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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

Trump's Greenland Gambit Ignites Transatlantic Tariff War: Global Markets on Edge

Tariff Threats Rise Over Greenland Annexation Drive Effective February 1, 2026, President Trump has significantly increased pressure on Denmark by threatening to levy 10% tariffs on major NATO and EU alliesincluding...

Asian Fund Managers Favor Japan, Taiwan, and South Korea for 2026 Amid AI and Chip Boom

Asian fund managers are growing increasingly bullish on Japan, Taiwan, and South Korea, while sentiment toward India has turned negative, according to Bank of Americas January fund manager survey. The shift reflects...

Trump Says $2,000 Tariff Dividend Possible Without Congress Approval

U.S. President Donald Trump said on Tuesday that his administration may be able to issue a $2,000 payout to American citizens without needing approval from Congress, citing the surge in revenue generated from his trade...

Japan Government Bond Rout Deepens as Election Spending Fears Shake Markets

Japans government bond market is experiencing a sharp sell-off as investors react nervously to rising political promises of tax cuts and fiscal stimulus ahead of a snap election. Prime Minister Sanae Takaichis decision to...

WTI Crude Oil Prices Slide as Inventory Concerns and Geopolitical Risks Weigh on Market

West Texas Intermediate crude oil prices declined on Wednesday as traders focused on mounting geopolitical uncertainty and expectations of a build in U.S. crude inventories, which overshadowed supply disruptions from...

Politics

Trump Signs Executive Order to Limit Wall Street Investment in Single-Family Homes

U.S. President Donald Trump on Tuesday evening signed a new executive order designed to curb Wall Street investors from buying and speculating on single-family homes, a move aimed at improving housing affordability and...

Trump’s Greenland Ambition Sparks NATO Tensions, Trade War Fears, and Global Market Turmoil

U.S. President Donald Trump has reignited international controversy by declaring there is no going back on his ambition to control Greenland, a move that has unsettled NATO allies, strained U.S.-Europe relations, and...

Syria Announces Ceasefire With Kurdish Forces as U.S. Pushes Integration Deal

Syria has announced a four-day ceasefire with Kurdish-led forces in the northeast, marking one of the most significant shifts in territorial control since the fall of former president Bashar al-Assad over a year ago. The...

U.S. Plans NATO Staff Reductions, Raising Fresh Concerns Over Alliance Commitment

The United States is planning to reduce the number of personnel stationed at several key NATO command centers, a move that is already heightening concerns across Europe about Washingtons long-term commitment to the...

Trump Says U.S. and NATO Will Reach Agreement on Greenland’s Future

U.S. President Donald Trump said on Tuesday that the United States and NATO will eventually come to an agreement regarding the future of Greenland, emphasizing that any deal would satisfy both Washington and the military...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

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...

Technology

Elon Musk Says Tesla Cybercab and Optimus Production Will Start Slowly Before Rapid Growth

Tesla CEO Elon Musk has cautioned investors and technology enthusiasts that the early production rate of the companys highly anticipated Cybercab robotaxi and Optimus humanoid robot will be agonizingly slow before...

Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10%

Shares of Taiwans Powerchip Semiconductor Manufacturing Corp jumped nearly 10% on Monday following news that U.S. memory chip giant Micron Technology plans to acquire one of Powerchips fabrication facilities in Taiwan,...

Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core

Tesla Inc (NASDAQ: TSLA) is set to restart development of its next-generation supercomputer, Dojo3, marking a renewed push into artificial intelligence infrastructure. Tesla CEO Elon Musk confirmed on Sunday that work on...

South Korea Seeks Favorable U.S. Tariff Terms on Memory Chip Imports

South Korea is moving to secure favorable treatment from the United States on tariffs affecting memory chip imports, following recent trade actions announced by the U.S. government. A spokesperson from South Koreas...

South Korea Sees Limited Impact From New U.S. Tariffs on Advanced AI Chips

South Koreas trade minister said a newly announced U.S. tariff on certain advanced computing chips is expected to have only a limited short-term impact on South Korean companies, while cautioning that future measures could...