FINANCIAL TIMES SARACENS BOSS MADE £1.3M INVESTMENTS WITH PLAYERS The owner of Premiership Rugby champions Saracens entered into property investments with the team's players worth £1.3m that led to breaches of salary cap rules, according to the disciplinary report that has led to the team's relegation. The club was fined £5.4m and docked 35 points in November after co-investments its owner and ex-chair Nigel Wray, the property magnate, made with players were found to have breached the sport's salary cap.

UK NATIONALS ACCUSED IN UNAOIL CORRUPTION TRIAL Agents of Monaco-based consultancy Unaoil paid $6m (£4.6m) in bribes to secure oil contracts worth $800m in Iraq, Britain's Serious Fraud Office said in a trial that is part of a probe into corruption in the Middle Eastern nation.

THE TIMES NISSAN TO PROVIDE 2,000 CARS TO UK UBER DRIVERS Nissan is to provide thousands of discounted electric vehicles to British Uber drivers in a boost for the car maker's Sunderland plant. The Japanese company has announced a partnership with the American ridehailing giant to provide 2,000 Nissan Leaf cars to Uber drivers in London at a significant discount.

ANDREW BAILEY: UK 'BADLY PREPARED FOR CRASH' The incoming Bank of England governor has admitted that he is concerned about how ill-prepared the UK is for a prolonged fall in the stock market or house prices.

THE DAILY TELEGRAPH MILLIONAIRES ACCUSED OF HYPOCRISY OVER TAX CALLS Three millionaires who signed a Davos letter demanding higher taxes on the rich have been accused of hypocrisy. Ex-Unilever boss Paul Polman, Innocent Smoothies co-founder Richard Reed and real estate developer Jeff Gural signed a letter calling for higher taxes for the rich. All three have sought tax breaks for their businesses.

GOLDMAN SACHS WILL NOT FLOAT ALL-MALE COMPANIES Goldman Sachs has vowed to turn down lucrative work advising on stock market listings if the companies involved are all-male and lack diversity, chief exec David Solomon said at Davos.

THE WALL STREET JOURNAL WELLS FARGO EX-CHIEF IS BANNED FROM BANKING A US regulator barred former Wells Fargo chief executive John Stumpf from the banking industry over the firm's fake-account scandal, an extraordinary sanction for a top executive at a large bank. Stumpf agreed to the ban in a settlement, in addition to a $17.5m (£13.3m) fine.

INTEL'S EARNINGS BOOSTED BY HIGH PC DEMAND Intel yesterday posted strong fourthquarter earnings that benefitted from an upswing in personal-computer shipments and robust demand for chips to power data centres. Sales rose eight per cent to $20.2bn (£15.4bn).

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