WORLD


Spencer Woodman, Malia Politzer, Peter Whoriskey  and   Nicole Sadek (ICIJ) 16 August 2022
Photos featured in Architectural Digest stories on the homes of the billionaire Lindemann family offer clues to investigators struggling to reclaim lost cultural heritage and shed light on the secretive private antiquities trade.   The January 2021 issue of Architectural Digest...

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FBI agents were looking for documents relating to nuclear weapons, among others, in the unprecedented search they conducted of the premises of former US President Donald Trump earlier this week in Florida, according to a stunning news report.   Neither the Justice Department, which...

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Masayoshi Son-led SoftBank Group on Wednesday revealed plans to sell nearly 242 million American depository receipts (ADRs) of Chinese behemoth Alibaba, that will help it gain 4.6 trillion yen ($34 billion) in pre-tax gain from the sale.   The Japanese giant, which saw massive losses...

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Jesse Eisinger (ProPublica) 10 August 2022
This story was originally published by ProPublica.   Law professor Lev Menand has a new book out on that strange institution, the Federal Reserve, what it does and how its power and responsibility have grown over time.   Menand is an associate professor at Columbia Law School...

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Moneylife Digital Team 01 August 2022
China's embattled property giant Evergrande has failed to deliver a preliminary debt restructuring plan it had promised by July 31, leading to further concerns about the future of the world's most indebted developer, media reports said.   The real estate company's failure to meet its...

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Expectedly, the US Federal Reserve jacked up its benchmark overnight interest rate by 75 basis points in an effort to tamp down the bristling inflation genie virtually bursting out of the bottle.   The spike in inflation, highest since the 1980s, with "ongoing increases" in borrowing...

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The Cyberspace Administration of China (CAC) on Thursday fined ride-hailing company Didi Global $1.18 billion after a year-long probe that found the company breaking data security and personal information protection laws.   Senior executives Will Cheng Wei and Jean Liu Qing were each...

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Uri Blau (ProPublica) 13 July 2022
This story was originally published by ProPublica.   The cybersecurity firm has invested heavily in top lobbyists and law firms in an effort to lift restrictions on doing business in America. NSO is hoping the Israeli prime minister will raise the issue with Joe Biden when the two...

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Heathrow Airport on Tuesday introduced an unprecedented 100,000 limit on daily departing passengers until September and ordered airlines to stop selling summer tickets as airports battle against a staffing crisis, the media reported.   The dramatic move will impose a maximum limit on...

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Andrea Suozzo (ProPublica) 12 July 2022
This story was originally published by ProPublica.   The Family Research Council (FRC), a staunch opponent of abortion and LGBTQ rights, joins a growing list of activist groups seeking church status, which allows organizations to shield themselves from financial...

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A sensational leaked trove of internal Uber documents has revealed the dark side of the ride-hailing platform, that allegedly broke laws and secretly lobbied governments as it planned to expand globally.   According to The Guardian that accessed 'Uber Files' with over 124,000...

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Students of economics, around 2005, would distinctly remember the book Freakonomics: A Rogue Economist Explores the Hidden Side of Everything by Levitt and Dubner. A bestseller of its time, the book was a phenomenon, igniting young minds to think out of the box, offering compelling and...

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Japan's former Prime Minister Shinzo Abe died on Friday after he was shot while addressing an election rally in the city of Nara, according to state media. "Officials say former Japanese Prime Minister #Abe Shinzo has been confirmed #dead. He was reportedly #shot during a speech on...

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Indian-origin Ramesh 'Sunny' Balwani, the former business partner and 'boyfriend in secret' of Elizabeth Holmes, founder and CEO of healthcare company Therano, has been found guilty of defrauding Theranos investors and patients in the US.   Balwani faced 10 counts of wire fraud and...

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Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world's second largest economy, media reports said.   Shanghai-based Shimao Group failed to pay the interest and principal on a $1 billion bond due Sunday, according...

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Craig Silverman (ProPublica) 04 July 2022
This story was originally published by ProPublica.   The internet giant may have provided Sberbank-owned RuTarget with unique mobile phone IDs, IP addresses, location information and details about users’ interests and online activity.   The day after Russia’s February invasion...

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The Federal Bureau of Investigation (FBI) in the US has offered a reward of up to $100,000 for information leading to the arrest of 'Crypto Queen' Ruja Ignatova.   The FBI, which added her to its 'Ten Most Wanted Fugitives' list, said that Ignatova is being sought for her alleged...

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Paul Kiel (ProPublica) 27 June 2022
This story was originally published by ProPublica.   After a year of reporting on the tax machinations of the ultrawealthy, ProPublica spotlights the top tax-avoidance techniques that provide massive benefits to billionaires.   Last June, drawing on the largest trove of...

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Justin Elliott, Jeff Ernsthausen  and   Paul Kiel (ProPublica) 24 June 2022
This story was originally published by ProPublica.   In the high-stakes world of high-speed, short-term securities trading, investors can reap massive payouts but often face higher tax rates due to the nature of their business. But one of America's richest men somehow earns billions...

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Peter Elkind (ProPublica) 21 June 2022
This story was originally published by ProPublica.   The US Internal Revenue Service (IRS), the Justice Department and Congressional Republicans and Democrats are all trying to put an end to syndicated conservation easements. But with lobbyists like Henry Waxman helping lead the...

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