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Rolex Fastnet Race adapts following border restrictions


Rolex Fastnet Race adapts following border restrictions
by RORC 28 May 17:36 BST
8 August 2021
Rolex Fastnet Race - When it comes to offshore races there is no greater show on earth © ROLEX / Kurt Arrigo
The next edition of the Rolex Fastnet Race will start on Sunday 8th August and for the first time in its history, the race will finish in Cherbourg, France. In the current health context, the organisers are taking all the necessary steps to welcome the competitors in the best conditions.
The French Government this week have restricted travel between the UK and France, imposing a 7-day isolation period on travellers from the UK. Although there has been no mention of how long these restrictions may be imposed, the RORC remain hopeful that the August 8th start date is unaffected. During this period of change the race management team are considering all scenarios and how it could affect the running of the race. ....

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Special Report: How oil majors shift billions in profits to island tax havens


14 Min Read
(Reuters) - Bermuda and the Bahamas aren’t exactly big players in the oil-and-gas world. They don’t produce any of the fuels at all. Yet the islands are deep wells of profit for European oil giant Royal Dutch Shell Plc.
FILE PHOTO: An oil tank truck fills the pumps at a Shell petrol station in Sao Paulo, Brazil, May 31, 2019. Picture taken May 31, 2019. REUTERS/Nacho Doce/File Photo
In 2018 and 2019, Shell earned more than $2.7 billion - about 7% of its total income in those years - tax-free by reporting profits in companies located in Bermuda and the Bahamas that employed just 39 people and generated the bulk of their revenue from other Shell entities, company filings show. ....

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How oil majors shift billions in profits to island tax havens | Hellenic Shipping News Worldwide

How oil majors shift billions in profits to island tax havens | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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