Friday

1st Dec 2023

Ticker

UK to list property held by foreign firms

Britain will require foreign companies holding UK property to identify their true owners in an official register, the British government said on Monday. The move is part of a crackdown on Russian oligarchs and corrupt elites laundering illicit wealth, Reuters reported. It will seek to stop the flow of illicit Russian cash into London, and to ensure criminals cannot hide behind secretive chains of shell companies.

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Opinion

'Pay or okay?' — Facebook & Instagram vs the EU

Since last week, Mark Zuckerberg's Meta corporation is forcing its European users to either accept their intrusive privacy practices — or pay €156 per year to access Facebook and Instagram without tracking advertising.

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