Italy seizes $232m in Mafia assets tied to Cosa Nostra
Probe uncovers luxury resorts and offshore wealth as government crackdown targets Mafia networks.
![It’s been 10 years since the Panama Papers leak exposed how the world’s richest hide their wealth. From offshore shell companies to political scandals, the documents revealed a global network of secret finances. [Al Jazeera]](/wp-content/uploads/2026/04/image-1775229416.jpg?resize=770%2C513&quality=80)
![European Commission President Ursula von der Leyen during a press conference in Brussels on April 7, 2025 [Nicolas Tucat/AFP]](/wp-content/uploads/2025/04/000_39E6862-1744043580.jpg?resize=770%2C513&quality=80)
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Why UK’s network of ‘Treasure Island’ tax havens is in trouble
The United States and its allies are determined to squeeze more taxes out of multinational companies.
![Some of these 14 British Overseas Territories - including Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar and Turks and Caicos Islands - started to live off a blend of beach tourism and exotic finance that activists say left both locals and distant taxpayers short-changed [File: Todd Vansickle/Reuters]](/wp-content/uploads/2021/06/AP609466668693.jpg?resize=770%2C513&quality=80)
‘Green’ investments must triple by 2030, report urges
Now is the time to galvanise political and business momentum to invest in nature, environmental experts say.
![Of the total $14.6 trillion in fiscal spending governments allocated for coronavirus pandemic recovery, only 2.5 percent was allocated for green initiatives, a new report has found [File: Kacper Pempel/Reuters]](/wp-content/uploads/2021/05/coal.jpg?resize=770%2C513&quality=80)
Amazon wins $300M EU court battle over back taxes
An EU court annulled a 2017 ruling by the European Commission requiring Amazon to pay $300m in back taxes to Luxembourg.
![Judges at the European Union's General Court said the European Commission did not prove 'to the requisite legal standard that there was an undue reduction of the tax burden of a European subsidiary of the Amazon group' [File: Andrew Kelly/Reuters]](/wp-content/uploads/2021/05/amazon.jpg?resize=770%2C513&quality=80)
How UAE tried to sabotage Qatar’s economy amid the GCC crisis
Rapprochement in the Gulf crisis may finally be in sight, but the blockade has changed Qatar’s economy in many ways.
UAE’s MBZ was known as ‘the boss’ at Banque Havilland
Documents reviewed by Bloomberg News reveal the extent of services the bank provided Crown Prince Mohammed bin Zayed.
![Mohammed bin Zayed, better known as MBZ, is the crown prince of Abu Dhabi and the de facto ruler of the United Arab Emirates [File: Michele Tantussi/Getty Images]](/wp-content/uploads/2020/12/uae.jpg?resize=770%2C513&quality=80)
Moon rising: 8 nations sign lunar settlements, exploration pact
Eight countries have signed a pact to govern lunar exploration, including human settlements on the moon’s surface.
Luxembourg raises $1.77bn in 1st sustainability gov’t bond
Luxembourg will divide the proceeds between green and social projects, a finance ministry official told Reuters.
EU starts legal action against Luxembourg over tax evasion
New EU anti-money laundering rules were approved in May 2018, but Luxembourg is allegedly not yet fully applying them.
EU court says Spain should have freed Catalan MEP to take office
ECJ says Oriol Junqueras, who was sentenced to 13 years in jail over independence bid, enjoyed immunity as MEP.
EU’s new chief diplomat urged to consider Palestine statehood
Josep Borrell should restart the debate over recognising Palestine’s statehood, said Luxembourg’s foreign minister.
