One in six UK public procurement contracts had tax haven link, study finds

A beach in British Virgin Islands, one of the tax havens in the study. Photograph: Alamy The Guardian By Pippa Crerar Political editor Exclusive: Labour vows to end ‘Tory procurement racket’ and reward firms that pay taxes responsibly One in every six public procurement contracts issued by the government over a five-year period were won

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German leader seeks energy deals, alliances on Gulf trip

In this photo released by Saudi Press Agency, SPA, Saudi Crown Prince Mohammed bin Salman, right, shakes hands with Chancellor Olaf Scholz, after his arrival in Jeddah, Saudi Arabia, Saturday, Sept 24, 2022. (Saudi Press Agency via AP) By The Associated Press German Chancellor Olaf Scholz arrived Saturday in Saudi Arabia for the first stop

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Tanzania central bank to reduce liquidity to tackle inflation

By Reuters Tanzania’s central bank will reduce liquidity in the economy in September and October to slow rising inflation in the east African country, a statement from the bank’s monetary policy committee (MPC) published on Saturday said. “In the context of … high inflation and commodity prices, which has contributed to rising inflationary pressures in

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Biden vows to impose more ‘swift and severe economic costs’ on Russia for referendums

By Anadolu Agency US President Joe Biden vowed Friday to impose additional sanctions on Russia after Moscow announced referendums in Ukraine. Biden said the US will never recognize Ukrainian territory as anything other than part of Ukraine and referred to Russia’s referenda as a “sham – a false pretext to try to annex parts of

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U.S. sending ‘dangerous signals’ on Taiwan, China tells Blinken

By Reuters China has accused the United States of sending “very wrong, dangerous signals” on Taiwan after the U.S. secretary of state told his Chinese counterpart on Friday that the maintenance of peace and stability over Taiwan was vitally important. Taiwan was the focus of the 90-minute, “direct and honest” talks between Secretary of State

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The Puntland administration opposed the decision of the weak Somali government

File Photo/Somali Times The Puntland regional administration has openly opposed the decision of the Ministry of Fisheries of the Federal Government of Somalia, which was that no one other than the government of Somalia can issue fishing licenses. The Ministry of Fisheries of the Puntland regional government has issued a press release saying that Article

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Nigeria Makes Largest Ever Cocaine Seizure

Authorities in Nigeria seized 1.8 tons of cocaine — Photo Credit: NDLEA By Face2Face Africa The Nigerian drug enforcement agency said it has executed what seems to be the largest cocaine seizure in the history of the West African nation, BBC reported. 1.8 tons of cocaine, estimated to be valued over $278 million (£243 million),

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Sudan ruling general won’t run in elections

Sudan’s General Abdel Fattah al-Burhan, answers questions during an interview, Thursday, Sept. 22, 2022, in New York. (AP Photo/Aron Ranen) By The Associated Press Sudan’s ruling military general, who mounted a coup nearly a year ago, said he will not run in future elections for a civilian-led government, but offered no timeline on when a

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UK downturn deepens, raising recession risk -flash PMI

By Reuters The downturn in British businesses steepened this month as they battled soaring costs and faltering demand, according to a survey on Friday that hammered home the rising risk of recession. Released just as finance minister Kwasi Kwarteng was due to flesh out the economic agenda of new Prime Minister Liz Truss, the S&P

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President Biden hosts Ruto, Rachel in US

The Head of State also revealed that the photo was taken during a reception that was hosted by President Biden: Credit to Photo/Twitter By Daily Nation President William Ruto on Thursday, September 22, 2022, met US President Joe Biden during the 77th session of the United Nations General Assembly (UNGA) in New York, United States

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