Headlines

Americas

Brazil’s Lava Jato corruption investigation could self-destruct

IT WAS BRAZIL’S most controversial trial since Tiradentes (“Toothpuller”) was hanged in 1792 for plotting in Minas Gerais against Portuguese colonial rule. In July 2017 Sergio Moro, a crusading young judge, convicted Luiz Inácio Lula da Silva, a popular former president, of corruption, sentencing him to nine years in jail for receiving a beachside...

How Mexico and Canada are trying to bypass Donald Trump

A FEW DAYS before Donald Trump announced that he was not going to act on his threat to impose a 5% tariff on Mexico’s exports to the United States, a group of Mexican and American businessmen had dinner with two American politicians, one local and one national, in a Republican-voting state. The Mexicans produced economic data showing what the cost...

Indigenous Colombians fear losing their hallucinogenic brews

IT IS A wet evening deep in the Amazon rainforest when members of the Koreguaje, a tribe of indigenous Colombians, line up to receive brews of ayahuasca, a hallucinogenic potion made from vines. They are handed out by taitas, or shamans, who have travelled in by boat along a river to reach the jungle. As the brew kicks in, the participants’ stomachs...

Canadians are embracing basketball

PROFESSIONAL BASKETBALL got off to an inauspicious start in Canada. The first game in what would later become the National Basketball Association was played in 1946 at Maple Leaf Gardens between the New York Knickerbockers and the Toronto Huskies. The rules had to be explained to ticket-holders. The Knicks were stopped on their way to the game by a...

The Democratic front-runners respond to the Green New Deal

ONE OF ELIZABETH WARREN’S formative political tangles, which prompted her move from law professor at Harvard to senator from Massachusetts, occurred in 2005 over a bankruptcy reform bill. Ms Warren was concerned about the repercussions for middle-class Americans, especially women, who would have a harder time filing for bankruptcy as a result of the...

Asia Pacific

DLS Law Offices headed by Dipti Lavya Swain merges its practice with HSA Advocates in New Delhi, Mumbai and Bhubaneswar

We are pleased to announce that Dipti Lavya Swain, Founder & Managing Partner of DLS Law Offices is merging his firm with HSA Advocates. DLS Law currently operates from New Delhi and also has a presence in Mumbai and Bhubaneshwar. With over 13 years of work experience, including in top tier firms as a partner, Dipti is a specialist in Private Equity,...

Gaurav Sahay joins HSA Advocates as Partner in the Bangalore office

Gaurav Sahay joins HSA Advocates as a Partner in the firm's Corporate and M&A practice. He will be operating out of the firm’s Bangalore office. Gaurav has over 13 years of experience in advising various domestic and multinational clients on a wide range of legal issues including corporate and commercial laws, antitrust/ competition, intellectual...

Hong Kong Voted as Top International Financial Centre by Global Corporate Services Industry: Vistra 2020 Report

Trend toward onshore and mid-shore jurisdictions continues The latest report on the Corporate Services industry conducted by Vistra, a leading global trust, fund administration and corporate services provider, reveals that the trend toward onshore and mid-shore jurisdiction for doing business is continuing with Hong Kong topping the list, being...

Is China about to change the shape of global trade… again?

For much of 2018, China’s tariff wars with the US dominated media headlines. In 2019 so far, investors are also witnessing increasing signs of a Chinese slowdown, and with it a new approach to economic stimulus by Chinese policymakers. What does this mean for global trade and investment? A potted history: China’s role in the world economy After...

Cabe Malaysia Conference addresses shared global challenges

A number of issues facing the construction industry – the impact of the Hackitt report and future directives of UK legislation; the true value of sustainable buildings and standardisation of contracts – have been debated at a conference in Malaysia, illustrating the fact that many issues are not restricted by geography, but indeed are shared...

Europe

UK manufacturing drops to second place in league table of most attacked industry sectors – 2019 Global Threat Intelligence Report reveals

UK Manufacturing and Technology sectors continue to battle it out for first and second place in the table of most targeted industry sectors by cyber attackers, according to the 2019 Global Threat Intelligence Report (GTIR) from NTT Security, the is the specialised security company and the center of excellence in security for NTT Group....

Ingenious expands institutional funds offering

Luke Burdess appointed Business Development DirectorFollows the board appointments of Jamie Lowe as Managing Director, Institutional Distribution and Will Harrison as Managing Director, Media Ingenious, the leading alternative investment manager that specialises in the Media, Infrastructure, Real Estate and Education sectors, today announces that...

BMO Global Asset Management appoints Stewart Bennett to lead new Global Alternatives offering

BMO Global Asset Management has appointed Stewart Bennett to the newly created role of Global Head of Alternatives. Stewart will oversee BMO Global Asset Management’s newly formed Global Alternatives offering, incorporating its existing private equity, real estate and real estate securities businesses, which will provide investors with a broader...

