Dr. Atie J. El Mouallem – Why do Men and Women Perceive Corruption Differently? — atiejelmouallem.com
Highlights
– Women make up more or less 50% of the people in this world. What if you found out that 50% of the people on this planet perceive corruption differently than the other 50%? You might wonder why women should perceive corruption differently than men?
– In the paper, the author says that the challenge for fighting corruption lies in the different nature of the various forms of corruption. These differences are ignored by the widely used World Bank Corruption Index or Transparency International’s Corruption Perceptions Index.
– Anti-corruption measures will not be effective if they are not tailored to the type of corruption.
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‘Pandora Papers’ expose offshore assets of heads of state, govt | News , World | THE DAILY STAR — www.dailystar.com.lb
Highlights:
– More than two-thirds of the companies were set up in the British Virgin Islands.
– In most countries, the ICIJ stresses, it is not illegal to have assets offshore or to use shell companies to do business across national borders.
– The documents behind the latest investigation are drawn from financial services companies in countries including the British Virgin Islands, Panama, Belize, Cyprus, the United Arab Emirates, Singapore and Switzerland.
Visit Lebanon’s Pavilion at Expo 2020 Dubai | Blog Baladi — blogbaladi.com
Highlights:
– Expo 2020 Dubai has officially opened after a year delay and Lebanon will be taking part under the theme “Together, We Walk”.
– Despite having only a few months to prepare, the Lebanese team, funded by the private sector and the Lebanese diaspora, was able to put together a pavilion that “to celebrate the country’s most valuable resource: its people”.
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Why U.K. After Brexit Faces Fuel Shortage, Winter Crisis and Covid – Bloomberg — www.bloomberg.com
Highlights:
– The Confederation of British Industry, the biggest business lobby, is urging Johnson to set up an emergency task force to deal with the supply shortages and cost of living. The country faces “a perfect inflationary storm” that could plunge the economy into a recession next year, according to Gavekal Research.
– The immediate challenges facing the U.K. stem from the loss of a vital pool of labour after its transition out of the EU ended on Jan. 1. A dearth of truckers is raising fears not just about toys or turkeys for Christmas, but whether people will have enough fuel and food this winter.
– Labor shortages are hitting every part of the food supply chain, from dairy to seafood and vegetable processing, according to James Withers, chief executive officer of Scottish Food & Drink. Businesses are struggling from a lack of transport for food as well as a shortage of staff to pack it, he said.
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Premium Economy Seating Grows as Airlines See Less Business Travel – Bloomberg — www.bloomberg.com
Highlights:
– Growing numbers of leisure travellers are willing to splash out for a bit of extra elbow room at fares that are frequently more than double the cheapest economy seats.
– The trend was already on an upswing before the pandemic, with installations of premium economy seats.
– Emirates introduced its first premium economy offering this year on some Airbus SE A380 double-deckers and plans to add it to 777X planes on order from Boeing Co.
– Deutsche Lufthansa AG says premium economy generates 33% more revenue per square foot than economy and 6% more than business—and is 40% more profitable than the latter because it’s cheaper to install.
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Kolanovic on the Canary in the Coal Mine for Higher Energy Prices – Bloomberg — www.bloomberg.com
Highlights:
– There’s a risk that the costs of moving to cleaner fuel plus the stranding of more polluting alternatives could increase the cost of energy at the same time that food and other essential prices have been rising.
– For this reason, investors should consider hedging for higher oil prices, which can be expressed in the asset class (long commodities, short bonds), sector (long energy), style (long value, short growth) or thematic form.
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EXPERIENCE LIVING IN PIXEL
Pixel is the first mixed-use residential community at Makers District. Pixel offers its residents & visitors a unique space to enrich, collaborate & engage.
Designed as human-scale, the 7 mixed-use residential towers surrounded by quiet pocket gardens have been strategically arranged around a vibrant pedestrianized plaza.
Learn more.
Cevdet Caner: Tycoon Linked to German Landlord Adler’s $9 Billion Debt Mountain – Bloomberg — www.bloomberg.com
Highlights:
– The story of Cevdet Caner winds across Austria and Germany, through the City of London and into some of the world’s richest banks. It’s an uneasy tale for an era of easy money, befitting a season of debt-driven deals, obliging bankers and overlooked risks.
– The Adler company enjoyed a history of quiet distinction. It turned out some of Germany’s first factory-made bicycles. It got into automobiles not long after Mercedes-Benz. An Adler typewriter said to be director Stanley Kubrick’s machine of choice
– Then Adler abandoned manufacturing for the heady heights of real estate
– Adler has become a major landlord in a country of tenants. It owns 70,000 apartments across Germany, including 20,000 in Berlin
– Adler’s portfolio is valued at 12.6 billion euros and it has net assets of 4.95 billion euros, according to the company’s most recent earnings. By contrast, its market capitalization is just 1.4 billion euros, meaning it trades at a wide discount to the reported value of its properties
– Caner’s connections to Adler, for instance, involve at least a dozen separate entities in six different jurisdictions, including Monaco, his home base,
– A key issue is how Adler came together via a complex three-way merger. In late 2019, Adler acquired an Israeli company that owned a big stake in another German real-estate company, ADO Properties, which was financially stronger than Adler. Five days later, ADO Properties announced that it was buying its new part-owner, Adler, as well as a stake in a third real estate company, Consus Real Estate, that was controlled by Aggregate. The combined company was rebranded Adler Group.
– Local media soon started to pick up on the man who appeared tied to all those companies. Minority shareholders protested, saying ADO was paying the bill for a transaction to fix the balance sheet of Adler and Consus.
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