Category Archives: World News
New Massive Leak of Secret Documents from Bermudian Offshore Law Firm Reveals Tax Abuses and Corruption by Companies and the Global Elite
“Offshore Firm of the Year” Not Alone in Abusing and Profiting from Weaknesses in Corporate Tax Reporting Requirements and Company Ownership Transparency Rules
Equity crowdfunding is presenting an opportunity for businesses to grow their market without putting all their cash and savings into investments. Existing hurdles that inhibit the ability of the average Black American to invest in African businesses have been eliminated. Now, Equity crowdfunding allows any American adult to invest in any business (including start-ups) with any small amount of money. This is a beautiful opportunity for the majority of African American to invest any amount, even $10 into African businesses and benefit from the economic boom of start-ups across Africa. The new methodology also permits consumer influencers to make contributions towards which business gets funding from investors.
An A.M. Best analysis of the global reinsurance industry under the rating agency’s updated Best’s Credit Rating Methodology (BCRM) and its new building block approach revealed that approximately two-thirds of the rated population have the strongest category of balance sheet strength, and that no companies in the entire population fell below the strong category.
On behalf of the World Food Prize Foundation, Akinwumi Adesina – the President of the African Development Bank (AfDB), has been named as the 2017 World Food Prize Laureate by Kim Reynolds Governor of the State of Iowa. Akwinwumi Adesina, upon receipt of the award swiftly dedicated the prize to strengthening food security in Africa through financial support for agricultural entrepreneurs. Receiving the award, the African hero was accompanied by the former president of Ghana – John Dramani Mahama, and former president of Nigeria – Olusegun Obasanjo.
As trade and investment are growingly becoming the language between Africa and other countries across the globe, South Africa and Iran are ready to explore the benefits of business collaborations within the automotive, agriculture, agro-processing, mining, energy, pharmaceuticals and, oil and gas sector. Delegations within these sectors in Iran will be visiting South Africa for the South Africa-Iran Business Forum at the Department of International Relations and Cooperation (DIRCO) offices in Pretoria. The Forum is largely spearheaded by South Africa’s Department of Trade and Industry (the dti) and will look into issues such as investment, trade, and economic development for both countries through a mutual relationship.
Cryptocurrency still seems to be a tough concept to understand following its launch in 2009. Heading to a decade now, cryptocurrency has gained its root across the globe. While some countries have gone ahead to adopt their own cryptocurrencies, Bitcoin stands tall as the most popular cryptocurrency – having 40 percent of the total cryptocurrency market. As difficult it is for a layman to understand this concept, it is also very difficult to explain to a traditional finance person. However, individuals and businesses do not necessarily have to fully understand the concept of cryptocurrencies before enjoying the benefit. CEX.IO has built a long reputation in Bitcoin trade and enhancing a gradual understanding of its client to fully comprehend the concept of cryptocurrencies.
With a 3.6% real GDP growth in Q1 2017, the world economy has remained strong, surpassing the earlier forecast at 3.5% for 2017-2018. This growth, according to Euromonitor International, is and continue to be highly driven by emerging markets which account for approximately 74% of the world’s real GDP expansion, and a predicted share of up to 79% by 2020.
According to preliminary information of market participants, Ukraine exported 808.7 KMT of wheat in July 2017/18 or 11% more than at the same time last year (727.5 KMT in July 2016). So, its exports set a new record for this month, reports UkrAgroConsult.
The founder of Chinese e-commerce giant Alibaba, Jack Ma, during last week’s youth connect Africa summit in Kigali made known that he will be undertaking four projects to support African entrepreneurs, young people and efforts of conservation in Africa.
The regulatory environment is changing based on a society that is more health conscious, advocating for the preservation of life. Increasing of taxes on products such as tobacco, alcohol and now sugar-sweetened beverages are a result of increased lobbying from non-profit organisations who are pushing governments to penalize consumers to protect themselves from themselves by making it relatively unaffordable to purchase these products. By increasing taxes it is assumed that the consumers will use less of the good based on a higher pricing point. The fewer units that are consumed, the less strain on your body and ultimately the longer you live. Raised taxes also benefits the tax man because, from a human nature standpoint, it takes a lot of willpower to kick a habit, let alone reduce your utility threshold. We live in an increasingly stressful world and the products we are told to consume less and less of, sometimes provide the temporary relief we need to get by. A rather controversial but true state of affairs based on our daily trials and tribulations.
Southern Africans seem to be living a dream within the healthcare system. Realities of the healthcare sector within the region is far from what the region exhibits and perceive to have. This discovery came to play when a local Future Health Index, authorized by Philips, showed that only 33% of healthcare professionals in South Africa believe the overall health of South Africans is positive while 80% of the population grade their current health system to be positively; 46% of the South African population think the health system in the country is unintegrated, while 74% of healthcare professionals feel even more strongly about this. The reason for the difference in response between the population and health professionals is related to access to health care. Health professionals largely disagree that their patients have access to care across all phases of the continuum compared with the 19-country average.