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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

The new tax laws planned in wake of Panama Papers – and the crucial role of public opinion

Apr 14, 2016 07:35 am UTC| Insights & Views Law

The fallout from the Panama Papers data leak has been manifold. Amid the furore over his financial dealings, the British prime minister, David Cameron, has announced fresh proposals to counter tax avoidance and evasion....

Panama Papers Series

Panama Papers force tax authorities to act: but what took so long?

Apr 14, 2016 07:32 am UTC| Insights & Views Law

The Australian Taxation Office is reported to be playing a lead role in sharing intelligence between tax officials from OECD countries, as part of the continuing fallout from the revelations of the Panama Papers. The Joint...

Panama Papers Series

Was Scotland's Darien disaster the first great Panama financial scandal?

Apr 12, 2016 13:53 pm UTC| Insights & Views

The leak of the Panama Papers has brought to light elite tax avoidance and evasion on an unprecedented scale and has had important political ramifications. But this is not the first time that Panama has been at the heart...

Panama Papers Series

Panama Papers: media attacks on Cameron may have more to do with Brexit than banking

Apr 12, 2016 12:59 pm UTC| Insights & Views Politics

In an era in which public trust of traditional media is slowly rising from the low point of the phone-hacking scandals and the Leveson inquiry, the Panama Papers has brought us evidence of just how potent sustained,...

Panama Papers Series

Panama Papers show how easy it is to finance terror using U.S. shell companies

Apr 12, 2016 12:46 pm UTC| Insights & Views Law

The Panama Papers have exposed the largest financial crime scandal of our lifetimes. But what has been uncovered by the Panama Papers is much more dangerous than simply greed and corruption. For those of you who have...

Panama Papers Series

Panama Papers: why we're looking at global corruption the wrong way

Apr 12, 2016 11:59 am UTC| Insights & Views Politics Law

Although the size and scale of the Panama Papers leak was shocking, the offshore dealing they revealed was hardly a surprise. After all, many organisations, including Transparency International, Global Witness, Action Aid,...

Panama Papers Series

Briferendum Series

David Cameron's Panama nightmare cuts to the core of his image problem – as EU referendum looms

Apr 08, 2016 16:24 pm UTC| Insights & Views

What a long week its been for David Cameron. And as with so many political crises, when this one began, it apparently had little to do with him at all. While the super-rich have long been criticised for creatively...

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Economy

Asian Stocks Slide as U.S.-Iran Fighting Lifts Oil Prices

Asian stock markets fell on Monday as renewed U.S.-Iran fighting heightened geopolitical risks, pushed oil prices higher and added to inflation concerns at a time when investors are increasingly pricing in another Federal...

Gold Prices Rebound as Fed Rate Hike Bets Rise

Gold prices edged higher on Monday, recovering slightly after a sharp selloff in the previous session as investors reassessed the Federal Reserves interest rate outlook following Chair Kevin Warshs hawkish comments on...

Ukraine Seeks Early EU Funds to Cover $27B Defence Gap

Ukraines new Defence Minister Yevhenii Khmara has pledged to give Kyivs international partners a clear strategy for fighting Russia as the government seeks additional financing to address a $27 billion military budget...

Canada Backs €100B Global Defence Bank as G7 Support Lags

Canadian Prime Minister Mark Carney is backing plans for a new global defence bank designed to accelerate military investment, although several major economies have yet to join ahead of a planned charter signing this...

US Stock Futures Fall as Iran Strikes, Fed Rate Fears Rise

U.S. stock futures moved lower Sunday evening as renewed military tensions between the United States and Iran pushed oil prices higher, while investors remained concerned about the Federal Reserves increasingly hawkish...

Politics

Nepal Seeks More China Glacier Data After Deadly Himalayan Flood

Nepal is pushing for stronger disaster data-sharing with China after a catastrophic Himalayan glacier collapse triggered floods and mudslides that killed nearly 800 people across both countries and left more than 3,000...

Iran Targets U.S. Forces in Jordan as Missiles Intercepted

Iran launched missile attacks targeting U.S. forces stationed in Jordan on Sunday, marking a fresh escalation in tensions between Washington and Tehran as military exchanges resumed across the region. Fox News reporter...

Iran’s Khamenei Urges Muslim, Gulf Unity Against ‘Real Enemy’

Irans Supreme Leader Mojtaba Khamenei has called on Muslim countries, particularly Gulf Arab states, to strengthen unity and confront what he described as their real enemy, arguing that divisions across the Islamic world...

U.S. Strikes Iranian Launchers on Larak Island

U.S. forces struck two Iranian launchers on Larak Island after detecting preparations by Irans Islamic Revolutionary Guard Corps (IRGC) to deploy sea mines into the Strait of Hormuz, Reuters reported, citing a U.S....

Ukraine Eyes US Investment for New Defence Tech Fund

Ukraines former defence minister Mykhailo Fedorov is seeking investment from the United States for a proposed defence technology fund focused on developing next-generation weapons systems, according to a Financial Times...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Faraday Future Delivers First Robots in Middle East, Plans September Launches

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) has completed its first robotics sale and delivery in the Middle East, marking an early milestone in the electric vehicle and AI technology companys regional...

Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns

Pinterest Inc. (NYSE: PINS) shares fell sharply in after-hours trading on Friday after the social media company announced the resignation of Chief Financial Officer Julia Brau Donnelly, prompting investor attention on the...

PayPal Shares Sink as $50 Billion Takeover Bid Collapses

PayPal Holdings (NASDAQ: PYPL) shares plunged in extended trading after a consortium led by private equity firm Advent International and payments giant Stripe reportedly ended its pursuit of the digital payments company....

Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns

Nvidia has temporarily halted some deals tied to a recently introduced financing program for artificial intelligence cloud companies, amid internal concerns that the arrangement could attract greater antitrust scrutiny,...

Google Changes EU Spam Policy Amid Antitrust Scrutiny

Google has revised its spam policy in Europe after concerns from European Union regulators raised the possibility of a significant antitrust fine for Alphabet, the search giants parent company. The company said Friday that...