Corruption

The EU's Emissions Trading Scheme (ETS) is the ideal environment for laundering money - and if such a scandal emerges, it will mean the end of the cap-and-trade programme, a leading investment banker has warned.  

Teodorin's World: Playboy bunnies. $2 million Bugattis. Bags full of cash. Meet the world's richest minister of agriculture and forestry.

In the Economist:

Two men have been injured in what officials say was an accidental shooting at a central Illinois gun show.

Every time there is a new shooting tragedy the spokespeople from the NRA have to create a response. I’ve heard enough of them to anticipate their verbiage. Here is my impression of an NRA supporter’s response.  I think it will go a little like this:

The West has to deal with tyrants, but it should do so on its own terms

LESS than two years ago, at the G8 summit in L’Aquila in Italy, prime ministers and presidents sat down to talk about world trade and food security with Muammar Qaddafi. Today Libya’s tyrant is paying mercenaries to shoot his people in the streets like “rats” and “cockroaches”.

The Libyan Investment Authority owns 3% of the FT, 7.5% of Juventus and a host of prime London properties

Libya's vast oil reserves have enabled it to invest more than $70bn (£43bn) around the world – making it a major shareholder in companies such as the Financial Times, Fiat and Juventus football club.

One man’s quest to tap Afghanistan’s taboo biofuel

Rising political risk sees Russia and Pakistan join Somalia, DR Congo and Iraq in Maplecroft's ranking of 10 most volatile business environments