Iceland’s leader resigns, first casualty of Panama Papers

Iceland’s Prime Minister Sigmundur David Gunnlaugsson is to resign, his party said on Tuesday, becoming the first casualty of leaked documents from a Panamanian law firm which have shone a spotlight on the finances of an array of politicians and public figures worldwide. The Panama Papers showed the premier’s wife owned an offshore company with big claims on… Read More »

Oil edges up after Kuwait talks up output freeze plan

Oil prices edged higher on Tuesday after Kuwait’s insistence that major producers will agree to freeze output this month even as Iran balks at the plan. Gains in crude prices were limited as traders awaited U.S. industry data later in the afternoon that was likely to show another record high in crude inventories in the United States. A… Read More »

British government met potential buyer for Tata Steel UK

The British government opened talks on Tuesday with potential buyers for Tata Steel’s UK operations, including Sanjeev Gupta’s commodities company Liberty Group, as it stepped up its battle to find a buyer for the loss-making business. Accused by opposition lawmakers of being “asleep at the wheel” when Tata Steel put its entire British operations up for sale last… Read More »

Leaked documents raise questions over role played by new Fifa president in TV rights deal

NEW FIFA president Gianni Infantino reportedly signed off on a contract with two businessmen who have since been accused of bribery, leaked documents reveal. Hugo and Mariano Jinkis bought TV rights for Uefa Champions League football and immediately sold them on for almost three times the price, reports the BBC. According to records, Uefa concluded offshore deals with… Read More »

2 planes collide on runway at Jakarta airport, no casuality reported

Two planes collided on a runway at an airport in Indonesia late Monday night, officials said. A Batik Air Boeing 737 carrying 56 people had been cleared for takeoff when its wing struck a smaller Trans Nusa plane, which was being towed, Batik said in a statement, the Independent reported. According to the Jakarta Transportation Ministry, all passengers… Read More »

Donald Trump would ‘cut off cash to Mexico’ to pay for border wall

Republican White House hopeful Donald Trump has said he would stop cash sent home by Mexicans based in the US, until the country pays for a border wall. The prospect of losing a vital source of income would force Mexico into a “one-time payment” of $5-10bn (£3.5-7bn), says Mr Trump. But US President Barack Obama said the plan… Read More »

Greece sends first migrants back to Turkey under new EU deal

The first migrants to be deported from Greece as part of a controversial new EU plan to tackle the migration crisishave landed on Turkish soil. Three boats carrying 202 people departed in the early hours of the morning from the Greek islands of Lesbos and Chios. Migrants on board the first ferry were escorted ashore by Turkish police… Read More »

Reserve Bank may cut rate by 25 bps

Bankers expect the central bank to address structural issues in liquidity management. With most of the conditions set by the Reserve Bank of India Governor Raghuram Rajan for further easing of the monetary policy met, market participants said the stage is set for at least a 25 bps reduction in interest rate in the first bi-monthly review of… Read More »

Adopt ethical approach to recover loans, Jaitley asks industry

Amid rising cases of wilful default on loans, including the one by liquor baron Vijay Mallya, Finance Minister Arun Jaitley on Monday said industry is fighting a battle of credibility and it should adopt positive and ethical approach towards NPAs or bad debts. “Indian industry is also fighting a major battle for its own credibility. Some recent events… Read More »

Web Development Reading List #131: Git 2.8, CSS Grids And The Key To Good Code

Although it’s April 1st, and people go all crazy making up jokes and spreading hoaxes, I’m sending out this edition to you without any April fools. Instead, I want to challenge you to put more effort, more thoughts into your code. Instead of blindly following a given path to build the solution with the least effort, what about… Read More »