Finance

Americas

Pendo Systems name Ruth Wandhöfer, a globally recognized banking expert, to their Board of Directors

Pendo Systems is proud to announce that Ruth Wandhöfer, Global Head of Regulatory and Market Strategy at Citi, has joined their board. Ms. Wandhöfer is a banking regulatory expert and one of the foremost authorities on transaction banking regulatory matters. Her reputation has been built around her ability to drive regulatory and industry dialogue...

Implications of the money laundering law reform

The amendment to the money laundering law approved in the first debate requires accountants, lawyers and real estate agents to report suspicious transactions made by their clients.Bill 19.951 reforming the Law on Narcotic Drugs, Psychotropic Substances, Drugs of Unauthorized Use, Related Activities, Legalization of Capital and Financing of Terrorism...

Wall Street finishes flat ahead of earnings season, key US-China meeting

It was a fairly flat session on Wall Street overnight, as investors exercised caution ahead of the first-quarter earnings season and a meeting between the US and Chinese presidents later this week. Investors will be focussed on the potentially tense meeting between Donald Trump and Xi Jinping on Thursday and Friday, after Mr Trump held out the possibility...

GLC Advisors Strengthens Advisory and M&A Expertise with Addition of Senior Bankers

Addition of Several Industry Bankers Including Former St. Charles Capital Professionals Deepens Firm’s Expertise and Relationships Across Technology, FIG, Consumer, Retail and Energy IndustriesGLC Advisors & Co., LLC (“GLC Advisors”) is pleased to welcome nine seasoned M&A professionals, including former Partners and professionals of Denver based...

Columbia Threadneedle opens office in Chile

Columbia Threadneedle Investments has opened its first Latin American office in Santiago, Chile. As its first proprietary distribution hub for the Andes (Chile, Peru and Colombia), the new office will serve the asset manager’s institutional and wholesale clients in the region. Columbia Threadneedle has also appointed Santiago Zarauza Riestra...

Asia Pacific

Japan promises to be carbon-neutral by 2050

SUGA YOSHIHIDE, Japan’s new prime minister, came to office in September promising continuity with his predecessor, Abe Shinzo. But in one way he has already distinguished himself: during his first speech to the Diet as prime minister, on October 26th, he promised to reduce Japan’s net emissions of greenhouse gases to zero by 2050, breaking with...

Pakistani journalists find ways to get their stories out

WHEN MATIULLAH JAN was abducted in July outside the school where his wife works, footage from security cameras captured much of what happened. A group of men jumped out of three cars and forced the freelance journalist into one of them before zooming off. At least one of the assailants wore a uniform and carried a gun. What appeared to be a police car...

Sri Lanka’s president is amassing personal power

NEVER SAY Gotabaya Rajapaksa leaves things to chance. After decisively winning the presidential election last November, putting family in charge of important government departments, suspending Parliament and finally winning postponed elections in early August in a landslide for his Sri Lanka Podujana Peramuna (SLPP) and supporting parties, still the...

Singapore’s government helps old food hawkers but not young ones

SOME COUNTRIES build palaces or temples as monuments to their greatness. Singapore builds hawker centres. In these open-air food courts lined with stalls and formica tables it is possible to taste Singapore’s history. Dolloped unceremoniously on a plate or banana leaf or scooped steaming into a plastic bowl, dishes such as roti prata and Singapore...

India’s states and the national government are at growing odds

FOR THREE weeks farmers in colourful turbans pitched camp atop the train tracks that stitch the paddies and wheat fields of Punjab. Brewing chai, roasting chapatis, playing cards or simply dozing, the protesters froze traffic across the state’s entire 2,000km rail network. Their rail roko ended on October 21st, after the state legislature voted to...

Europe

Christos G. TRIANTOPOULOS, member of the Audit Committee and Vasile IUGA, observer to the Audit Committee

By letter dated 07 September 2020, Mr Christos Triantopoulos (General Secretary for Economic Policy at the Ministry of Finance, Hellenic Republic) was nominated by the Government of the Hellenic Republic, by common accord with the constituency of the Kingdom of Denmark, Ireland and Romania, for appointment as a full member of the Audit Committee of...

Einigung über Wandteppich im Schloss Vianden in Luxemburg

Der flämische Wandteppich „Begegnung der Königin von Saba und König Salomon“ aus dem 17. Jahrhundert, der in der Nazizeit aus jüdischem Besitz zwangsversteigert wurde, hat seine endgültige Heimat gefunden. Die Erben der rechtmäßigen Eigentümerin Emma Budge wurden entschädigt.Read More

Schnell, sicher und umweltfreundlich von Tschechien nach Polen

Die Zugstrecke von Dětmarovice über Petrovice u Karviné an die tschechisch-polnische Grenze wird saniert – schon in zwei Jahren werden Bahnreisen von der Tschechischen Republik nach Polen schneller, sicherer und umweltfreundlicher.Read More

EIB begrüßt Startschuss zur Europäischen Rohstoffallianz

On 29 September, EIB Vice-President Ambroise Fayolle took part in the launch of the European Raw Materials Alliance. The creation of this industry-driven alliance is part of the European Commission’s Action Plan on Critical Raw Materials to reduce Europe’s dependency for non-energy raw materials used in industrial value chains through exploration,...

