Category Archives: trade

Hungarian carrier Wizz Air orders 146 new planes worth $17.2bn

Low-cost airline Wizz Air made the scale of its ambitions clear on Wednesday as it announced an order for 146 new Airbus planes, taking its total outstanding orders with the European aerospace company to 282. It currently has 87 aircraft in its fleet.

Continue reading Hungarian carrier Wizz Air orders 146 new planes worth $17.2bn

Advertisements

Venezuela just defaulted, moving deeper into crisis

Venezuela, a nation spiraling into a humanitarian crisis, has missed a debt payment. It could soon face grim consequences.

The South American country defaulted on its debt, according to a statement issued Monday night by S&P Global Ratings. The agency said the 30-day grace period had expired for a payment that was due in October.

Continue reading Venezuela just defaulted, moving deeper into crisis

Cristiano Ronaldo has decided to leave Real Madrid next year

Cristiano Ronaldo has decided to leave Real Madrid at the end of the season, according to reports. Spanish TV show El Chiringuito de Jugones claims that the 32-year-old has already informed Madrid president Florentino Perez of his decision to quit the club next summer.

Continue reading Cristiano Ronaldo has decided to leave Real Madrid next year

Exotic locations, alleged bungs, secret recordings and a basket of sausages: Putin’s friend and a no-show in court for Russia’s landmark state oil bribery case

Aleksey Ulyukayev trial over alleged attempt to solicit payment from powerful Rosneft CEO Igor Sechin in exchange for ending opposition to key merger splits Kremlin

The absence of state TV correspondents at the Zamoskvorechye courtroom offered the first clues. Defendant Aleksey Ulyukayev, Russia’s one-time Economics Minister, appeared shortly after 10am local time. But Igor Sechin – the head of state oil behemoth Rosneft, close confidante to the President Vladimir Putin and a key witness in the trial – did not follow him.

Continue reading Exotic locations, alleged bungs, secret recordings and a basket of sausages: Putin’s friend and a no-show in court for Russia’s landmark state oil bribery case

Five facts about Russian oligarch Oleg Deripaska

MOSCOW (AFP) – The young favourite among the Russian oligarchs of the 2000s, Oleg Deripaska has managed to stay on the right side of President Vladimir Putin and has built up a gigantic business empire, notably in aluminium and energy.

Here are five things to know about the billionaire as his holding company En+ floats on the London stock exchange, the first for a Russian group since the West imposed economic sanctions on the country over the Ukraine crisis.

Continue reading Five facts about Russian oligarch Oleg Deripaska

From Harvey Weinstein to Shakira, the celebrities with offshore interests

Martha Stewart, Madonna and Nicole Kidman are among those named in leaked Paradise Papers documents

They are some of the biggest names in entertainment, and all of them make an appearance in the Paradise Papers. Some do so by name, such as the “Ciccone, Madonna” listed in tiny print among the investors of a Bermuda company, while others are there by dint of the offshore entities they have backed.

Continue reading From Harvey Weinstein to Shakira, the celebrities with offshore interests

Maltese Corruption and Organized Crime Reporter Murdered by Car Bomb

One of Malta’s most prominent investigative journalists – the reporter who uncovered the country’s Prime Minister’s ties to the offshore business scandal revealed by the Panama Papers leak, was killed on Monday in a horrific car bomb attack.

Daphne Caruana Galizia, 53, had just left her home in Bidnija, near Mosta, when a powerful blast broke her rental car into pieces that flew into a nearby field. One of her three sons heard the explosion and rushed outside. He was too late to save his mother.

Continue reading Maltese Corruption and Organized Crime Reporter Murdered by Car Bomb