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DAILY NEWS IN ENGLISH

Cum-ex tax scandal cost European treasuries €55 billion The scale of the financial damage caused by the so-called "cum-ex" tax scandal is much higher than previously thought, according to information provided to Reuters, ARD, Die Zeit and several other news organizations. For the last few years,German authorities have been investigating hundreds of the tax fraud cases, where banks and stockbrokers rapidly traded shares with ("cum") and without ("ex") dividend rights, with the aim of being able to conceal the identity of the actual owner and allow both parties to claim tax rebates on capital gains tax that had only been paid once. Now, reports published on Thursday morning say that at least 10 other European countries beyond Germany have been affected by the tax fraud practices, and that the damage caused to state treasuries could be as high as €55.2 billion ($63.4 billion).

German drug czar slams tobacco advertising, demands billboard ban Germanyʼs drug commissioner says that nicotine represents the countryʼs biggest substance risk. She wants to ban outdoor advertising for cigarettes and tobacco, but some within her own party donʼt want to kick the habit. When German governmentpoint woman Marlene Mortlerpresented the official 2018 report on drugs and addiction in Germany, she did not stress opioids, cocaine, LSD or even cannabis. Instead, she stressed that nicotine remains the addictive drug that has cost the most lives in the country in recent years. The numbers of people in Germany who smoke have declined by 30 percent since 2013,as they have elsewhere in Europe. But Mortler still singles out tobacco as an area where more needs to be done. "We canʼt relax when we have 120,000 tobaccorelated deaths every year," Mortler told reporters in Berlin. "120,000 deaths means 120,000 cases of great suffering, and public costs of up to €100 billion ($115 billion)."

240/2018 • 19 OCTOBER, 2018

What happened to Brexit architect David Cameron? How the former British prime minister spends his days?

As Brexit unravels before our eyes, itʼs worth reminding ourselves who got the UK and the EU into this mess in the first place. Boris Johnson, Michael Gove, David Davis. Even to the casual observer, those names are indelibly linked with the shambles that is threatening to tear the UK, and possibly the Conservatives, apart. And even the most neutral of those observers would concede that they deserve the bashing theyʼre receiving. However, we wouldnʼt even be discussing Borisʼ latest antics (at least not in this context) if it werenʼt for the, er, brains behind Brexit — the man who decided to put party politics above his country. So what exactly is former Prime Minister David Cameron up to these days? "Working on his memoirs, thatʼs what I understand," Kevin Theakston, professor of British government at the University of Leeds, told DW. "And I think he was supposed to have finished them about now. But theyʼve been put back and the line is that he thinks that because of Brexit he wants them out after weʼve left because the dust will have settled a bit." Right, just to recap. In 2013, Cameron made his fateful in/out referendum pledge if

the Tories won the 2015 election. Essentially that was done to appease the hardliners in his party who were worried that the United Kingdom Independence Party led by Nigel Farage would bite into the Conservative voter base and hand victory to Labour. To fight off that challenge, the Tories demanded that Cameron give them the prospect of a European Union referendum which would allow them to persuade their own anti-EU supporters that only a vote for the Tories would give them a definitive say over Britainʼs future in the bloc. Cameron did so in the belief that the electorate would vote to remain. Obviously that didnʼt go according to plan. "I think he still feels the humiliation of calling and losing the referendum," said Theakston. "And he fears going down in history as the person who accidentally took us out of the EU and maybe triggered knock-on consequences for the future of the UK itself — and doing it for reasons of party management and taking a gamble and it all came off badly."

EU and Asia leaders reaffirm multilateralism at ASEM Summit in Brussels The twelfth biennial ASEM meeting got underway in Brussels on Thursday with the participation of 51 leaders. The two-day conference has the EU, Switzerland and Norway hosting Asian officials — including Prime Ministers Li Keqiang of China, Shinzo Abe of Japan and Dmitry Medvedev of Russia. Two days of talks on trade, cybersecurity, the fate of the Iran nuclear deal and the Paris climate agreement are on the agenda. The EU sees the meeting as an opportunity to present itself as a counterbalance to both the US and China by offering Asian countries alternatives when it comes to trade, infrastructure and digitalization. An EU Belt and Road plan? The most comprehensive proposal being presented by the EU is something akin to Chinaʼs $60 billion (€52.2 billion) Belt and Road initiative.

Court in Finland finds pro-Kremlin trolls guilty of harassing journalist A Finnish man was sentenced to over a year in prison on Thursday for defaming and harassinginvestigative journalist Jessikka Aro, who works for Finnish public broadcaster YLE. Ilja Janitskin, the founder of the rightwing, pro-Kremlin website MV-Lehti, was handed a 22-month prison sentence after being found guilty of 16 charges, including defamation. Johan Backman, a longtime mouthpiece for Moscow in Finland, was also found guilty of defamation and harassing and received a one-year suspended sentence.

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