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Barclays says it doesn't invest in defence firms supplying Israel
  + stars: | 2024-05-01 | by ( ) www.cnbc.com   time to read: +2 min
A Palestinian flag is held by a cash machine during Dorset Palestine Solidarity Campaign's protest outside the branch of Barclays Bank, April 20, 2024 in Dorchester, United Kingdom. Barclays does not invest in companies that supply weapons used by Israel in Gaza, the British bank said on Wednesday, after one of its branches in London's financial district was targeted by pro-Palestinian activists. The bank has also faced criticism for providing financial services to defence firms that produce equipment used by the Israeli Defence Force. "We have been asked why we invest in nine defence companies supplying Israel, but this mistakes what we do," the lender said on its website. We are not making investments for Barclays and Barclays is not a 'shareholder' or 'investor' in that sense in relation to these companies," it said.
Organizations: Dorset Palestine Solidarity, Barclays Bank, Barclays, Israeli Defence Force, NATO, New York City, Columbia University campus, University of California, UCLA Locations: Dorset, Dorchester , United Kingdom, Israel, Gaza, Moorgate, London, U.S, New York, Los Angeles
London CNN —US group Cleveland Clinic will open its third London facility this autumn as demand for private health care booms in the United Kingdom — sparked in large part by long wait times to access treatment on the National Health Service (NHS). “We are excited to be expanding our London footprint with a third location, in the heart of the City of London,” said Tommaso Falcone, interim CEO of Cleveland Clinic London. Cleveland Clinic is one of several major private health care providers expanding rapidly in the United Kingdom to keep up with demand from a much broader swathe of the population than ever before. Also building new UK facilities this year are HCA Healthcare — another American group — and private hospital group Spire Healthcare. NHS wait timesThe demand is being fueled by long wait times to access care on the NHS.
Pramod Mittal was declared bankrupt in June 2020 over an approximately $170 million debt owed to Moorgate Industries UK Limited, previously called Stemcor UK Limited. The businessman entered into an individual voluntary arrangement (IVA) with his creditors in October 2020. Curl said loans to four of Mittal’s creditors carried "absolutely extraordinary" rates of compound interest, with interest making up more than 97% of his total debt. However, Judge Nicholas Briggs said in a ruling that "there was a material irregularity at the meeting of creditors convened to consider [Mittal’s] proposal" and revoked the IVA. Mittal’s lawyer, in an emailed statement to Reuters, said: "Mr Mittal is disappointed with the decision and intends to appeal.
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