Reported by Dalya Alberge (Excerpt shared below. To read full report, go to: https://www.theguardian.com/artanddesign/2025/aug/22/lies-private-jets-missing-86m-inigo-philbrick-art-world-swindle) As an art dealer in London and Miami, Inigo Philbrick had the Midas touch and lived the high life, with private jets, $5,000 bottles of wine and $7,000 suits. But in 2019 he was exposed as a serial swindler who had created one […]

Reported by Aaron Krolik (Excerpt shared below. To read full report, go to: https://www.nytimes.com/2025/08/24/business/russia-sanctions-ukraine-war.html) What kind of power can the United States exert to punish other countries for their misdeeds? The answer, in the age of nuclear weapons, has been economic power. Impose sanctions and cut off access to the U.S. dollar, the thinking goes, […]

Reported by Laith Al-Khalaf (Excerpt shared below. To read full report, go to: https://www.ft.com/content/ab96ebcb-edcd-4537-b1b3-ffce3cc30bfc) HSBC’s Swiss private bank has launched a cull of more than 1,000 wealthy Middle Eastern clients, as it faces ongoing scrutiny from regulators over high-risk clients. The bank will be terminating its relationship with a slew of customers from countries such as Saudi Arabia, […]