Headlines

Americas

Looking back on Peru’s Shining Path

FORTY YEARS ago this week, on the eve of a presidential election that ended a military dictatorship, five masked intruders set fire to the ballot box in Chuschi, a village in the Ayacucho region of the Peruvian Andes. Their action kicked off modern Latin America’s strangest and most brutal guerrilla insurgency, the 12-year terrorist war of Sendero...

Nothing can shake AMLO’s fossil-fuel fixation

THE PANDEMIC has given environmentalists some cause to cheer. Demand for fossil fuels has plunged. Dispatches of solar and wind energy are up a bit. In Mexico the weather is bright and breezy but the mood in the renewables industry is anything but. Instead of taking advantage of the pandemic to speed up the shift from oil to renewable energy, the country’s...

Latin America’s economic plight is getting worse

IN SãO PAULO 91% of intensive-care beds in hospitals are occupied even as cases of covid-19 soar. The city has declared a four-day public holiday to reduce travel. In poorer parts of Brazil, such as Fortaleza and Manaus, hospitals are even fuller. Much the same goes for Peru and Mexico. In Chile, which seemed to have been controlling the coronavirus,...

Latin America ponders how to fight “obstetric violence”

“COME ON, SMILE! This is the most important day of your life.” The midwife was upbeat. But Agustina, a 38-year-old comedian and brand-new mother, was shaken. It was 2012; she had just undergone a Caesarean section at a hospital in Argentina. Her obstetrician, she believes, had made the surgery more likely by inserting hormones into her vagina during...

How the world’s premier public-health agency was handcuffed

IN 2014 TOM FRIEDEN, the head of the Centres for Disease Control and Prevention (CDC), appeared almost daily to brief the public about the Ebola virus, the last pandemic to hit the United States before the coronavirus. His agency formulated policy for dealing with Ebola, and also embodied it. The CDC trained 6,500 people in America and 25,000 in West...

Asia Pacific

SANNE appoints new business development director in Tokyo

Makoto Nagao, has been appointed to the newly created role of Director, Business Development adding further strength to SANNE’s Asia-Pacific business. With more than 35 years of experience, Nagao-san brings a wealth of knowledge, following a lengthy career with Sumitomo Mitsui Financial Group, SMFG. While he was at SMFG, Nagao-san was General Manager...

Crayfish.io launches UK’s first funded initiative to get businesses China-ready

A ground-breaking initiative with a £500k investment fund dedicated to helping UK businesses get ‘China-ready’ has been launched in Cambridge by global online platform, Crayfish.io. Starting in September, the Crayfish China Accelerator programme  - which has secured UK-China Enterprise Ltd (UKCE), a Chinese-capital-backed VC fund, as its...

SANNE opens new office in Mumbai, India

SANNE, a leading global provider of alternative asset and corporate services has further extended its global reach with the opening of a new office in Mumbai, India. With existing offices in 18 leading international finance centres, SANNE now has a local presence in one of the world’s fastest growing alternative markets and is also pleased to announce...

SANNE secures new bookkeeping licence in China

SANNE, a leading global provider of alternative asset and corporate administration services obtains new bookkeeping licence in China boosting its already strong proposition. The new licence expands SANNE’s existing product offering in China, adding bookkeeping, accounting and tax preparation services for Chinese registered entities. Jing Jing...

SANNE appoints Country Head to lead its Singapore business

Adding further expertise and knowledge to its APAC business As a leading global provider of alternative asset and corporate business services, SANNE is pleased to announce the appointment of David Fowler to the role of Country Head − Singapore with immediate effect. Based in SANNE’s Singapore office, David will be taking over the role from Valérie...

Europe

Augusta raises additional $115m for litigation and dispute funding

Investment in response to growing demand from lawyers Augusta, the UK’s largest litigation and disputes funder by case volume announces it has raised a further US $115m from a multi-billion-dollar US-based investment manager. In 2018, Augusta secured £150m from a global investment fund, to finance business growth and investment in funding cases....

An affiliate of Sun European Partners announces that it has completed the sale of Famosa

Sun European Partners, LLP (“Sun European Partners” or “Sun”) today announces that one of its affiliates has completed the sale of Fábricas Agrupadas de Muñecas de Onil, S.A. (“Famosa” or “the Company”), a leading designer, developer, manufacturer and distributer of toys in Spain and throughout the world, to Giochi Preziosi S.p.A..  Famosa,...

