Latest News for: Offshore wealth


Only strikes can take on the Truss government's policies

The New Arab 29 Sep 2022
Let’s hope their additional wealth is pumped into the economy and not funnelled offshore, as the rich are prone to do ... record, it is worth remembering that two-thirds of the British public now think that “ordinary people do not get their fair share of the nation’s wealth”.

Nearly half of UK offshore wind is owned by foreign governments

New Statesman 28 Sep 2022
Analysis published by the Common Wealth think tank on Monday (26 September) highlights the UK’s negligible stake in its own offshore wind capacity ... Common Wealth argues that such “widespread involvement” from foreign state-owned entities shows that offshore wind is a desirable ...

Podcast: Maritime Masterclass: Fazel Fazelbhoy, CEO of Synergy Offshore

Seatrade Maritime News 28 Sep 2022
In the latest episode of the Maritime Podcast hear from veteran maritime professional, Fazel Fazelbhoy on his wealth of experience in the Middle East and his advice to aspiring entrepreneurs entering the marine and offshore marine world.

Neoliberalism - the ideology at the root of all our problems

Democratic Underground 28 Sep 2022
Neoliberalism ... the financial meltdown of 2007‑8, the offshoring of wealth and power, of which the Panama Papers offer us merely a glimpse, the slow collapse of public health and education, resurgent child poverty, the epidemic of loneliness, the collapse of ecosystems, the rise of Donald Trump ... .

Leader: Unserious government for serious times

New Statesman 28 Sep 2022
In his speech announcing the government’s “Growth Plan”, Kwasi Kwarteng declared ... This, most assuredly, was not the plan ... [See also ... At present, as the think tank Common Wealth revealed, almost 45 per cent of the UK’s vast offshore wind capacity is owned by foreign state-owned entities (a mere 0.03 per cent is owned by the British government).

Hybrid offshore pensions are not immune to tax

Independent online (SA) 27 Sep 2022
WORDS ON WEALTH ... People send money offshore for a variety of reasons, many of which are sensible ... SARS has tightened up on taxing South Africans on their offshore investments ... Charles McAllister, a Certified Financial Planner and executive director of Centric Wealth in Cape Town, is also critical of these offshore pension trusts.

Offshore Magazine Announces the Launch of Subsea Technology Eastern Mediterranean to be held in Limassol, Cyprus

Victoria Advocate 26 Sep 2022
... for sustainable offshore energy development ... "The Eastern Mediterranean region is uniquely positioned to support the growing demand for natural gas with its wealth of offshore resources," added David Paganie, Chief Editor of Offshore magazine and Conference Director of STEM.

Labour Conference: Rachel Reeves blasts Tory economic plans as pound nears parity

AOL 26 Sep 2022
... chancellor, if elected, and confirmed plans for a wealth fund to invest in British business ... Reeves confirmed the plan for a Labour government to establish a national wealth fund in a bid to invest in new industries, including electric battery factories, offshore wind and others.

Kwarteng hands FTSE bosses a £34m tax break

New Statesman 23 Sep 2022
His saving will equate to more than 11 times the average lower-quartile Experian salary of £43,957 ... However, top earners are actually already favoured by the tax system because their wealth and income are much more likely to be held as investments, which have different tax allowances, or as property, or to be held offshore ... .

Equatorial Guinea scraps death penalty eight years after last execution

Reuters 20 Sep 2022
With a population of about 1.4 million split between a mainland on the Central African coast and an island in the Gulf of Guinea, Equatorial Guinea has a poor record on human rights ... Political dissent is suppressed under Obiang, and the wealth he and his family have acquired from offshore oil wells has failed to benefit most of the population ... ....

New $1bn offshore wind farm vessel player launches in Singapore

Splash24/7 19 Sep 2022
“With a wealth of experience in the maritime and offshore energy industry, along with a track record of growing and scaling companies, Keng Lin is an obvious choice as the founding CEO ... I am heartened to share the same vision with Seraya and look forward to growing Cyan to becoming the world’s leading offshore wind vessel owner.

Who will inherit the queen's money? The secretive rules of royal wealth

Independent online (SA) 18 Sep 2022
Estimates for the wealth of Queen Elizabeth II have to come from outside sources ... How does the royal family keep its wealth so hidden?. The royal family is under few requirements to disclose details of its wealth, and there are few ways for prying eyes to get a look ... Those detailed roughly $13 million in offshore accounts.

PTI, PDM responsible for economic crash: Siraj

The News International 18 Sep 2022
LAHORE ... Profiteering by capitalists and corruption have devastated the economy, adding that ruling political parties are acting like club of landlords, the common man has no expectation of good from these landlords and oppressive capitalists ... Bring back personal assets and looted wealth from ruling offshore companies and overseas banks ... Comments ... .

Firms to jointly construct offshore wind projects in Latvia

Construction Review Online 17 Sep 2022
The joint venture brings together a wealth of experience and knowledge in ...

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