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Panama Papers Series

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The Panama Papers form a leaked set of 11.5 million confidential documents created by the Panamanian corporate service provider Mossack Fonseca that provide detailed information on more than 214,000 offshore companies, including the identities of shareholders and directors. The documents identify (as directors and shareholders of such companies) current government leaders from five countries — Argentina, Iceland, Saudi Arabia, Ukraine and the United Arab Emirates — as well as government officials, close relatives and close associates of various heads of government of more than 40 other countries, including Brazil, China, Peru, France, India, Malaysia, Mexico, Pakistan, Russia, South Africa, Spain, Syria and the United Kingdom. Comprising documents created since the 1970s that amount to 2.6 terabytes of data, the papers were supplied to the Süddeutsche Zeitung in August 2015 by an anonymous source, and subsequently to the U.S.-based International Consortium of Investigative Journalists (ICIJ). The papers were distributed to and analyzed by about 400 journalists at 107 media organizations in more than 80 countries. The first news reports based on the set, along with 149 of the documents themselves, were published on April 3, 2016, and a full list of companies is to be released in early May 2016.

Panama Papers Series

To really tackle corporate tax evasion we need a public register

Sep 12, 2016 02:05 am UTC| Insights & Views Politics

The Australian government shouldnt rely on leaks like that of the Panama Papers to pick up on tax evasion, it should consider stronger action. The federal government showed some leadership earlier this year by...

Panama Papers Series

Why British law doesn't necessarily apply in overseas territories

May 05, 2016 16:59 pm UTC| Law

Until the Panama Papers scandal broke, it would have been easy to think that the widest possible definition of the United Kingdom is England, Wales, Scotland and Northern Ireland. But the territory is much wider than that ...

Panama Papers Series

Panama Papers revelation: we must rethink data security systems

May 04, 2016 12:31 pm UTC| Insights & Views

The surge of information leaks from highly confidential sources in recent years demonstrates the futility of current cyber defenses. The leaks of U.S. diplomatic cables, Office of Personnel Management data, CIA...

Panama Papers Series

Should tax collection be privatised?

Apr 20, 2016 06:08 am UTC| Insights & Views Business Law

The release of the Panama papers is yet to reach its endgame, but there are some clear truths we can take from it. People or businesses who dont pay their taxes whether deliberately or through ignorance undermine state...

Panama Papers Series

Did you cheat on your taxes? Here's why your days may be numbered

Apr 18, 2016 04:28 am UTC| Insights & Views Law

The so-called Panama Papers span thousands of pages, revealing that many of the worlds elite have been hiding their money in offshore accounts in an attempt to shield their income from taxes. Their release the biggest...

Panama Papers Series

Why Europe's new tax initiative is a big deal

Apr 15, 2016 15:16 pm UTC| Insights & Views Law

Public outcry over revelations in the Panama papers about global levels of tax dodging has led to political action. Europes five largest economies the UK, France, Germany, Italy and Spain have agreed to new transparency...

Panama Papers Series

Should all politicians publish their tax returns? Here's what we might find

Apr 14, 2016 08:04 am UTC| Insights & Views Law Politics

Public pressure has forced Britains prime minister, David Cameron, to publish a summary of his taxable income, and a string of UK politicians have followed suit. The moves comes in the wake of the Panama Papers data leak,...

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Economy

Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets

Asian technology and chipmaking stocks fell sharply on Monday as investor caution intensified over growing uncertainties surrounding artificial intelligence (AI) spending and its impact on future earnings. The sell-off...

China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand

Chinas economic momentum showed further signs of strain in November as key indicators pointed to slower growth in industrial output and a sharper-than-expected slowdown in consumer spending, according to official data...

Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns

Oil prices edged higher on Monday, recovering part of last weeks sharp decline, as rising geopolitical tensions between the United States and Venezuela fueled concerns over potential supply disruptions. These worries...

Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks

The U.S. dollar remained under pressure on Monday, extending losses near a two-month low, while the euro and British pound held relatively steady as investors awaited a series of critical central bank decisions this week....

Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious

Asian stock markets opened the week lower as investors reduced risk exposure amid thin year-end liquidity, looming central bank decisions, and a packed schedule of delayed economic data releases. Early Monday trading saw...

Politics

Special Prosecutor Alleges Yoon Suk Yeol Sought North Korea Provocation to Justify Martial Law

A South Korean special prosecutor has accused former President Yoon Suk Yeol of attempting to provoke North Korea into an armed confrontation as part of an alleged plot to justify the declaration of martial law in December...

Supporters Gather Ahead of Verdict in Jimmy Lai’s Landmark Hong Kong National Security Trial

Supporters of Hong Kong democracy activist and media tycoon Jimmy Lai queued overnight outside the citys High Court on Monday as anticipation grew ahead of the verdict in his landmark national security trial, a case that...

Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership

Korea Zincs board is set to convene on Monday to vote on a major overseas investment plan that could significantly strengthen the supply chain for critical minerals in the United States. According to a source familiar with...

Hong Kong Democratic Party Disbands After Member Vote Amid Security Crackdown

Hong Kongs last major opposition party, the Democratic Party, has voted to disband, marking a significant moment in the citys political history and underscoring the impact of Chinas national security crackdown on liberal...

Ukraine’s NATO Concession Unlikely to Shift Peace Talks, Experts Say

Ukraines recent offer to abandon its long-standing ambition to join NATO is unlikely to have a major impact on ongoing peace talks with Russia, according to several foreign policy and security experts. During discussions...

Science

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures

iRobot, the company behind the popular Roomba robotic vacuum cleaner, has filed for Chapter 11 bankruptcy protection in the United States as it prepares to go private through an acquisition by Picea Robotics, its primary...

Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges

Nvidia is evaluating whether to expand production capacity for its powerful H200 artificial intelligence chips after demand from Chinese customers significantly exceeded current supply, according to multiple sources...

SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles

SpaceX has reportedly begun the early stages of preparing for a potential initial public offering (IPO), marking a significant milestone for the private aerospace company founded by Elon Musk. According to a report from...

SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation

SpaceX, the aerospace company founded by Elon Musk, has reportedly authorized an insider share sale that places its valuation at approximately $800 billion, according to a Bloomberg News report published Friday. The move...

Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand

Mizuho Securities has raised its price target on Broadcom Inc. (NASDAQ: AVGO), highlighting accelerating momentum in the companys artificial intelligence business and a rapidly expanding long-term backlog. The brokerage...