Under 30 College Dropouts The digital world has exposed the startup ecosystem culture it seems. The much glamorised and touted startup ventures by Under 30 individuals apparently raised around $5 billion in funding and it is being reported that many Under 30 persons are involved in scams worth almost $18 billion. College and university drop
No Recognition but Trade goes on Despite having no official relations China is Taiwan’s largest trading partner and the US comes in a close second. Both countries maintain no official relations yet their two way annual trade rose to US $ 328 billion and the ready supply directly from Taiwan of processor chips is a
The French hospitality giant Accor has partnered with a company that appears to have been controlled by the ruling family of Nakhchivan and evidence shared to OCCRP reveals that the Talibov family was likely behind a corporate group that owns a property empire in Georgia worth $270 million.Response from Accor is awaited to date.
It has been highlighted by OCCRP that an audit by Swiss Federal Audit Office revealed that Switzerland is ill-equipped to properly investigate and deter cases of money laundering across multiple economic sectors.One point of vulnerability highlighted was the country’s real estate sector, specifically its land registry, which was noted to be lacking proper surveillance and
Understanding the “United Nations Conference on International Commercial Arbitration” and the “Convention on the Recognition and Enforcement of Foreign Arbitral Awards” in the context of External Trade Disputes Initially, the United Nations Commission on International Trade Law (UNCITRAL) was established by the UN General Assembly on December 17th, 1966 to unify international trade law as
As reported by the Organised Crime and Corruption Reporting Project Switzerland is ill-equipped to investigate or deter money laundering, according to an audit by the country's financial authorities. Switzerland's real estate sector, specifically its land registry, is highly vulnerable to proceeds of money laundering and corruption.
Series - Part I Understanding the “United Nations Conference on International Commercial Arbitration” and the “Convention on the Recognition and Enforcement of Foreign Arbitral Awards” in the context of External Trade Disputes Introduction Credit
Economic Wizard Enriches himself Riad Salameh the Central Bank of Lebanon's Chief since decades once widely acclaimed as an economic wizard now faces the ire of the public due to the worst economic crisis and prolonged depression Lebanon is going through. The economic crisis worsened as cross border trade reduced to a trickle after the
Silicon Banks Collapse This month the Silicon Valley Bank (SVB) collapsed and hot on its heels was the Signature Bank in a grim reminder of the US banking and financial sector rout in 2008 mostly due to the sub prime mortgage phenomena. But people never learn. The entire loan portfolio of SVB was in the
Diplomacy & Dollars The recent embrace between Turkiye (renamed at the UN) and Saudi Arabia culminated in a deposit of $ 5 billion by the Saudi Development Fund with the Central Bank of Turkiye whose net foreign exchange reserves had slumped to less then $ 20 billion this year .No conditions appear to have been
