The papers focus on developments in the financial scandal rocking Standard Chartered, amid calls for a radical revamp in London. Meanwhile, beware of letting the Russian punk rockers in the dock eclipse other developments at the Kremlin.
New York Financial Services accuses Standard Chartered Plc. of hiding thousands of financial transactions with Iran, and the Financial Times says it’s sanctions that are likely to be a greater threat to Iran than bombs. The Daily Mail praises New York – nothing being done at the national level in the US – for taking a tough approach to alleged financial misconduct. The Daily Mail says London has become a world centre for dodgy transactions.
As sentencing looms over Russian rockers Pussy Riot for anti-Putin protest songs, the Christian Science Monitor says the case could eclipse other forms of governmental oppression. The magazine reports that a whole host of legislation is in the works that could impose limits on civil rights in Russia.
And as US Secretary of State, Hillary Clinton wraps up her African tour in South Africa, the Guardian takes the West to task for speaking of democracy and human rights with a forked tongue.