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Wednesday, November 27, 2019

Feds target #Venezuelan brothers in new $4.5 BILLION #MoneyLaundering probe

Feds target Venezuelan brothers in new $4.5 billion laundering probe | Miami Herald 

The Justice Department is building a new money-laundering case against two politically connected Venezuelan bankers with financial and real estate investments in South Florida who are suspected of stealing more than $4.5 billion from Venezuela’s socialist government, the Miami Herald has learned.

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A Whole Lot of #Debt: $69 Trillion of World Debt in One #Infographic


Two decades ago, total government debt was estimated to sit at $20 trillion.
Since then, according to the latest figures by the IMF, the number has ballooned to $69.3 trillion with a debt to GDP ratio of 82% — the highest totals in human history.
Which countries owe the most money, and how do these figures compare?

The Regional Breakdown

Let’s start by looking at the continental level, to get an idea of how world debt is divided from a geographical perspective:
RegionDebt to GDPGross Debt (Millions of USD)% of Total World Debt
World81.8%$69,298100.0%
Asia and Pacific79.8%$24,12034.8%
North America100.4%$23,71034.2%
Europe74.2%$16,22523.4%
South America75.0%$2,6993.9%
Africa56.9%$1,3131.9%
Other37.1%$1,2311.8%
In absolute terms, over 90% of global debt is concentrated in North America, Asia Pacific, and Europe — meanwhile, regions like Africa, South America, and other account for less than 10%.
This is not surprising, since advanced economies hold most of the world’s debt (about 75.4%), while emerging or developing economies hold the rest.

World Debt by Country

Now let’s look at individual countries, according to data released by the IMF in October 2019. 
It’s worth mentioning that the following numbers are representative of 2018 data, and that for a tiny subset of countries (i.e. Syria) we used the latest available numbers as an estimate.
https://www.visualcapitalist.com/69-trillion-of-world-debt-in-one-infographic/
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Monday, November 25, 2019

Unauthorized @Uber drivers in #London conducted 14,000 trips using other drivers' accounts, using unregistered, uninsured vehicles

TfL said it found unauthorized drivers using the accounts of approved Uber drivers and picking up passengers using vehicles they weren't registered to drive.
The regulator said these fraudulent drivers had conducted 14,000 tripsAll the trips were uninsured, and some of the unauthorized drivers had not been licensed at all by the regulator. In one instance, one fraudulent driver had had their license revoked.
TfL said it also found drivers who had been suspended from Uber's platform were still able to create an account and start driving again. It also identified cases in which drivers didn't have the right insurance in place.
The regulator added that Uber had taken steps to fix these issues but said it was "a concern that Uber's systems seem to have been comparatively easily manipulated."
"While we recognize Uber has made improvements, it is unacceptable that Uber has allowed passengers to get into minicabs with drivers who are potentially unlicensed and uninsured,"
See the whole article here: Uber just lost its license to operate in London thanks to fraudulent drivers


The Pangea Advisors Daily Brief
Published by
Pangea
25 November 2019
Business Leisure Science Technology Sports Art & Entertainment #gold #bitcoin
Today's headline
Uber just lost its license to operate in London thanks to fraudulent drivers
thumbnailbusinessinsider­.com - Uber has lost its license to operate in London, a major blow given the UK capital is one of the ride-hailing app's biggest markets globally with some 3.5 million users. The city's regulator, Transpor… 
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Wednesday, November 6, 2019

#Ion: The #FinancialData Group Taking on Bloomberg...and Tons of #Debt

In 1999, Andrea Pignataro followed in the footsteps of Michael Bloomberg: leaving the cut and thrust of bond trading at Salomon Brothers to build a financial data empire. 
...
After completing a £1.5bn deal in 2018 for trading software maker Fidessa and the £1.4bn acquisition of a majority stake in financial news company Acuris earlier this year, Ion is now a mini-conglomerate that spans data and trade processing, and includes brands such as Dealogic and Mergermarket. Its combined enterprise value is about £7bn. Revenues last year were about £830m.

Read the whole story here: Ion: The Financial Data Group Taking on Bloomberg