News

Chile President Piñera faces impeachment after Pandora Papers leak

Published

3 years ago

October 14, 2021

Chile’s opposition party has launched a bid to impeach President Sebastián Piñera, after his name emerged in an alleged dubious deal in the Pandora Papers leak.

Congressman Tomas Hirsch accused the president of using “his office for personal business”, in his presentation to Chile’s Congress.

Piñera has been accused of arranging the sale of a mining company to a close friend, as part of a deal which hinged on a regulatory decision which went in their favour.

He has denied any wrongdoing.

Details emerged as part of the Pandora Papers leak earlier this month, and Piñera is just one of many world leaders whose financial dealings have been exposed in the leak.

The files suggest President Piñera sold the Dominga mine – a copper and iron project in a fraught environmental area – to a childhood friend in 2010, nine months after he had assumed office.

The leaks also detail an integral payment in the deal was conditional on not establishing an area of environmental protection where the mining company operated, a demand of local environmental groups.

Pandora Papers: Wealth & dealings of world’s elite exposed

News

Boeing’s bad luck continues following Starliner malfunction

Published

14 hours ago

May 7, 2024

Nathan Langridge

Long-awaited first crewed test flight of the new Starliner space capsule was called off over a technical issue that launch teams could not resolve in time.

Originally scheduled for liftoff from Florida’s Kennedy Space Center, the mission aimed to demonstrate Starliner’s capabilities and certify it for regular crewed flights to the ISS, as reported by Reuters.

Money

Will Australia’s foreign investment rule create an economic boost?

Published

14 hours ago

May 7, 2024

Nathan Langridge

Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

News

Is Russia planning a sabotage across Europe?

Published

16 hours ago

May 7, 2024

Nathan Langridge

Intelligence agencies across Europe have issued warnings of a potential plot orchestrated by Russia aimed at sabotaging key infrastructure and destabilising nations.

On this episode of Hot Shots – Russia could be planning a sabotage across Europe, Trump is facing jail, a painting valued over ten million is discovered and Beoing look to ignite the commercial space race.

Ticker’s Ahron Young & Veronica Dudu join to discuss.