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Stories written by Clyde K. Valle

Turkey bans late-night alcohol sales

Turkish PM Recep Tayyip Erdogan, who does not drink or smoke, said recently that ayran, a non-alcoholic yoghurt drink, was the "national drink" of the Turks

 The Turkish parliament has approved controversial legislation to ban the sale and advertising of alcohol. The Islamist-rooted ruling AK party says the law will protect the population, particularly young people, from the harmful effects of alcohol. Critics say it is a new move to impose an Islamic agenda on a secular, though predominantly Muslim, country. [...]

Christine Lagarde questioned by French court in Bernard Tapie case

Christine Lagarde has arrived at a court in Paris for questioning over a payout to controversial tycoon Bernard Tapie during her time as finance minister

Christine Lagarde has arrived at a court in Paris for questioning over a payout to controversial tycoon Bernard Tapie during her time as finance minister. The IMF chief is being asked to explain her handling of a row in 2007 which resulted in some 400 million euros ($516 million) being paid to Bernard Tapie. She [...]

Brussels Summit: EU leaders in drive against tax evasion

EU leaders at Brussels summit say they are committed to tackling tax evasion and will push for global action to curb banking secrecy

EU leaders at Brussels summit say they are committed to tackling tax evasion and will push for global action to curb banking secrecy. The president of the European Council, Herman Van Rompuy, said there was a “strong political will” in Europe to make tax systems fairer. He said the EU would draft tougher rules this [...]

Tiger Woods and Lindsey Vonn drop his kids off at school

Tiger Woods and new girlfriend Lindsey Vonn play happy families as they drop his children off at school

Tiger Woods and his new girlfriend Lindsey Vonn seem to be proving the doubters wrong. The acknowledged philanderer and his ski star girlfriend appear to be going from strength-to-strength as evidenced by the sight of them taking his children by Elin Nordegren to school together on Tuesday. Low-key and subtly loved up, Tiger Woods, 37, [...]

Carl Pistorius: Oscar Pistorius’ brother acquitted in Marietjie Barnard’s death case

Carl Pistorius, brother of Paralympic athlete Oscar Pistorius, has been acquitted of culpable homicide over the death of a motorcyclist in South Africa

Carl Pistorius, brother of Paralympic athlete Oscar Pistorius, has been acquitted of culpable homicide over the death of a motorcyclist in South Africa. A magistrate ruled that Carl Pistorius, 28, had not been negligent in the death of Marietjie Barnard in March 2008. The prosecution admitted it had been unable to prove the charges and [...]

Jose Manuel Barroso urges full tax data exchange

Jose Manuel Barroso said he would urge Wednesday's summit of EU leaders to support automatic exchange of people's earnings data between tax authorities

The head of the European Commission has told the European Parliament he wants EU-wide exchange of income data as part of the fight against tax evasion. Jose Manuel Barroso said he would urge Wednesday’s summit of EU leaders to support automatic exchange of people’s earnings data between tax authorities. Tax evasion costs EU states 1 [...]

Apple among America’s big tax avoiders

Apple has been accused by US Senate of being among America's largest tax avoiders

Apple has been accused by US Senate of being “among America’s largest tax avoiders”. A Senate committee said Apple had used “a complex web of offshore entities” to avoid paying billions of dollars in US income taxes. But it said there was no indication the firm acted illegally. Apple chief Tim Cook will go before [...]

Oscar Pistorius will not compete in 2013

Oscar Pistorius will not compete again this year as he awaits trial for murder of his girlfriend Reeva Steenkamp

South African athlete Oscar Pistorius will not compete again this year as he awaits trial for murder of his girlfriend Reeva Steenkamp. Paralympic gold medallist Oscar Pistorius, 26, is on bail after being charged with the murder of 29-year-old Reeva Steenkamp but can compete before his court case is heard. His agent, Peet van Zyl, [...]

