UK Supreme Court to rule on appeals by traders jailed for manipulating key interest rates.

The UK Supreme Court will rule on the cases of former traders Tom Hayes and Carlo Palombo, who were jailed for manipulating interest rates. Hayes manipulated the London Inter-Bank Offered Rate (Libor), while Palombo submitted false Euro Interbank Offered Rate (Euribor) figures. Both are challenging their convictions, with the Serious Fraud Office opposing their appeals. The court will also consider whether the cheapest borrowing rate must be submitted or if a range is allowed.