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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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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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