Headlines

Americas

Peru and Bolivia are unlikely allies in the war on drugs

IN THE early 1980s Peru’s government founded Ciudad Constitución to be the capital of the country’s Amazon region. Today, it serves as the capital of Peru’s war on drugs. Clandestine airstrips etched into the jungle make the area a hub for smugglers. They form part of an “air bridge”, with small planes flying in from Bolivia to pick...

Donald Trump makes migration Mexico’s problem

ALBERTO opens his wallet to show how little is in it. It contains no money and no bank card, only the identity card issued by the government of El Salvador, from which he has just fled. He left his job as a car repairman in San Salvador, the capital, which paid $100 a month, because members of the MS-13 gang had demanded from him more money than...

The sexual-abuse scandal in the Catholic church will not go away

Unholy shroud CATHOLIC America was already in shock, and then another hammer-blow fell. Two weeks after one of the country’s best-known prelates handed in his cardinal’s hat, amid allegations of molesting young men, a report has documented in sickening detail the sexual crimes that were perpetrated by over 300 priests in Pennsylvania over 70...

West Virginia’s statehouse impeaches the state’s entire Supreme Court

Sofa, not so good NEVER underestimate a successful man’s propensity to waste money on hideous personal items. Justin Bieber, a Canadian troubadour, reportedly spent $15,000 on jewelled tooth covers. Allen Loughry, West Virginia’s chief justice, spent $32,000—slightly less than the average income per person in his state—on a blue sectional...

Another insider account of Trumpland

Eight Cokes and a frown ONE by-product of the Trump administration’s extraordinarily high turnover is likely to be a large number of tell-all books from former staffers. The 45th president has only been in office for a year and a half and yet there are already three such books—by Sean Spicer, James Comey and, now, by Omarosa Manigault Newman....

Asia Pacific

Rachika A Sahay joins HSA Advocates as Partner in the New Delhi office

Rachika A Sahay joins HSA Advocates as Partner to further strengthen the Projects, Energy and Infrastructure and Corporate practices. She will be operating out of the firm’s New Delhi office. Rachika has over a decade of experience in handling a broad range of deals in the energy sector. She also has diverse experience in handling corporate transactions...

Japanese firms step up overseas M&A

Number of deals hits record in first half as smaller companies get into the game With SoftBank CEO Masayoshi Son taking the lead, Japanese companies have been engaging in mergers and acquisitions at record levels. Japanese corporations made 339 overseas mergers and acquisitions during the first half of the current Japanese fiscal year, the highest...

Investcorp adds Deepak Parekh to International Advisory Board

Investcorp, a global provider and manager of alternative investment products, today announced that Deepak Parekh, Chairman of HDFC Limited, Indian’s leading Financial Services conglomerate, has been appointment to Investcorp’s International Advisory Board. Mr Parekh has played a significant role in the development of the financial sector...

South Korea: Making up for lost time

After the impeachment of South Korea’s former president, Park Geun-hye, amid a far-reaching corruption scandal, the country was ready for change. South Korea’s new liberal president, Moon Jae-in, appears set to take on that challenge. Campaigning on a policy platform of job creation, corporate governance and labour market reforms, as well as promises...

Alibaba acquires majority stake In Indian ticketing startup TicketNew

Alibaba Pictures, the entertainment unit of China’s ecommerce major Alibaba Group, has acquired a majority stake in Chennai-based TicketNew for an undisclosed amount. Post-acquisition, Alibaba will have four representatives on TicketNew’s board and the firm’s promoters will have two of their representatives. TicketNew founder and CEO Ramkumar...

Europe

Emma Levén becomes the new group CFO at FundedByMe

Emma Levén, previously CFO at Swedeltaco AB, now becomes a part of the team behind the biggest and fastest growing crowdfunding platform in Scandinavia. She has a background in international growth and listings, and will be a strong addition as Group Chief Financial Officer at FundedByMe prior to upcoming listing at NGM as well as future ventures. "It...

Mediolanum Asset Management Bolsters Investment team capabilities

Astrid Schilo and Inma Conde join Dublin team as part of the firm’s growth ambitions in Europe Mediolanum Asset Management (MAML), the Irish asset management company of the Mediolanum Banking Group, today announced the appointments of Astrid Schilo as Multi Asset Strategist and Inma Conde as Head of Manager Research, in Dublin. Following the hire...

Duncan Ainscough joins Gordon Brothers as Managing Director

Duncan will manage the Valuation and Industrial Division in Europe. Gordon Brothers, the global advisory, restructuring, and investment firm, announced today that Duncan Ainscough has joined the team in Europe to head up the Valuation and Industrial Division. Duncan has deep knowledge and understanding of used equipment markets having held senior...

