News Headlines - 07 April 2016

▽David Cameron admits he profited from father's Panama offshore trust fund | The Guardian

David Cameron has finally admitted he benefited from a Panama-based offshore trust set up by his late father.
After three days of stalling and four partial statements issued by Downing Street he confessed that he owned shares in the tax haven fund, which he sold for ￡31,500 just before becoming prime minister in 2010.

▽Turkey launches inquiry into leak of 50 million citizens' data | Reuters

Turkey is investigating how hackers have posted online the identity data of some 50 million Turks, including what they said were details about the president and prime minister, after what is believed to be the biggest data breach seen in the country.

▽China Faces a Debt Crisis. Or Does it? - Bloomberg

By some accounts, borrowing is out of control and has the country teetering on the edge of a crisis. Others point to the nation's long list of assets, which can more than offset any funding crunch. An example of the opposing views was on display when two separate April 5 research reports each cited the risk of a "Minsky moment" (a collapse in asset prices following the exhaustion of credit expansion) but both came to very different conclusions.

▽EU referendum: Government to spend ￡9m on leaflets to every home - BBC News

It says the 14-page document, to be sent to 27 million homes, responds to public demand for more details about the EU referendum by setting out the facts behind the government's position.

▽France abandons bid to appoint gay ambassador to Vatican | Reuters

French President Francois Hollande on Wednesday appointed to a different post a diplomat he had originally nominated as ambassador to the Holy See, who media said had been rejected by the Vatican because he was gay.