More than US$500 million has been recouped by tax authorities worldwide after the Panama Papers revelations, first published in April 2016. Spain alone collected US$122 million after an investigation into the affairs of tax residents who had stockpiled money offshore. Among the countries represented in the Panama Papers data, a total of 15 – on three continents – have publicly commented on the amount of taxes recovered by tax authorities.
Airbus announced that it had finalized agreements with Indigo Partners and its four portfolio airlines for the purchase of 430 additional A320neo Family aircraft for ultra-low-cost airlines Frontier Airlines (United States), JetSMART (Chile), Volaris (Mexico) and Wizz Air (Hungary).
Italians will head to the polls on 4 March in elections that look set to result in renewed instability and thrust former leader Silvio Berlusconi back to the centre of the political stage. Prime Minister Paolo Gentiloni's cabinet set the date for the election after President Sergio Mattarella dissolved parliament.
The clock is ticking for the financial services industry, with banks said to be months away from being forced to act on Brexit contingency plans that could see thousands of jobs leave the UK. The first quarter of 2018 has been dubbed the “point of no return” for banks, insurers and asset managers as the industry calls on the UK to clinch a transition period that would extend market access to the EU beyond March 2019.
Japan is planning to lift a ban on beef imports from Uruguay next year, ending a more than 17-year embargo following the outbreak of foot-and-mouth disease in the South American nation in 2000, according to government sources in Tokyo.
The United Kingdom will make new coins this year to celebrate the 200th anniversary of Mary Shelley’s “Frankenstein’’ as well as commemorate a century since women started gaining the right to vote. Designs on special two-pound coins will also honor the end of the First World War and the creation of the Royal Air Force in 1918, the U.K.’s Royal Mint said in a statement.
The UK's aid budget will be shifted to projects that promote its interests, the foreign secretary Boris Johnson said underlining the money will be more sensibly distributed to support foreign policy aims such as denying safe havens to Islamist militants.
Ex prime minister Margaret Thatcher spurned the photo opportunity of sharing a transatlantic, Concorde flight to Washington with a giant panda, newly released files from the National Archives have revealed, according to an article from The Guardian..
Britons will feel “renewed confidence and pride” in 2018, Prime Minister Theresa May has said in her New Year message. The prime minister said that while Brexit will be “crucial” in the coming year, it is “not the limit” of the government's ambitions, and it will focus on schools, the police and NHS to change people's daily lives.
Labour is “staking out the centre ground in British politics”, British opposition leader Jeremy Corbyn has said in a New Year message. Mr. Corbyn said the prospect of a “new Britain” was “closer than ever” and he was leading a “government in waiting”.