While talking about "the biggest scandal in Europe today," EU Justice Commissioner Vera Jourova was referring to recent revelations that Denmark's biggest bank, Danske, via its Estonian subsidiary, had laundered €200 billion ($235 billion) of illicit Russian cash between 2007 and 2015. Danske's CEO Thomas Borgen resigned last week and Denmark's business minister, Rasmus Jarlov, said he expected authorities to fine Danske 4 billion Danish kroner (€550 million), with hefty EU and US fines expected later. Ratings agency S&P said the sheer scale of the scandal had put the Danish government's AAA credit grade at risk. "This is absolutely massive," Oliver Bullough, author of Moneyland, told DW. "We knew widespread money laundering was going on but this confirms it in raw figures. It dwarfs anything we've seen before and given that Latvia was always much worse than Estonia in this regard, we will definitely see more come out." Cash destined for … [Read more...] about Danish scandal reveals UK’s Faustian pact with Russia
Refinance rates for rental property
James Packer has pledged to donate $1million to firefighting in New South Wales. The casino mogul, 52, will give $250,000 a year for the next five years to help the Rural Fire Service buy new firefighting equipment. It comes as the state is ravaged by around 70 fires following Tuesday's 'catastrophic' conditions which saw blazes in suburban Sydney. James Packer (with ex-fiance Mariah Carey in 2014) has pledged to donated $1million to firefighters in New South Wales Residents defend a property from a bushfire at Hillsville near Taree, 350km north of Sydney on November 12 Mr Packer was in May named as the 13th richest Australian with a fortune of around $5billion. His donation plans were announced on Friday in a speech by Daily Telegraph editor Ben English at the Bradfield Oration, an annual event attended by politicians and dignitaries to discuss Sydney's future. In a message read out to the audience, Mr Packer said: 'We, like everybody, are touched by the tragedies and bravery … [Read more...] about Billionaire James Packer pledges to donate $1 million to help NSW firefighters in the wake of devastating bushfires
WEST COAST Not Forgotten, Yzerfontein It costs a small fortune to rent many of the artfully dressed properties in the Perfect Hideaways’ portfolio, but it also has more affordable options, including this sand-between-the-toes beach house. Less than an 1½ hours by car from Cape Town, it’s in a peaceful village, in a landscape that’s carpeted with wildflowers each spring. The house perches right on the chalk-white dunes and has a relaxed, painted-wood interior finished in contemporary, sun-bleached tones. On hot, sunny days, you can simply step off the broad veranda and walk down to the shore to cool off.• Self-catering four-bedroom house (sleeps 8) £208 a night, +27 21 790 0972, perfecthideaways.co.za Ah! Guest House, Paternoster This arty, foodie B&B oozes the kind of laid-back beach-chic that makes Paternoster popular with weekenders from Cape Town. Arnold and Annalise Hoon are keen collectors of contemporary African design and have peppered their … [Read more...] about Top 10 budget beach guesthouses and B&Bs in South Africa’s Western Cape
Galantino, head of the Vatican's de-facto central bank, told Avvenire newspaper that a current deficit stemmed from one-off expenses to avert the closure of a Vatican hospital and the potential loss of employees' jobs. He also denied the existence of "ghost" accounts, warning in Avvenire, issued by the Italian bishops' conference, against "fictionalized” depictions akin to the thriller "Da Vinci Code." Read more: German Catholic bishops struggle with women and power "There's no bankruptcy or default here. There's only a need for a spending review," insisted Galantino, who heads the Vatican's bank-like entity APSA (Administration of the Patrimony of the Apostolic See). "In fact, the ordinary management of the APSA in 2018 closed with a profit of over €22 million," said Galatino,quoted by the Vatican News. 'No bankruptcy here,' says Nunzio Galatino Speculating that the Vatican administrative body, the Curia, was against the pope, he added, was "a worn-out … [Read more...] about Vatican denies book’s near-bankruptcy claim
In 1983, millions of unsold cartridges of the Atari game ET The Extra Terrestrial were secretly buried in a concrete-covered landfill in Alamogordo, New Mexico. Thanks to extremely rushed development and alleged interference from Universal Pictures, the movie tie-in was one of the worst video games ever made, and a mass grave was the only option for the poor, unwanted cartridges. Unfortunately, like movies adapted from games, games adapted from movies are often bad. (There are exceptions: 1997’s 2D sidescrolling interpretation of Disney’s Hercules on PlayStation brought me more joy than most recent games.) Historically, this has not been the result of too much interference from the movie studios that own the licences, but too little. Promising pop-culture properties such as Transformers, Robocop and Harry Potter have often been farmed out to contracted development studios that are then given far too little time to make anything half decent. The forthcoming Star Wars Jedi: … [Read more...] about Can Star Wars Jedi: Fallen Order help fans feel the Force?