Rettet den Aralsee!

Was mit dem Aralsee passiert, gehört zu den größten menschengemachten Umweltkatastrophen unserer Zeit. Mehr als 33 Millionen Menschen sind unmittelbar von den verheeren ökologischen und wirtschaftlichen Auswirkungen in der Region betroffen. Die Lage ist ernst, aber noch sind die Schäden nicht irreparabel. Deshalb hat die...

Mena

Khalifa Haftar is losing ground and lashing out in Libya

KHALIFA HAFTAR’S self-styled Libyan National Army (LNA) says it will cease fire for what remains of the holy month of Ramadan. But friends of General Haftar say he is doubling down on the civil war he started six years ago. His year-long siege of Tripoli, seat of the UN-backed Government of National Accord (GNA), has intensified of late. Groups loyal...

Saudi Arabia stops flogging

“THE FORNICATRESS and the fornicator—flog each of them with a hundred stripes; and do not let pity for them hold you back from carrying out God’s law.” So says the Koran, which dates back to the seventh century. Prince Muhammad bin Salman, the de facto ruler of Saudi Arabia, is trying to drag the kingdom into the 21st. So on April 25th the government...

Zambia was already a case study in how not to run an economy

“I FEEL YOUR PAIN,” said Edgar Lungu in a televised address on April 24th. The president of Zambia claimed that covid-19 had “thrown into disarray” the country’s finances. He mused about whether the government could afford to pay for pensions, civil-service salaries and medicine. “Where will the money come from?” It is a good question....

How Sudan’s warlords buy their gun trucks

THE TOYOTA HILUX is a sturdy vehicle. That makes it especially popular in Africa. It outsells all other pickup trucks, or “bakkies”, in South Africa. In Mali and Niger smugglers transporting people and goods across the Sahara will accept no alternative, since they can cram 30 people onto one and can still climb a sand dune. It is also a familiar...

Some African politicians risk spreading covid through quackery

Editor’s note: The Economist is making some of its most important coverage of the covid-19 pandemic freely available to readers of The Economist Today, our daily newsletter. To receive it, register here. For our coronavirus tracker and more coverage, see our hub MANY AFRICAN politicians are fighting covid-19 with tools prescribed by science. South...

International

Do Dunkin’ and Arby’s Go Together? Private Equity Group Bets $11 Billion They Do

In one of the largest restaurant deals in more than a decade, Dunkin’ will join some of America’s best-known restaurant chains, including Arby’s and Buffalo Wild Wings, under a single privately held owner.Dunkin’ Brands, the parent of Dunkin’ and Baskin-Robbins, agreed on Friday to sell itself for $11.3 billion, including debt, to Inspire...

Stocks Suffer Worst Weekly Decline Since March

Stocks fell on Friday, dropping for the fourth time in the past five days in a retreat that has added up to Wall Street’s worst week since March, as rising pandemic cases, new shutdowns and a sell-off in large technology stocks all dragged the major benchmarks lower.The S&P 500 fell 1.2 percent Friday, bringing its loss for the week to 5.6 percent....

Boarded-Up Windows and Increased Security: Retailers Brace for the Election

Nordstrom, the high-end department store chain, said it planned to board up some of its 350 stores and hire extra security for Election Day on Tuesday. Tiffany & Company, the luxury jeweler, said “windows of select stores in key cities will be boarded in anticipation of potential election-related activity.” Saks Fifth Avenue said it was “implementing...

For Retailers, a Halloween Shock: It’s Actually Happening

Scott Morris, the co-owner of Morris Costumes in Charlotte, N.C., has slept at the office for the past 50 days — but he isn’t complaining.His company, which distributes Halloween costumes and décor and operates the Halloween Express chain, has been racing to meet demand for a holiday that, earlier this year, seemed as if it might not happen...

How a Century of Real-Estate Tax Breaks Enriched Donald Trump

Twenty-five years before he was elected president, Donald J. Trump went to Capitol Hill to complain that Congress had closed too many tax loopholes. He warned that one industry, in particular, had been severely harmed: real estate.The recent demise of real-estate tax shelters, part of a landmark 1986 overhaul of the tax code, was “an absolute catastrophe...