Offshore
in sentence
295 examples of Offshore in a sentence
If their
offshore
shell companies and bank accounts are legal, why go to so much trouble to be secretive?
If Chinese banks and firms are slow to adjust, liberalizing international capital flows will lead only to more volatility, fewer
offshore
deposits, and less reliance on the renminbi for settling merchandise transactions – exactly as has been the case recently.
In June, a subsidiary of the Spanish oil company Repsol began drilling an
offshore
well within Vietnam’s exclusive economic zone in the South China Sea.
How Corruption Fuels Climate ChangeLONDON, BERLIN – Anti-corruption campaigners achieved a number of crucial victories in 2016, not least by ensuring accountability for one of Big Oil’s most crooked deals: the acquisition of Nigerian
offshore
oil block OPL 245 in 2011 by Royal Dutch Shell and Eni, Italy’s largest corporation.
And, thanks to the discovery of vast
offshore
oil reserves, Brazil not only has become energy-sufficient, but is poised to become a major oil exporter.
China, for its part, has become a major workhorse of globalization – an assembly hub for inputs produced by multi-country supply chains and an
offshore
efficiency solution for hard-pressed Western multinational corporations.
Cohen and Zysman argued that manufactures were related to services like “the crop duster to the cotton fields, the ketchup maker to the tomato patch,” and that if you “[o]ffshore the tomato farm…you close or
offshore
the ketchup plant….No two ways about it.”
In his “burning platform” memo, Elop compared Nokia to a man on a burning
offshore
oilrig, facing a fiery death or an uncertain leap into the frigid sea.
During the first Taiwan Straits crisis in 1954, China began shelling the
offshore
islands Quemoy and Matsu, threatening to “liberate” Taiwan.
Taiwan has also allowed mini-links to be opened so that the residents of Kinmen (an
offshore
island) and Xiamen (a port city of China) can enjoy unrestrained travel across the Strait.
But the prosecutors’ real goal was to show that Manafort paid for these goods – nearly $1 million in suits from the world’s most expensive tailors, high-priced antique rugs, lamps, and electronic equipment – by wire transfers from
offshore
bank accounts, such as one in Cyprus.
Manafort’s former bookkeeper testified that he had been personally involved in these transactions, and an accountant testified that Manafort himself had altered his tax returns, hid income as loans (saving $500,000 one year), and failed to inform his accountants about his
offshore
accounts.
Other areas that need to be plugged include money laundering and other proceeds of crime, wealth hidden in
offshore
tax havens, tax avoidance, and the dodging of custom duties.
For the long term, then, experts generally offer two ways forward: land-based recirculating systems and
offshore
aquaculture.
And examples of
offshore
projects can be found off the coasts of Norway, California, and Hawaii.
Likewise,
offshore
operations require diesel fuel for transport and maintenance, and that will remain the case until electric boats or low-carbon liquid fuels become more viable.
Although open-ocean aquaculture should still require less diesel fuel than commercial fishing – and could run on renewable energy sources like solar, wind, or waves –
offshore
aquaculture is more energy-intensive than conventional fish farms.
Unification of onshore and
offshore
markets is more important than a floating exchange rate in determining whether the International Monetary Fund will include the renminbi in the basket of currencies used to determine the value of its reserve asset, the Special Drawing Right.
In 1954 and 1955, the Chairman of the Joint Chiefs of Staff told President Dwight Eisenhower that the defense of Dien Bien Phu in Vietnam and of
offshore
islands near Taiwan would require the use of nuclear weapons (Eisenhower rejected the advice).
Given that all of this activity is taking place in the
offshore
renminbi market, which is small in scale and has only limited connections to mainland China’s financial system – the result of China’s hesitancy about financial-market liberalization and capital-account convertibility – the situation remains controllable.
Short trades continued to rage offshore, putting the renminbi under increasing pressure.
The recently leaked Panama Papers exposed the use of
offshore
bank accounts and shell companies to conceal wealth and avoid taxes by everyone from the prime minister of Iceland to the father of former British Prime Minister David Cameron.
(American companies are currently sitting on nearly $2 trillion in
offshore
funds that should finally be taxed.)
But
offshore
wind turbines cost about $150 per ton of CO2, avoiding just three cents of climate damage per dollar.
Essentially, the EU had simply shipped part of its emissions
offshore.
But technological advances have enabled many of these middle-class jobs to be automated or moved
offshore
– a process that is expected to accelerate with growing automation of knowledge-based activities and advances in robotics.
Similarly, Israel, once thought to be the only place in the Middle East without hydrocarbons, is sitting on 800 billion cubic meters of
offshore
gas reserves, more than 130 years of the country’s current annual gas consumption.
It can easily be evaded by relying on
offshore
banking centers, some pointed out, as if not all financial regulations face that very same challenge.
Trump’s bullying tweets against US firms that move production
offshore
or undertake tax inversions have been no more than cheap talk, and business leaders know it.
Some parts of the tradable sector (finance, insurance, and computer systems design) grew in value added and employment, while others (electronics and cars) grew in value added but declined in employment, as lower value-added jobs moved
offshore.
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