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Description
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News Re-collection by: Sohit Jain Gaurav dhiman
* 2011 UBS rogue trader scandal * In early September 2011, the Swiss bank UBS
announced that it had lost over 2 billion dollars, as a result of unauthorized trading performed by Kweku Adoboli, a director of the bank's Global Synthetic Equities Trading team in London.
* On 15 September 2011, Adoboli was arrested
under suspicion of fraudup to 10 years in prison if convicted of all charges .
*
* Heavy rains and flooding are taking a major toll
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Transcript
News Re-collection by:
Sohit Jain Gaurav dhiman
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*
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2011 UBS rogue trader scandal
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I
n early September 2011, the Swiss bank UBSannounced that it had lost over 2 billion dollars,as a result of unauthorized trading performed byKweku Adoboli, a director of the bank's GlobalSynthetic Equities Trading team in London.
*
O
n 15 September 2011, Adoboli was arrestedunder suspicion of fraudup to 10 years in prisonif convicted of all charges .
*
*
H
eavy rains and flooding are taking a major tollin Pakistan. The floods have already drenchedmore than 4 million acres of land.
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T
he floods have killed more than 230 people,ruined about 80 percent of the area`s crops anddamaged more than a million homes
.
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NASA
officials unveiled plans for the nextgeneration of spacecraft expected to belaunched before
2017
.
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It`s
called SLS, stands for Space LaunchSystem.
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E
xpected to cost $18 billion.
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It
would take astronauts further into space thanever before
.
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