Obama administration knew IRS was targeting conservative groups since June 2012

J. Russell George, the Treasury inspector general for tax administration, testified alongside ousted IRS head Steven T. Miller

Obama administration knew since June 2012 about an investigation into complaints from conservative tea party groups that they were being harassed by IRS, and the probe was ongoing at the height of the presidential race, a Treasury inspector general revealed Friday. J. Russell George, the Treasury inspector general for tax administration, testified alongside ousted IRS [...]

Dick Trickle 911 call before suicide

Legendary NASCAR Dick Trickle made a chilling 911 call before he ended his own life with a self-inflicted gunshot wound

The 911 call legendary NASCAR Dick Trickle made to a hapless operator before he ended his own life with a self-inflicted gunshot wound was released today. In the recording, Dick Trickle matter-of-factly tells the female operator that he is at “the Forest Lawn Cemetery at 150” – where he was later found dead. When the [...]

Dick Trickle suicide: Chuck Trickle says his brother suffered chronic and debilitating pain in his chest

Dick Trickle’s brother, Chuck, has said the legendary NASCAR driver suffered chronic and debilitating pain in his chest before his suicide

Dick Trickle’s brother, Chuck, has said the legendary NASCAR driver suffered chronic and debilitating pain in his chest before his suicide. Richard “Dick” Trickle, 71, who died on Thursday from a self inflicted gunshot wound, was so distressed by his mystery ailment that he visited doctors twice a day. According to his brother, Dick Trickle [...]

Dell reports 79% fall in profits as more consumers shift to smartphones and tablets

Dell has reported a 79 percent slide in net profit, underlining a fall in PC sales as more consumers shift to smartphones and tablets

Dell has reported a 79% slide in net profit, underlining a fall in personal computers sales as more consumers shift to smartphones and tablets. The PC maker’s net profit fell to $130 million in the three months to May 3, on revenue down 2% to $14 billion. Dell is in the middle of a dispute [...]

Dick Trickle commits suicide at 71 calling police before shooting himself to instruct where to find his body

Richard “Dick” Trickle died on Thursday at the age of 71 from a self-inflicted gunshot wound

Retired race car driver Richard “Dick” Trickle died on Thursday at the age of 71 from a self-inflicted gunshot wound, police say. The body of the NASCAR legend was found at the Forest Lawn Cemetery in Boger City, North Carolina, 30 miles west of Charlotte. Dick Trickle’s body was discovered near his pickup truck. The [...]

David Beckham to retire from football at the end of season

David Beckham has announced he will retire from football at the end of this season at the age of 38 after an illustrious 20-year career

David Beckham has announced he will retire from football at the end of this season at the age of 38 after an illustrious 20-year career. The former England captain made 115 appearances for his country and 394 for Manchester United, winning six Premier League titles and the Champions League. David Beckham signed a five-month deal [...]

S Sreesanth, Ankeet Chavan and Ajit Chandila: Indian cricketers arrested over spot-fixing in IPL

Three Indian cricketers have been arrested over allegations of spot-fixing in the Indian Premier League

Three Indian cricketers have been arrested over allegations of spot-fixing in the Indian Premier League (IPL), the country’s cricket board says. The players belong to the Rajasthan Royals team and have been identified as S Sreesanth, Ankeet Chavan and Ajit Chandila by the team boss, Raghu Iyer. The team said it had “a zero-tolerance approach [...]

Steven T. Miller: Acting IRS commissioner resigns over targeting conservative groups for special scrutiny

Steven T. Miller has quit as IRS head after it emerged his staff singled out conservative groups for extra scrutiny

Acting head of the US Internal Revenue Service (IRS) Steven T. Miller has quit after it emerged his staff singled out conservative groups for extra scrutiny, President Barack Obama has announced. Treasury Secretary Jack Lew had asked for and accepted the resignation of IRS Acting Commissioner Steven Miller, he said. “I will do everything in my [...]

