Section: News & Summaries

      #PanamaPapers: Europe’s banks face scrutiny

      Banking watchdogs across Europe are checking whether lenders have ties to a massive document leak from Panama. ||| Geneva – Banking watchdogs across Europe have begun checking whether lenders have ties to a massive document leak from Panama that showed how offshore companies are used to stash clients’ wealth. Switzerland’s...

      Bulgaria`s Overgas takes Gazprom to court over gas supply halt
      Apr08

      Bulgaria`s Overgas takes Gazprom to court over gas supply halt

      Bulgaria`s natural gas provider Overgas has taken Russian gas giant Gazprom to arbitration court over the sudden halt to natural gas supplies to the private company as of January 1, senior company officials said on Thursday, according to Reuters. Overgas Deputy Chief Executive Svetoslav Ivanov said the firm had taken Gazprom to court for...

      IS attacks: seven killed, 15 injured in Sinai blasts
      Apr08

      IS attacks: seven killed, 15 injured in Sinai blasts

      At least five Egyptian soldiers, a military officer and a civilian woman were killed, and 15 injured, on Thursday in the Sinai peninsula, after armored personnel carriers exploded in two separate incidents, security and medical sources said, according to Reuters.Islamic State claimed responsibility for the attacks on several websites, Reuters...

      Russian proxies attack Ukraine troops 70 times in last day
      Apr08

      Russian proxies attack Ukraine troops 70 times in last day

      The combined Russian-separatist forces attacked Ukrainian army positions in eastern Ukraine 70 times in the past 24 hours, using different types of weapons, according to the press center of the Anti-Terrorist Operation (ATO).In the Donetsk sector, the militants fired 120mm and 82mm mortars, grenade launchers, machine guns and small arms on ATO...

      NBU strengthens official exchange rate to UAH 25.80 to dollar
      Apr08

      NBU strengthens official exchange rate to UAH 25.80 to dollar

      The National Bank of Ukraine on Thursday evening strengthened the official hryvnia exchange rate by 15 kopiykas, bringing the national currency to UAH 25.80 to the dollar.The Central Bank set the following official exchange rates of the hryvnia against leading foreign currencies for April 8:$100 costs UAH 2,580.1289 (on April 7, it was UAH...

      BBC: David Cameron had stake in father`s offshore trust
      Apr08

      BBC: David Cameron had stake in father`s offshore trust

      David Cameron has said he and his wife Samantha owned shares in an offshore trust set up by his late father, before selling them for GBP30,000 in 2010, according to the BBC.The PM has faced questions over Blairmore Holdings, an offshore company set up by his late father, Ian, the BBC wrote.He told ITV News he had paid all UK taxes due on the...

      Rothschild says Ukraine president`s trust up to intl standards
      Apr08

      Rothschild says Ukraine president`s trust up to intl standards

      The wealth management arm of Rothschild Group set up a trust it handles for Ukrainian President Petro Poroshenko in line with international standards for the treatment of assets of politicians in office, the company said on Thursday, Reuters reports.Poroshenko has had to defend himself repeatedly against accusations he tried to evade tax after...

      Merkel, Hollande reiterate support for Ukraine-EU Association Agreement
      Apr08

      Merkel, Hollande reiterate support for Ukraine-EU Association Agreement

      Germany and France intend to support Ukraine on its path toward implementation of the Association Agreement with the European Union despite the outcome of the Dutch referendum, according to Reuters.Chancellor Angela Merkel said on Thursday the Netherlands would work out with Europe`s institutions how to proceed with a Ukraine-EU treaty on closer...

      Observer: Panama papers reveal Clinton`s Kremlin connection
      Apr07

      Observer: Panama papers reveal Clinton`s Kremlin connection

      The revelations of the so-called Panama Papers that are roiling the world`s political and financial elites this week include important facts about Team Clinton, according to Observer.Almost lost among the many revelations is the fact that Russia`s biggest bank usesThe Podesta Group as its lobbyist in Washington, Observer reports.The firm is well...

      Putin briefed on collapse of production in Crimea following annexation
      Apr07

      Putin briefed on collapse of production in Crimea following annexation

      Russian President Vladimir Putin was told about the collapse of production in Crimea after the annexation of the Crimean peninsula, according to an UaPosition correspondent in Russia reporting from the Media Forum of regional and local media ”Truth and Justice.”In particular, Putin was informed of the closure after the annexation of many...