City of London Group recruits strong I.T. and Change Management candidate Louise McCarthy to forthcoming SME venture, Recognise

City of London Group (CIN.L) continues to strengthen the Board of Recognise with the appointment of Louise McCarthy as an Independent Non-Executive Director (INED).  She joins fellow INEDS Richard Gabbertas and Simon Wainwright. Recognise, a subsidiary of the City of London Group, will offer financial services to the UK SME sector and the...

Corporate carve-outs increasing in prominence across Europe, driven by pressure from activist investors

Corporate divestment activity of European assets is projected to increase for the fourth year running, according the findings of AURELIUS Equity Opportunities’ (“AURELIUS”) annual corporate carve-out survey, with shareholder activism expected to contribute to the rise in activity.  The survey, which canvassed the opinions of AURELIUS’...

Mena

Hundreds of Thousands Flee Congo Violence, in Region Afflicted by Ebola

GENEVA — Hundreds of thousands of people have fled an explosion of ethnic violence in northeastern Democratic Republic of Congo in the past two weeks, the United Nations said on Tuesday, creating a new humanitarian emergency in a region where international agencies are struggling to control an outbreak of ebola.The United Nations refugee agency said...

Grow Faster, Grow Stronger: Speed-Breeding Crops to Feed the Future

Farmers and plant breeders are in a race against time. The world population is growing rapidly, requiring ever more food, but the amount of cultivable land is limited. Warmer temperatures have extended growth seasons in some areas — and brought drought and pests to others. “We face a grand challenge in terms of feeding the world,” said Lee Hickey,...

Dozens Are Killed in Triple Suicide Bombing in Nigeria

KANO, Nigeria — At least 30 people were killed in a triple suicide bombing in northeastern Nigeria, emergency services reported on Monday, in an attack bearing the hallmarks of the Boko Haram jihadist group.Three bombers detonated their explosives late Sunday outside a hall in the town of Konduga, where soccer fans were watching a game on television....

Sudan’s Deposed Dictator Makes First Appearance Since Ouster

KHARTOUM, Sudan — Sudan’s deposed dictator, Omar Hassan al-Bashir, was taken from a Khartoum prison to face corruption charges on Sunday, in his first public appearance since he was ousted from power in April.Appearing in a white robe and turban, as he did for much of his 30 years in power, Mr. al-Bashir was led through the gates of Kober prison,...

Deadly Shabab Explosions in Mogadishu Kill at Least 8

NAIROBI — A car bomb exploded on Saturday at a checkpoint near the Somali Parliament, killing at least eight people and injuring 16 others, medical and police officials said.“We have confirmed eight people killed and 16 others wounded in the blast,” according to a statement issued by Aamin Ambulance, a privately-owned medical transportation service.A...

International

America still leads in technology, but China is catching up fast

A RARE THING happened in an industrial park near Washington, DC, last November. Construction began on a $3bn extension to a semiconductor foundry owned by Micron Technologies, a maker of advanced memory chips, based in Idaho. “A few years ago, opening that sort of extension would have people saying, well, that is going to be moving to China soon,...

Approach Art Investment like a VC to make a profit

If you decided at this very moment to invest in your first work of art, how would you start? You might begin by walking into a gallery in search of an expert, or you might go online to gain an understanding of the kind of works that are appreciating in value. Yet for all that you might research, art is still seen by many as an emotional investment,...

“Flanker” banks are seeking to combine the old and new

AT THE ENTRANCE of the glass-and-chrome headquarters of Bank Leumi in Tel Aviv, look left and you will see Mani House, one of the city’s oldest buildings. From a balcony peers a statue of Theodor Herzl, the Zionist leader known as the Father of Israel. The marriage of historical and modern is fitting for Israel’s oldest bank, established before...

How Singapore’s incumbent banks are preparing for competition

IN 2014, AS ALIBABA was preparing to list in New York, Piyush Gupta, the chief executive of DBS, Singapore’s biggest bank, was watching with growing alarm. Together with his bank’s chairman, Peter Seah, he arranged a meeting with Jack Ma, Alibaba’s founder, and Joseph Tsai, then its chief financial officer. “I walked away scared out of my wits...

In South-East Asia, Grab and Gojek bring banking to the masses

BOTH WERE founded by Harvard Business School graduates, from the same year. Both have apps that have been downloaded more than 100m times. Both started with ride-hailing and expanded into other logistics businesses, such as deliveries and food-ordering. The story of two South-East Asian “deca-unicorns”—fintechs valued above $10bn—is usually...