Huge Tax Changes for Self-Employed Following Publication of New Legislation

On 11 July 2019, the Government published draft legislation outlining the IR35 changes coming to the private sector, which are expected to affect 250,000 businesses. The reform will impact users and suppliers of personal service company contractors in the private sector. Companies have only nine months to plan for the new off-payroll changes, as they...

Young people pick their banking partners for the future

Battle of the brands Generation Z calls the brands it will bank on in 2030 Britain Banks most trusted for handling payments and safe storage of dataTech brands first choice for creating smart, real-time servicesAs a sector, financial services scores poorly for ethics and positive social impact More than two in five young people (43%) believe that...

Alcentra Closes Significant Capital Raise for its European Direct Lending Strategy

Record €5.5 billion raise reflects strong investor demand, Alcentra’s track record of deployment and returns Alcentra, one of Europe’s largest and longest tenured managers of private debt and part of BNY Mellon Investment Management, has announced the close of its latest European direct lending capital raise. The firm has raised €5.5...

Mena

A Virus-Hunter Falls Prey to a Virus He Underestimated

“This is the revenge of the viruses,” said Dr. Peter Piot, the director of the London School of Hygiene and Tropical Medicine. “I’ve made their lives difficult. Now they’re trying to get me.”Dr. Piot, 71 years old, is a legend in the battles against Ebola and AIDS. But Covid-19 almost killed him.“A week ago, I couldn’t have done this...

Burundi’s Ruling Party Candidate Wins Presidency

NAIROBI — Burundi’s ruling party candidate, a retired general, has won the presidential election, the country’s electoral commission said on Monday amid accusations of vote-rigging by the leading opposition challenger.The commission said Evariste Ndayishimiye had won 69 percent of votes cast and the opposition candidate, Agathon Rwasa, 24 percent.The...

Mory Kante, Million-Selling African Singer and Bandleader, Dies at 70

Mory Kante, a Guinean singer, kora player and bandleader who built a worldwide audience for music rooted in West Africa, died on Friday in Conakry, Guinea. He was 70.Mr. Kante’s manager, Juan Yriat, said he died in his sleep after suffering chest pains earlier in the day. No official cause of death has been announced.Mr. Kante came from a family of...

Why the Call to Prayer Made Me Cry This Ramadan

Abdi Latif Dahir is a Kenyan who was appointed the East Africa correspondent for The New York Times last year. He has fasted every day of Ramadan since he was 9 years old.The call to prayer rang on a recent afternoon from Jamia Mosque, a landmark in downtown Nairobi with green and silver domes and multiple minarets. There should be worshipers converging...

A Ramadan Like No Other for an East Africa Correspondent

Abdi Latif Dahir is a Kenyan who was appointed the East Africa correspondent for The New York Times last year. He has fasted every day of Ramadan since he was 9 years old.The call to prayer rang on a recent afternoon from Jamia Mosque, a landmark in downtown Nairobi with green and silver domes and multiple minarets. There should be worshipers converging...

International

Carbon offsetting is essential to tackling climate change

WHEN COMPANIES that depend on emissions, such as easyJet, an airline, use offsets sold on private “over the counter” markets to claim carbon neutrality it is hard not to be reminded of the indulgences sold by the medieval Catholic church that helped sinners to go on sinning guilt-free. But the recent emphasis on “net zero” economies has made...

The world urgently needs to expand its use of carbon prices

IF ECONOMISTS ruled the world, carbon prices would drive most of the action on climate change. Polluters would pay for the negative externality their emissions inflict on the planet. There might be differences on the method of payment—some might lean more towards taxes, others towards the permits used in “cap and trade” schemes. But the idea that...

Covid-19’s blow to world trade is a heavy one

THE 2010S WERE not a happy decade for proponents of global trade. Though fears of an increase in protectionism following the financial crisis of 2007-09 did not materialise, nor did the growth of the 1990s and 2000s re-establish itself. Finance was tamer; China was richer and developing its internal market; transport was no longer getting cheaper. As...

Businesses are proving quite resilient to the pandemic

IF A VENGEFUL deity were to design a weapon to wield against the global supply chains that characterise modern business, it might well hit on a virus which hit production facilities all around the world. In the face of covid-19, though, the sinews of business have, for the most part, held up remarkably well. Air freight has suffered, but shipping has...

As China goes global, its banks are coming out, too

AMERICAN BANKERS make for bold bosses. From his roomy office in Manhattan, in early February, the boss of one of the country’s biggest suggested he has few serious rivals—and all are just a few blocks away. “US banks continue to gain share from European banks.” Asia barely gets a mention. “Chinese institutions have generally proven incapable...