MEIF investment the jet fuel for logistics firm’s aerospace expansion

OnLogistics Ltd joins growing list of companies to receive finance via the Midlands Engine Investment Fund£350k to be used to recruit 14 more employees and upgrade its distribution serviceInvestment comes at a time of extreme growth for the firm after recently signing a three-year contract with Rolls Royce Control Systems Tamworth-headquartered...

Study ranks Cambridge, Aberdeen and London as the UK's most gentrified cities

New study from GoCompare shows where the biggest changes in public spending, average incomes, and housing prices have taken place.Results surprisingly show Aberdeen ranks higher than London among the most gentrified cities in the UK. Cambridge ranks above all others as the UK’s most gentrified city. In recent years, gentrification has become...

Mena

Kofi Annan, Who Redefined the U.N., Dies at 80

Kofi Annan, a soft-spoken and patrician diplomat from Ghana, who became the seventh secretary general of the United Nations, projecting himself and his organization as the world’s conscience and moral arbiter despite bloody debacles that left indelible stains on his record as a peacekeeper, died on Saturday. He was 80.His death, after...

Kofi Annan, Diplomat Who Redefined the U.N., Dies at 80

BREAKINGKofi Annan, Diplomat Who Redefined the U.N., Dies at 80ImageKofi Annan was the first secretary general to be chosen from the international civil servants who make up the United Nation’s bureaucracy.CreditChristoph Bangert for The New York TimesBy Alan CowellAug. 18, 2018Kofi Annan, a soft-spoken and patrician diplomat from Ghana, who became...

The Saturday Profile: Empowering Teenage Girls in a Traditional Village and Across Morocco

The Saturday ProfileEmpowering Teenage Girls in a Traditional Village and Across MoroccoImageMaryam Montague, who started a program to empower girls in Morocco.CreditNatalie Keyssar for The New York TimesBy Marjorie OlsterAug. 17, 2018DOUAR LAADAM, Morocco — In a tiny Moroccan village on the outskirts of Marrakesh, dozens of teenage girls wrapped...

Keïta Gets 2nd Term as Mali President With Runoff Victory

Keïta Gets 2nd Term as Mali President With Runoff VictoryImagePresident Ibrahim Boubacar Keïta at a polling station in Bamako during Sunday’s runoff election.CreditAnnie Risemberg/Associated PressBy Clair MacDougallAug. 16, 2018BAMAKO, Mali — President Ibrahim Boubacar Keïta of Mali claimed an overwhelming victory on Thursday...

President of Mali Gets 2nd Term With Victory in Runoff Vote

President of Mali Gets 2nd Term With Victory in Runoff VoteImagePresident Ibrahim Boubacar Keïta at a polling station in Bamako during Sunday’s runoff election.CreditAnnie Risemberg/Associated PressBy Clair MacDougallAug. 16, 2018BAMAKO, Mali — President Ibrahim Boubacar Keïta of Mali claimed an overwhelming victory on Thursday...

International

SANNE expands leadership team in Mauritius

SANNE is pleased to announce the appointment of Peter Nagle as SANNE’s new Country Head - Mauritius. Based in SANNE’s Mauritius business, Peter will be responsible for providing expert guidance and support to the local client service leadership teams based on the island. SANNE’s office in Mauritius is the second largest staffed office across...

Against the tyranny of the majority

BY THE age of six, John Stuart Mill had written a history of Rome. By seven, he was devouring Plato in Greek. “This looks like bragging,” his father James told a friend when the boy was eight; “John is now an adept in the first six books of Euclid and in Algebra.” The hot-housing that began at the younger Mill’s birth in 1806 yielded...

The Catalan question continues to divide

They want out VIC, A PROSPEROUS town of 43,000 people about 90 minutes north of Barcelona, is sometimes called “the capital of Catalan Catalonia”. Almost every building in its medieval town square has a banner calling for “democracy” and the release of the detained separatist leaders. “They think that with prison and repression they will...

Spanish institutions are still a work in progress

Rajoy to Sánchez, right to left CRISTINA CIFUENTES, THE PP president of the Madrid regional government since 2015, had vowed “zero tolerance” of corruption, and facilitated a judicial investigation of her predecessor for alleged kickbacks involving the regional water company. In April she resigned, mainly because of the revelation that she...

Spain’s democracy is about to turn 40. How well has it worn?

MANY OF THE photos seem older than they are. In black and white, they show Spaniards wrapped in overcoats, the men with sideburns, the women with perms, voting in a referendum on a new constitution on December 6th 1978. Some 67% of the electorate turned out, of whom 87% voted yes, setting the seal on their country’s swift move to democracy after...