Section: Time (USA)
These 5 Facts Explain the Massive Political Fallout from the Panama Papers
Political scandals in Brazil, South Africa, Malaysia and other emerging markets feed the deep suspicions ordinary people have that political and business elites are gaming the system to enrich themselves. Resentment over widening wealth gaps is also fueling populist U.S. presidential campaigns in both parties. Against this backdrop, the...
Panama Papers Revelations Have Only Just Begun, Investigative Editor Says
More explosive revelations will be uncovered in the Panama Papers, including the offshore dealings of hundreds of Americans, according to a lead editor of the nonprofit news organization that helped break one of history’s largest data leaks. The release of 11.5 million confidential documents from the obscure Panama-based law firm Mossack...
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...
Behind the Panama Papers: How the Massive Document Leak Came to Be
A quiet spring weekend was suddenly shattered on Sunday when news of the “Panama Papers” investigation broke. The massive international project involved approximately 400 journalists across 75 countries, plowing through roughly 11.5 million documents from a secretive Panamanian law firm specializing in creating offshore holding companies. The...
Here Are The International Figures Tied to The Panama Papers Leak
The offshore holdings of a dozen current and former world leaders and some of their closest allies have been revealed in a massive leak of information dubbed the Panama Papers. Confidential documents obtained from Panamanian law firm Mossack Fonseca from an anonymous source purports to show how the firm, which has branches across the globe,...
What to Know About the ‘Panama Papers’ Leak
With more than 2.6 terabytes of data comprised of more than 11.5 million documents, the release of Panama-based law firm Mossack Fonseca’s records this week represents one of the largest data leaks in history — bigger than both the intelligence records revealed by NSA whistleblower Edward Snowden three years ago and the U.S. diplomatic...
World Leaders, Businessmen and Celebrities Named in Huge Offshore Accounts Leak
(BERLIN) — An international coalition of media outlets on Sunday published what it said was an extensive investigation into the offshore financial dealings of the rich and famous, based on a vast trove of documents provided by an anonymous source. The International Consortium of Investigative Journalism, a nonprofit organization based in...
The U.S. Plans To Increase Its Troop Presence in Europe in Response to an ‘Aggressive’ Russia
The U.S. plans to increase its troop presence in Europe with the rotation of an armored brigade “in the wake of an aggressive Russia in Eastern Europe and elsewhere,” the military announced Wednesday. “This Army implementation plan continues to demonstrate our strong and balanced approach to reassuring our NATO allies,” General Philip Breedlove,...
Syrian Army Pushes Into ISIS-Held City of Palmyra
DAMASCUS, Syria — Syrian government forces, backed by Russian airstrikes, on Thursday pushed into the ancient town of Palmyra, which has been held by ISIS since May, state TV reported. The advance came after the troops managed this week to capture several hills and high ground around the town, famed for its priceless archaeological site and Roman...
Russian Court Finds Ukrainian Pilot Guilty of Murder
(DONETSK, Russia)— A Russian court on Tuesday found a Ukrainian pilot guilty of complicity to murder in the deaths of two Russian journalists in eastern Ukraine, opening a path to a potential prisoner swap. Nadezhda Savchenko, 34, was serving in a Ukrainian volunteer battalion against Russia-backed rebels when she was captured by separatist...
