Reading Time: 2 minutes A former executive at Brazilian aircraft manufacturer Embraer pleaded guilty on Thursday for his role in bribing a Saudi official in the sale of three jets, the US Justice Department announced. Colin Steven, a 61-year-old British national residing in the United Arab Emirates, admitted to charges of foreign bribery, wire fraud, money laundering and false […]

Reading Time: 2 minutes The British engine maker Rolls-Royce reported a record loss of £4.6 billion before tax due to fines related to the settlement of bribery charges and a fall in the pound. Underlying profit before tax, which excluded the impact of the revaluation of derivatives and other one-offs, fell by 49 per cent to £813 million. The […]