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

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The secret wealth and dealings of the world’s elite have been exposed in what is being described as one of the world’s biggest financial data leaks to date

35 current and former leaders from a variety of nations, as well as over 300 public officials are included in the files from numerous offshore companies, which are being called the Pandora Papers.

Key revelations include the King of Jordan secretly acquired 70 million pounds worth of property throughout the US and UK.

What type of individuals have been exposed?

Meanwhile, Britain’s former Prime Minister Tony Blair saved over 300-thousand pounds in stamp duty after purchasing a London office.

The almost 12 million files detail how companies hired wealthy clients to create offshore accounts to save money in tax havens including Panama, Dubai, Monaco, Switzerland, and the Cayman Islands.

More than 100 billionaires featured in the leak, alongside celebrities, rock stars and business leaders.

Meanwhile, the International Consortium of Investigative Journalists, which organised the investigation says the people featured in the Pandora Papers are often using offshore accounts “to enrich their own families, at the expense of their citizens”.

This leak is the latest in a string of similar events, including the FinCen Files, the Paradise Papers, the Panama Papers and LuxLeaks.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Federal Reserve lowers rates amid eased job market

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The Federal Reserve has cut interest rates by a quarter-point, bringing the benchmark rate to a range of 4.5% to 4.75%, as economic growth continues but job gains slow.

The Fed noted that labour market conditions have “generally eased,” even with low unemployment, signalling a more cautious approach amid a stable economic expansion.

The statement marks a shift in Fed language, now saying inflation has “made progress” toward the 2% goal instead of the prior “further progress.”

With inflation holding steady around 2.6%, policymakers aim to keep economic risks balanced, despite pressures from slower job growth.

This rate cut reflects a strategic move to sustain economic momentum while cautiously watching inflation’s gradual trend toward the Fed’s target.

The decision was unanimous, aligning Fed priorities with a balanced approach to support both employment and price stability.

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Trump victory sparks market surge as Wall Street soars

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Donald Trump’s election victory has sparked a massive rally in the stock market.

Banks and industrial companies led the surge as investors bet that Trump’s plans for deregulation and tax cuts will boost economic growth.

Shares of big banks, like JPMorgan and Goldman Sachs, soared as investors predicted fewer regulatory restrictions.

Meanwhile, industrial giants such as Caterpillar and steelmakers like Nucor also hit record highs, reflecting optimism about U.S. manufacturing.

In contrast, clean-energy stocks took a hit, as Trump’s policies are expected to favour traditional energy sectors.

This surge comes amid rising Treasury yields and falling gold prices as investors gain confidence in the transition to a Trump administration.

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Australian Treasurer and RBA chief clash over economy

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A rare dispute has emerged between Australia’s Treasurer Jim Chalmers and Reserve Bank Governor Michele Bullock over the nation’s economic trajectory.

Governor Bullock argues the economy remains overheated, even as growth data shows recent slowdowns.

Treasurer Chalmers, however, warns that sustained high interest rates are “smashing the economy.”

This debate is critical for Australians, as it will influence the future of interest rates and inflation.

Data shows a mixed economic picture: while inflation is down, it’s still above target, and the jobs market remains historically strong.

Ultimately, deciding who’s right may come down to theory and perspective on economic health.

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