Good morning! Here’s what you need to know on Monday.
1. A giant leak of documents from the internal database of a global law firm based in Panama has revealed the offshore holdings of 140 politicians, public officials, and athletes around the world. The leaked data has been described as a “never-before-seen view inside the offshore world.”
2. Greece is predicted to descend into rioting and chaos next week when the new agreement between the European Union and Turkey — to allow Greece to send back migrants that either do not apply for asylum or fail in their claims — comes into effect.
3. Aircraft from the US-led coalition on Monday destroyed the Turkish consulate compound in Mosul, Iraq, which has been occupied by ISIS since June 2014, the Turkish foreign ministry said. It said in a written statement that Turkey’s views had been sought and its approval given for the strikes.
4. A five-year-old boy tested positive for Ebola in Liberia just days after his mother died of the virus in the second flare-up to hit West Africa in recent weeks, the health ministry said on Sunday. A 30-year-old woman died of Ebola in Monrovia last week, months after Liberia was declared free of the virus.
5. Iran’s oil exports have surpassed two million barrels per day following the lifting of sanctions under its nuclear deal with world powers, Oil Minister Bijan Zanganeh said on Sunday.
6. French bank Societe Generale is planning to cut 128 jobs at its Global Banking & Investor Solutions division, the CGT union said in an e-mailed statement Sunday. The job cuts are part of a cost-saving plan announced in 2015.
7. Support for Britain voting to leave the EU in the upcoming referendum is at 43% — a four-point lead ahead of those wishing to remain in the 28-nation bloc. The poll was carried out by Opinium for the Observer.
8. Asian share prices held firm on Monday after solid US payroll data underpinned investor risk sentiment. Dovish comments from Federal Reserve Chair Janet Yellen the previous week kept the US dollar in check.
9. The world’s economic “canary in the coal mine” is still weak, but it seems to be showing signs of improvement. South Korean exports, nicknamed “the world’s economic canary in the coal mine,” fell 8.2% in March from a year earlier, according to its latest export data.
10. Deutsche Bank has fallen from third to fifth among the world’s top investment banks, according to data released by financial industry research house Coalition. The numbers now show Citigroup and Bank of America ahead of DB.
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