Miroslav Palanský, Charles University Tax havens have become a defining feature of the global financial system. Multinational companies can use various schemes to avoid paying taxes in countries where they make vast revenues. In new research, my colleague Petr Janský and I estimate that around US$420 billion in corporate profits is shifted out of 79 countries every year. This equates to about US$125 billion in lost tax revenue for these countries. As a result, their state services are either underfunded or must be funded by other, often lower-income taxpayers. It contributes to rising inequality both within countries and across the…
Author: Pride Team
Kamal A Munir, Cambridge Judge Business School and Hamza Mudassir, Cambridge Judge Business School Traditional banks are haunted by financial technology – fintech – firms. Challengers such as mobile-first banks Chime in the US, Monzo in the UK and Germany’s N26 have been around for a number of years now, but big global and regional banks are still struggling to deal with the competition. While fintechs experience a goldrush of investment – US$111 billion in 2018, up from US$51 billion in 2017 – banking CEOs find themselves under increasing pressure from shareholders alarmed at the slow rate of change taking…
Reading 1 Hg 1:1-8 On the first day of the sixth month in the second year of King Darius, The word of the LORD came through the prophet Haggai to the governor of Judah, Zerubbabel, son of Shealtiel, and to the high priest Joshua, son of Jehozadak: Thus says the LORD of hosts: This people says: “The time has not yet come to rebuild the house of the LORD.” (Then this word of the LORD came through Haggai, the prophet:) Is it time for you to dwell in your own paneled houses, while this house lies in ruins? Now…
Diahann Carroll, the American singer and actress who was popularly known for her pioneering and history-making roles on Julia and Dynasty, has passed on at 84 after her battle with cancer. The news of her death on Friday, October 4, was shared by her daughter, Suzanne Kay. Her daughter who told The Associated Press her mother died Friday in Los Angeles of cancer. expressed sadness over her mother’s death: “We are sad to say goodbye to a true icon, Carrol.” Carroll was an Icon who earned a Tony Award for the musical ‘No Strings’ and an Academy Award nomination for ‘Claudine’…
Siobhan O’Flynn, University of Toronto Google recently agreed to pay a US$170 million fine for illegally gathering children’s personal data on YouTube without parental consent, which is a violation under the Children’s Online Privacy Protection Act (COPPA). The United States Federal Trade Commission and the New York State Attorney General — who together brought the case against Google — now require YouTube to obtain consent from parents before collecting or sharing personal information. In addition, creators of child-directed content must self-identify to restrict the delivery of targeted ads. The $170 million fine is a pittance given Alphabet Inc.’s (Google’s holding…
This week, we’ve curated our favourite fashion styled looks found on Instagram from the most stylish pages. Check them below. View this post on Instagram A post shared by Bengine Beauty (@bengine.eliscar) on Sep 24, 2019 at 12:59pm PDT View this post on Instagram A post shared by E S T A R E (@estaregrams) on Sep 27, 2019 at 11:55am PDT View this post on Instagram A post shared by Chinyere Chi-Chi Adogu ???? (@the_real_chi) on Oct 1, 2019 at 5:50am PDT View this post on Instagram A post shared by…
Oludayo Tade, University of Ibadan As the commercial nerve centre of Nigeria, Lagos naturally draws lots of people to it – good and bad. With an estimated population of 21 million, fighting crime in Nigeria’s former capital territory is a tough job. Violent crimes such as armed robbery, kidnapping, rape and gang-related crimes are common in the Lagos megacity. Owing to this, the state government has invested significantly in modern policing capabilities, while also recognising and regulating the traditional crime-fighting structures. But it’s a complicated business. The state has 20 local governments and 37 local council development areas. Coordination is…
Amber Guyger has been sentenced to 10 years imprisonment for killing her neighbour, Botham Jean, in his apartment. Botham Jean’s death was one that caused a major ruckus and outrage in the US because it was yet another crime committed by the police against black people. This time, unlike the other stories that seem to follow an orthodox script of an unarmed black man killed on the street, this was done in his home. The said police officer, Amber Guyger, entered into his apartment and shot him. Although, she claims she mistook his apartment as hers and believed he was…
Traditional and Contemporary focuses on Ankara fabric spliced with contemporary tailoring. African fashion has taken a spike in creative designing over the years and we are ultra-excited to be documenting its progress one stylish picture at a time. Every Fashion Friday, we’ll be surfing through social media streets to find design inspirations for our Pride Woman (which is you, by the way). See our weekly style catalogue. View this post on Instagram A post shared by Ankara Styles by Mrs Bubu (@ankarastyles) on Oct 3, 2019 at 6:25am PDT View this post on Instagram A post shared by Ankara…
Andrew L. Webb, University of Manitoba; Brayden G. Schindell, University of Manitoba; Jason Kindrachuk, University of Manitoba, and Jia B. Kangbai, Ludwig Maximilian University of Munich The current Ebola disease outbreak in the Democratic Republic of the Congo (DRC) is the second largest in history. It has been raging for over a year with no indication that it is nearing an end. Many of the issues that prevent effective containment of Ebola disease outbreaks have been discussed. These include porous borders, community mistrust of health workers, and the spread of misinformation. But one area that requires further study is Ebola…