Woman told to reveal source of ‘unexplained’ 3.2m

She was served with the unexplained wealth order (UWO) by the NCA on Tuesday. Andy Lewis, Head of Asset Denial at the NCA, said it is only the fourth case of a UWO in the UK. “Our investigations are complex and involve careful consideration before we make an application before the court,” Mr Lewis said. “We do not investigate illicit finance based on monetary value alone. This latest order shows that we will act against those who we believe are …

From Trump to Johnson, nationalists are on the rise backed by billionaire oligarchs | George Monbiot

The ultra-rich are benefitting from disaster capitalism as democratic oversight implodes, says Guardian columnist George Monbiot Seven years ago the impressionist Rory Bremner complained that politicians had patrimonial wealth accumulation. The largest fortunes are now made not through entrepreneurial brilliance but through inheritance, monopoly and rent-seeking: securing exclusive control of crucial assets such as service monopolies such as trading hubs, software and social media platforms, then charging user fees far higher than the costs of production and delivery. In Russia, …

In Pete Buttigieg, venture capitalists see a campaign to invest in

VC support for Mayor Pete seems to top that of other Democratic candidates with strong ties to the industry Hes young, hes white, he went to Harvard, and he loves to talk about data. If Pete Buttigieg had a product and a pitch deck, Silicon Valleys lining up to get in on his startups seed round. But with the 37-year-old Buttigieg intent on seeking a position in the gasp public sector, tech industry VCs instead appear interested in investing in …

Democratic National Committee Rejects Proposal For Financial Review Board

The Democratic National Committee , his allies and the members of Rules and Bylaws who voted down Zogby’s proposal on Tuesday reasoned that a new committee would be duplicative.  “I felt at this point that setting up another committee wasn’t really necessary, that we’ve been doing a good job in reaching that process of transparency and we’d see how that process continues,” said Frank Leone, a member of Rules and Bylaws who voted against Zogby’s plan.  Daniel Halpern, co-chair of …

It wont be long: why a Honduran community will soon be under water

Rising sea levels are destroying coastal towns in Honduras and shrimp farms which export to the UK and US are making it worse Eric Pineda runs a modest beachfront restaurant which serves up plates of fresh fish and rice and faces imminent destruction. A recent tidal surge razed the nightclub next door, leaving a pastel pink ruin, and in the past two years, several other businesses between Pinedas property and the Pacific Ocean have been destroyed by sudden waves. Every …

Ministers reject troubled shipyard offer

It also presented legal advice, commissioned by Clyde Blowers Capital, that the proposed deal would be within European rules on procurement and state aid – the extent to which governments are allowed to intervene in support of businesses. That advice has been flatly rejected by the Scottish government, saying it is obliged to seek the lowest cost option. The dispute could lead to it using a clause in the £45m of loan agreements between the Scottish government and Ferguson Marine …

Woodford fund set to stay locked until December

Link said it considered that a suspension until December would give the manager time to reposition the fund’s portfolio into more liquid assets, “In our view, this is a realistic amount of time for Woodford to complete a measured and orderly re-positioning of the Fund’s portfolio of assets, ensuring that there is adequate liquidity whilst preserving or realising the value of the assets,” Link said. “We have concluded that this approach would represent the best outcome in terms of value, …

Brain drain claimed 1.7 million youths. So this country is scrapping its income tax

(CNN)Being young and Polish has never been this lucrative. Poles under the age of 26 who earn less than 85,528 Polish zloty ($22,547) a year will be exempt from the country’s 18% income tax starting August 1. The allowance is generous, considering the average Polish salary stands at just below 60,000 zloty ($15,700) a year. The government said 2 million people will qualify for the benefit. When Poland and seven other central and Eastern European countries joined the European Union …

Trump’s threat to tax French wines labelled ‘completely moronic’

Retaliatory proposal follows Frances announced levy for US technology companies A threat by Donald Trump to tax French wines in retaliation to a proposed levy aimed at big US technology companies is completely moronic, Frances agriculture minister has said. French plans to place a 3% tax on the GAFAs Google, Amazon, Facebook and Apple drew an angry response from the US president, who warned last week that his administration would announce substantial reciprocal action. They shouldnt have done this, Trump …

Johnson to ‘hold out the hand’ for Brexit deal

Media playback is unsupported on your device Media captionBoris Johnson says there is “every chance” the UK can get a deal with the EU Boris Johnson has pledged to “hold out the hand” and “go the extra thousand miles” to strike a new Brexit deal. During a visit to Scotland, the prime minister said the existing withdrawal agreement negotiated with European leaders was “dead” and had “got to go”. However, he said there was “every chance we can get a …