Section: US & Canada
Dutch Referendum Could Cause Trouble for European Union
A vote will test public opinion on a trade deal between the 28-nation bloc and Ukraine that the Dutch Parliament has already ratified. …read more Source: The New York...
Government and business leaders around the world respond to fallout from Panama Papers leak
FRANKFURT, Germany — Governments around the world tried Tuesday to contain the fallout from the publication of thousands of names of rich and powerful people who conducted offshore financial activity through a Panamanian law firm. China dismissed as “groundless” reports that relatives of current and retired politicians, including President Xi...
Panama Papers: Who Are The Real Victims Of Tax Avoidance and Evasion?
For as long as companies and individuals hide their wealth in offshore firms, developing countries will continue to lose money that could provide basic public services to help lift people out of poverty, experts say. On Sunday night, 11.5 million secret documents, alleged to be connected to Panama-based law firm Mossack Fonseca, were leaked after...
Ukraine president calls 1994 decision to give up nukes a mistake
Ukraine’s decision to cave in to Russia by giving up its nuclear weapons in 1994 was a mistake, president Petro Poroshenko told Fox News in an interview that aired Monday. …read more Source: FOX...
Iceland Prime Minister Resigns Amid Offshore Scandal
(REYKJAVIK) — Iceland’s embattled prime minister has resigned amid a controversy over his offshore holdings, a Cabinet minister said Tuesday as outrage over the accounts roiled the North Atlantic island nation. Prime Minister Sigmundur David Gunnlaugsson, who had denied wrongdoing, is stepping down as leader of the country’s coalition...
Watching the ‘Panama Papers’ News in Russia
Maxim Shemetov / ReutersMOSCOW—After a community of investigative journalists uncovered documents appearing to show that scores of world leaders and public officials could be engaged in money laundering, tax avoidance, and various forms of financial wrongdoing, the disclosures were splashed liberally on front pages around the world. But in...
Global Defense Spending Increases to £1.7 Trillion, But Western Budgets Shrink
Global arms spending has increased to $1.7 trillion but Western militaries are spending less and less, the Stockholm International Peace Research Institute ( SIPRI ) reports. According to SIPRI, the defense budgets have collectively increased by 1 percent in 2015 compared with 2014, with the U.S. retaining the top spot with $596 billion despite...
Iceland PM Quits in Panama Papers Affair
Iceland’s prime minister resigned Tuesday in a wave of massive protests following revelations about his questionable offshore investments. Earlier Tuesday, President Olafur Ragnar Grimsson, who cut short his U.S. visit, refused Prime Minister Sigmundur David Gunnlaugsson’s request to dissolve the government and parliament and call new...
Iceland prime minister resigns after data leak reveals his offshore accounts
The prime minister will tender his resignation amid uproar over his family’s offshore holdings, Agriculture Minister Sigurdur Ingi Johannsson was quoted as saying on local broadcaster RUV, the Associated Press reported.RELATED LINKSHere’s what we know so far about the leaked Panama papers Massive trove of Panama Papers just ‘a small...
Icelandic PM to resign amid offshore holdings controversy
Sigmundur David Gunnlaugsson (Bertil Enevag Ericson, TT, File via AP ) REYKJAVIK, Iceland — Iceland’s embattled prime minister has resigned amid a controversy over his offshore holdings, a Cabinet minister said Tuesday as outrage over the accounts roiled the North Atlantic island nation. Prime Minister Sigmundur David Gunnlaugsson is...
