Dubai throws open the doors for the rich Russians escaping sanctions

Roman Abramovich said to be among those looking for a luxury base in the UAE, which is unafraid to snub the west On the tarmac of Dubai airport, half way along its main runway, a small terminal has been doing brisk business this month. Daily flights have disgorged dozens of Russians – many among theContinue reading “Dubai throws open the doors for the rich Russians escaping sanctions”

Why Billionaire Philanthropy Won’t Solve Anything – Second Thought

You ever notice how oligarchs like Warren Buffet and Bill Gates are cast as these uber-wealthy saviors who are singlehandedly raising the world out of poverty? That doesn’t happen by accident. In this week’s episode, we’re taking a look at the insidious philanthropy scheme billionaires use to make sure their reputation remains squeaky clean. HopeContinue reading “Why Billionaire Philanthropy Won’t Solve Anything – Second Thought”

Chinese real estate developer Evergrande defaults on debt – CBS News

The fate of one of China’s largest real estate developers is in limbo after a major credit rating firm says Evergrande defaulted on major bond debts. CBS News contributor and the founder of Strategy Risks Isaac Stone Fish, break downs Evergrande’s situation and explains how the company got there.

World Cup host Qatar used ex-CIA officer to spy on FIFA

The tiny Arab nation of Qatar has for years employed a former CIA officer to help spy on soccer officials as part of a no-expense-spared effort to win and hold on to the 2022 World Cup tournament, an investigation by The Associated Press has found. It’s part of a trend of former U.S. intelligence officersContinue reading “World Cup host Qatar used ex-CIA officer to spy on FIFA”

As Americans Demand Tax Reforms, Analysis Finds Top 1% Hold More Wealth Than Whole Middle Class

By comparison, in 1990 the top 1% held just 17% of the nation’s wealth—less than half of the middle class’ 36%. As the bombshell Pandora Papers continue to expose dubious details about how the world’s superrich hide their fortunes and avoid paying their fair share of taxes, Bloomberg on Friday published an analysis of U.S. Federal Reserve data revealing that Americans inContinue reading “As Americans Demand Tax Reforms, Analysis Finds Top 1% Hold More Wealth Than Whole Middle Class”

Trump hid over $70 million in losses on his DC hotel, House committee report alleges

Former President Donald Trump’s luxury hotel in Washington, D.C., lost more than $70 million from 2016 to 2020, according to newly released filings that his accountants submitted to the hotel’s landlord, the General Services Administration. While the hotel was losing money, Trump’s annual financial disclosures reported only its revenue, which amounted to $156 million overContinue reading “Trump hid over $70 million in losses on his DC hotel, House committee report alleges”

Ahead of election, Pandora Papers cast shadow over Czech PM

Andrej Babis, who denies allegations about his offshore dealings, is under pressure from Czechs, politicians and media. With days to go until national elections in the Czech Republic, Prime Minister Andrej Babis is trying to shake off criticism following allegations about his business dealings in the Pandora Papers. In the headline-grabbing leak published on Sunday, whichContinue reading “Ahead of election, Pandora Papers cast shadow over Czech PM”

Pandora Papers: Qatar ruling family avoided £18.5m tax on London super-mansion

The Qatar ruling family bought two of the UK’s most expensive houses in a deal that allowed them to avoid £18.5m in stamp duty, leaked documents show. The family bought the properties in central London via offshore companies for over £120m and applied to make them into a 17-bedroom “super-mansion”. There is no suggestion thatContinue reading “Pandora Papers: Qatar ruling family avoided £18.5m tax on London super-mansion”

The Pandora Papers: How the world of offshore finance is still flourishing | Four Corners

In a major international investigation, Four Corners reveals the secrets of the Pandora Papers. For months, more than 600 journalists from around the world, including the ABC, the Washington Post and the BBC, have been working with the International Consortium of Investigative Journalists on this top-secret investigation. One of the biggest data leaks in history,Continue reading “The Pandora Papers: How the world of offshore finance is still flourishing | Four Corners”

Germany: Berlin locals vote to expropriate real estate giants

Berliners cast their referendum votes on whether to nationalize thousands of housing units owned by real estate giants. After counting all votes, over 56% voted in favor of the measure. Voters in the German capital, Berlin, alongside casting ballots for the makeup of the new German parliament and for their local legislature, also took part in aContinue reading “Germany: Berlin locals vote to expropriate real estate giants”

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