Section: Daily News & Analysis (India)
Panama Papers: Credit Suisse, HSBC dismiss offshore companies, tax avoidance allegations
Credit Suisse and HSBC, two of the world’s largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes. Their comments came a day after a leak of four decades of documents from a Panamanian law firm that specialises in setting up offshore companies showed...
dna Morning Must Reads: From updates on Panama Papers to how West Indies rose from the ashes in World T20
1. Panama Papers: Government sets up multi-agency probe team; Congress terms it cover-up bid According to ICIJ investigations, the mega-rich are using complex offshore structures to own mansions, yachts, art masterpieces and other assets, gaining tax advantages and anonymity not available to average people. Read more here 2. RBI likely to cut key...
Xi Jinping’s family and Panama Papers: China blocks internet search terms, removes stories
China has moved to limit coverage of the massive leak of documents from a Panamanian law firm that may have exposed financial wrongdoing by some of the world’s rich and powerful, blocking some search terms and removing certain stories online. The “Panama Papers” revealed financial arrangements of politicians and public figures...
Ukraine’s President Poroshenko denies breaking law by having secret accounts
Ukrainian President Petro Poroshenko on Monday denied any wrongdoing after documents leaked from a Panama law firm showed him holding three offshore accounts that could be used as tax havens. A year-long worldwide media investigation into a trove of 11.5 million documents found that the former Soviet state’s pro-Western leader had...
‘Madmen’ must not be allowed to get nuclear material, says US President Barack Obama
U.S. President Barack Obama urged world leaders on Friday to do more to safeguard nuclear facilities to prevent “madmen” from groups like Islamic State from getting their hands on a nuclear weapon or a radioactive “dirty bomb.” Speaking at a nuclear security summit in Washington, Obama said there was a persistent and...
Wenger certain of Arsenal future despite growing criticism
Arsene Wenger has “no doubt” he will still be the manager of Arsenal next season despite pressure from the club’s supporters to end his 20-year stay with the north London side. A run of just two wins from their last nine games in all competitions has seen the Gunners knocked out of the Champions League last-16 for a sixth...
International Friendlies: ‘Bale’ less Wales lose 1-0 to Ukraine
Ukraine’s Andriy Yarmolenko scored with a half-volley from a clever set-piece to secure a 1-0 win over Wales as the teams continued preparing for Euro 2016 with a friendly on Monday. Dynamo Kiev winger Yarmolenko, who has been linked with several English clubs, made the breakthrough in the 28th minute after latching on to Ruslan...
Viswanathan Anand draws with Anand Giri in Candidates Chess, crashes out
Indian ace Viswanathan Anand played out a thrilling draw with Holland’s Anish Giri but bowed out of contention for a ticket to the World Championship after the 13th and penultimate round of the Candidates Chess Tournament in Moscow. For the first time in 10 years, there will be a World Championship without Anand, who has won the crown as...
Russia, US agree to speed up Syria peace effort
Russia and the United States agreed at talks in Moscow on Thursday to use their influence over the sides in the Syria conflict to speed up progress towards a political solution. Speaking after a four-hour meeting with Russian President Vladimir Putin, US Secretary of State John Kerry said Moscow and Washington would try in the next few days to...
From Russia with love: Why the Kremlin backs Donald Trump
Donald Trump is a brave pro-Putin political maverick who would end US foreign wars and perhaps lift sanctions on Moscow. Hillary Clinton, however, is a warmonger beholden to the military-industrial complex. Russian state TV, which hews closely to the Kremlin’s world view, leaves little doubt about who Moscow supports in November’s US...