France enters its second recession in four years

France has entered its second recession in four years after the economy shrank by 0.2 percent in Q1 2013

France has entered its second recession in four years after the economy shrank by 0.2% in the first quarter of 2013, according to official figures. The country’s economy shrank by the same amount in the last quarter of 2012. A recession is defined as two consecutive quarters of negative growth. France has record unemployment and [...]

Nikkei index passes 15,000 for first time since 2008

Japan’s shares have climbed past the 15,000 mark for the first time since January 2008, as the yen continues to weaken

Japan’s shares have climbed past the 15,000 mark for the first time since January 2008, as the yen continues to weaken – boosting the earnings potential for exporters. The benchmark Nikkei index rose 2% to 15,096, with carmaker Toyota and consumer electronics giant Sony leading the gains. The Nikkei is up 46% since the start [...]

France to introduce 1% sale tax on smartphones and tablets to fund culture

The French government is considering introducing a 1 percent tax on the sale of smartphones and tablets to help fund local film, music and images

The French government is considering introducing a 1% tax on the sale of smartphones and tablets to help fund local film, music and images. The proposal estimates some 86 million euros ($112 million) could be raised per year. The bid is based on France’s so-called “cultural exception” policy, which aims to protect culture from market [...]

Cyprus receives first installment of 10 billion-euro bailout package

Cyprus has received the first installment of a 10 billion-euro bailout package from international creditors

Cyprus has received the first installment of a 10 billion-euro bailout package from international creditors, which was agreed earlier this year. Cyprus received 2 billion euros ($2.6 billion) in loans, said a statement by the European Stability Mechanism (ESM). Another 1 billion euros will be transferred before June 30, the ESM said. Eurozone finance ministers [...]

OJ Simpson asks for new robbery trial

OJ Simpson appeared in court noticeably greyer and heavier than he did in his last public appearances

OJ Simpson is asking a Nevada judge to grant him a new trial in the 2008 armed robbery case that left him serving a 33-year prison sentence. In his long-shot appeal, football legend OJ Simpson argues his defense lawyer was ineffective. OJ Simpson was convicted of the robbery of what he said were stolen articles [...]

Greece makes progress on reducing its budget deficit, says IMF report

IMF report revealed Greece has made progress in improving its finances, but the country must do more to fight tax evasion

An International Monetary Fund (IMF) report has revealed today that debt-laden Greece has made progress in improving its finances, but the country must do more to fight tax evasion. In a report, the IMF said Greece had made “exceptional” progress on reducing its budget deficit since 2010. But the IMF, one of the lenders that [...]

Portugal to cut 30,000 civil service jobs and to raise retirement age by one year to 66

Portugal’s PM Pedro Passos Coelho announced new austerity measures from next year that would save 4.8 billion euros over three years

Portugal plans to cut 30,000 civil service jobs and to raise the retirement age by one year to 66 as it tries to meet the terms of a bailout. PM Pedro Passos Coelho said civil servants would also be required to work 40 hours a week instead of 35. The proposals, which would be applied [...]

ECB cuts benchmark interest rate to new record low of 0.5% to boost eurozone economy

ECB has decided to cut its benchmark interest rate to a new record low amid ongoing worries about the eurozone's economy

The European Central Bank (ECB) has decided to cut its benchmark interest rate to a new record low amid ongoing worries about the eurozone’s economy. The widely-expected cut to 0.50% from 0.75% is the first in 10 months. Worries about eurozone economies were underlined on Thursday with data showing manufacturing activity across the 17-nation bloc [...]

Stuart Hall admits 14 charges of indecent assault involving 13 victims

Stuart Hall has admitted 14 charges of indecent assault involving 13 victims including one as young as nine

British presenter Stuart Hall has admitted 14 charges of indecent assault involving 13 victims including one as young as nine. James Stuart Hall, 83, from Wilmslow, Cheshire, pleaded guilty at Preston Crown Court to the offences, involving 13 victims, which occurred between 1967 and 1985. A further three charges of indecent assault and one of [...]

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