This Billionaire Has Put Half His Net Worth Into Gold

“Egyptian billionaire Naguib Sawiris put half of his $5.7 billion net worth into gold.  Sawiris has built a name by investing in the telecom sector in Egypt and in less popular markets including Iraq, Pakistan, North Korea and Bangladesh.”

Read more: https://www.bloomberg.com/news/articles/2018-05-01/north-korea-is-a-bright-spot-for-billionaire-who-forecasts-crash

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France seizes the France.com domain name from its 20-year owner

“French-born Jean-Noel Frydman is suing the country for ‘cybersquatting’ on the France.com domain name, CNBC reported.”

Read more: http://www.newsweek.com/new-york-man-sues-france-after-country-seizes-multi-million-dollar-francecom-905645

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Weed Is Serious Business for Canada’s Go-To Pot Banker

“Canada may offer the sharpest glimpse of the future—and the business opportunities—for financial-services companies willing to take the risk.”

Read more: https://www.bloomberg.com/news/features/2018-04-03/weed-is-serious-business-for-canada-s-go-to-pot-banker

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A Flourishing Hemp Industry Is Growing in Colorado

“There is one thing that sets this state apart from most of the others: an almost total disregard of federal law.”

Read more: https://fee.org/articles/a-flourishing-hemp-industry-is-growing-in-colorado/

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China: We would fight a trade war ‘to the end’

“The statement from the Chinese embassy said Trump’s trade action was ‘self-defeating’ and would hurt American companies, consumers and financial markets.  The administration said it would announce in the next 15 days which products would be subject to tariffs.”

Read more: http://money.cnn.com/2018/03/22/news/economy/china-trade-war-response/index.html

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Trump Readies Sweeping Tariffs and Investment Restrictions on China

“The breadth of the tariffs remains a contentious topic in the business sector and the White House, with some industries fretting about retaliation and increased costs to American companies and consumers.”

Read more: https://www.nytimes.com/2018/03/15/us/politics/trump-china-trade-measures.html

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Trump signs U.S.-Taiwan travel bill, angering China

“In a statement after Trump’s signing of the bill, the Chinese embassy said clauses of the legislation ‘severely violate the one-China principle, the political foundation of the China-U.S. relationship’.”

Read more: https://www.reuters.com/article/us-usa-taiwan-china/trump-signs-us-taiwan-travel-bill-that-china-has-opposed-idUSKCN1GS2SN

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South Africa votes to seize land from white farmers without compensation

“Critics have compared the move to the disastrous redistribution of land in neighbouring Zimbabwe, which was often accompanied by violence and left farms neglected.”

Read more: http://www.independent.co.uk/news/world/africa/south-africa-white-farms-land-seizure-anc-race-relations-a8234461.html

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US Expats and Retained Earnings in Foreign Corporations for 2018

“The ONLY exception and the only place on the planet where Trump’s tax plan can’t reach is the US territory of Puerto Rico.”

Read more: http://premieroffshore.com/us-expats-retained-earnings-foreign-corporations-2018/

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SEC blocks Chicago Stock Exchange sale over Chinese investor participation

“The decision by federal regulators to reject a bid by a Chinese-led investor group to buy the Chicago Stock Exchange is a major blow to its international aspirations, but it may not derail the sale entirely, the exchange’s chief executive said Friday.”

Read more: http://www.chicagotribune.com/business/ct-biz-sec-chicago-stock-exchange-chinese-takeover-20180216-story.html

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