Panama Papers: Database of names connected to offshore accounts revealed in leaked information from Mossack Fonseca goes live May 9, 2016 A database containing over 300,000 names connected with offshore accounts has gone live on the internet this evening. The International Consortium of Investigative Journalists (ICIJ), which initially reported on the Panama Papers in April, has launched a searchable database, accessible here. Users can search for specific names, or see lists of the companies and individuals [...]
What will happen if there is a Brexit? Who knows, economists say May 9, 2016 Determining what would happen in the case of a vote for a Brexit on 23 June is incredibly difficult as there are flaws in the information such predictions are based on, a group of economists has said this evening. Speaking at an event hosted by the Institute of Directors (IoD) and the London School of Economics' Alumni Organisation, Dr [...]
Russia and the UK have lowest effective corporate tax rate May 9, 2016 Both Russia and the UK are two of the major global economies which try to tempt businesses with a favourable tax environment. They offer companies the lowest effective tax rates among the world's best economies, according to a study by accountancy firm UHY Hacker Young. Firms in Russia are obliged to pay business tax at 20 per cent, Bloomberg reported. Meanwhile, companies in [...]
Donald Trump will lose and Trumpism will die with him May 9, 2016 Following his decisive victory over senator Ted Cruz in the Indiana primary, Donald Trump is king of all he surveys, now the undisputed Republican nominee for President. A new conventional wisdom has already settled on this stunning turn of events, noting that, while Trump has no chance of victory – like the Barry Goldwater conservative [...]
Saudi Arabia ousts long-serving oil minister Ali Al Naimi sparking fears volatility will return to the oil market May 8, 2016 Saudi Arabia’s dismissal of its oil minister yesterday has sparked concerns that fresh volatility is about to hit the market. The kingdom ousted its long-serving oil minister who was the driver behind Opec's 2014 policy of holding production despite plummeting oil prices. Ali al-Naimi, who held the post from 1995, has been replaced by Khalid Al Falih, chairman of [...]
Panama Papers: Here’s what you need to know ahead of the database release on Monday May 8, 2016 A database packed with information from the Panama Papers leak is due to be released tomorrow, providing authorities worldwide with potentially valuable leads for their investigations. The International Consortium of Investigative Journalists (ICIJ) announced that it would be launching the searchable database about a fortnight ago and wrote in a blog post that the database will contain information [...]
US job openings growth was way lower than expected in April May 6, 2016 Job openings in the US slid back more than expected in April, figures published today showed – after one of the country's weakest quarters in years. The non-farm payroll figure fell to 160,000, against analyst consensus of 200,000 Last month's figures showed an unexpected rise in joblessness – although the number of job openings beat expectations. [...]
How the US passport rule changes affect you, and what you can do about it May 6, 2016 While we were all preoccupied by the elections – both over here and across the pond – the US government only went and made a crucial change to its passport rules. As of 1 April 2016, those travelling from the UK to the US who don't want to apply for a visa because they'll only [...]
Why pro-Europeans should back Brexit – to save Europe from the EU May 6, 2016 The EU could not accommodate our desire for reform, we were told, because to do so would have opened the floodgates to further demands from across our beleaguered continent. After all, had the UK managed to negotiate a good deal with the EU, any of the other 27 nation states would naturally have followed suit. [...]
Yelp share price surges on revenue of $158.6m May 5, 2016 Yelp's share price jumped by 7.75 per cent in after hours trading after it announced revenue of $158.6m (£109.5m) for the first quarter of 2016 – beating analysts' expectations of $155.6m in sales. The online reviewing service posted a loss of $0.20 per share – equating to a net loss of $15.5m, widened from the [...]