Panama papers: Reaction to the massive data leak from law firm Mossack Fonseca detailing how global elite protect their riches April 4, 2016 News that a number of world leaders, as well as other global public figures, have been linked to tax evasion and money laundering has been met with calls for a crackdown on secretive international financial systems. A leak of 11m documents from Panamian law firm Mossack Fonseca has revealed that the company has helped clients launder money, [...]
Panama papers scandal: Everything you’ve ever wanted to know about bearer shares (but were too afraid to ask) April 4, 2016 The International Consortium of Investigative Journalists (ICIJ) includes a reference in its Panama Papers report to bearer shares, describing them as one way to protect the anonymity of companies' owners, making it harder to ascertain the exact ownership of the companies. But what are bearer shares? And does the decline in the number shown in the ICIJ numbers [...]
Well that was unexpected – US jobless rate rises for the first time in months but non-farm payroll beats expectations April 1, 2016 The US jobless rate rose in March, the first time since May 2015 it has done so – but the number of job openings beat expectations. Unemployment edged back up to five per cent, having dropped to 4.9 per cent last month, while the number of job openings hit 215,000, against forecasts of 205,000. That follows [...]
China-led infrastructure bank eyes India for first loan March 31, 2016 India is in line to receive one of the first loans from the China-led Asian Infrastructure Investment Bank (AIIB) later this year. The AIIB was created to fund energy, transport and infrastructure projects in Asia, and is touted as a rival to Western-centric financial institutions like the World Bank. Indian officials said today that the cash would be [...]
PMDB party pulls out of Dilma Rousseff’s governing coalition in latest turn in Brazil’s political crisis March 29, 2016 The largest party in Brazil's ruling coalition, the PMDB, has voted to leave the government in an "immediate exit" and said it will pull its members from president Dilma Rousseff's cabinet. The centrist Brazilian Democratic Movement Party made the decision to withdraw the six remaining ministers in Rousseff's cabinet at a leadership meeting today. The PMDB's ministers, including the country's [...]
All hostages released from EgyptAir MS181 in Larnaca, Cyprus as hijacker arrested March 29, 2016 All the hostages have been released unharmed from Egypt Air flight MS181, and authorities have arrested the hijacker. "It's over," said Cyprus' ministry of foreign affairs. Its over. The #hijacker arrested. #LarnacaAirport # Egyptair — Cyprus MFA (@CyprusMFA) March 29, 2016 The flight, bound from Alexandria's Borg El Arab for Cairo, was diverted to Cyprus' Lanarca Airport after [...]
US Capitol: Gunman captured, bystander wounded in “isolated incident” after reports of shooting at Capitol building in Washington DC March 28, 2016 A police officer shot and captured a man with a weapon at the US Capitol building in Washington DC, but no officers were wounded the police have said, contrary to earlier reports. Police have clarified that the suspect who brought the weapon to the visitors centre is undergoing surgery after sustaining an injury in the [...]
Iranian brigadier general states country will continue ballistic missile development programme despite US sanctions March 28, 2016 An Iranian military commander has claimed Iran will continue to develop ballistic missiles, despite the US introducing sanctions on companies linked to the scheme. "Even if they build a wall around Iran, our missile programme will not stop," brigadier general Amir Ali Hajizadeh was quoted as saying by the Tasnim news agency, according to Reuters. "They [...]
Terror in the heart of Europe: British security services on high alert after double attacks in Brussels March 22, 2016 British security services are on high alert after Brussels was hit by what are thought to be double suicide attacks, leaving at least 31 people dead. Police believe at least 11 people were killed in two explosions at Zaventem Airport. A further 80 people are thought to have been wounded in the blast. Belgian media reported that [...]
Limited Eurostar service resumes between London, Lille and Brussels following Brussels attacks, as company advises those travelling tomorrow to leave an hour for check-in March 22, 2016 Eurostar resumed a limited service between London and Lille and Brussels this evening after initially suspending trains to Brussels following this morning's attacks. Our thoughts go out to everyone affected by today's events in Brussels. Please find the latest disruption info here: https://t.co/9y6G8LCyrQ — Eurostar (@Eurostar) March 22, 2016 At least 30 people have [...]