebehay and Joseph Sipalan GENEVA/KUALA LUMPUR (Reuters) - South Korea called for "collective measures" to punish North Korea for using chemical weapons to kill the estranged half-brother of its leader Kim Jong Un, as Malaysia said on Tuesday it would charge two women with murder over the airport attack. Police have said the women smeared VX nerve agent, a chemical on a United Nations list of banned weapons of mass destruction, on Kim Jong Nam's face in an assault captured on security cameras in the Malaysian capital's airport on Feb. 13.


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