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Following years of acrimony between OPEC and the hedge fund community, which the cartel dismissed simply as “speculators”, things suddenly changed in 2016 when the two groups got so close, there were outright reports of collusion between the two on various occasions. We documented this last month in “Why OPEC Is Colluding With Hedge Funds.” However, as Reuters’ energy analyst John Kemp pointed out on twitter this […]

Wall Street still exudes widespread optimism that 2017 will provide another year of solid if unspectacular economic growth and only gentle interest rate rises. With the S&P 500 up over 4.5 per cent for the year, here is a series of charts that will hearten investors of a more bearish persuasion. While there are good reasons why each chart should not be taken too seriously, together they […]

You put the key in the front door, open it, step inside … and you’re home. Here, in the entrance hall, you have the first glimpse of the space in which you live. It’s the first area visitors and guests see, too. And yet the hallway is often neglected, relegated to a thoroughfare not worthy of a well-thought-out decorating plan. But the fact that it’s a functional […]

“We lost everything,” said Hiba Beidak, 34, whose husband ran a pharmacy in the Syrian city of Aleppo. He had thyroid surgery before the war and needs medical care now, as does their 10-year-old daughter, who is unable to walk. Ms. Beidak brought her 6-year-old daughter on the tour. Ms. Taki’s older sister, Ghosoom Taki, 38, left the city of Homs for Jordan in 2011. She arrived […]

A few months ago, staff at The Minneapolis Star Tribune did something journalists don’t always have the time to do: think way ahead. One year in advance, staff photographers shot images of the Minnesota winter for next winter’s StarTribune Magazine. The quarterly magazine debuted Sunday, marking a new product for a newsroom that’s worked hard over the last year to become more digital. But that new product […]

It’s springtime. Flowers are blooming, birds are chirping, and love is in the air. That can only mean one thing: It’s time to send pictures of your bits and pieces! If you’ve ever used your phone to send someone special a picture of your thing(s), you’re not alone. Data shows that sexting is a highly popular pastime enjoyed by men and women alike. As you […]

By Sarah White and Yann Le Guernigou | PARIS PARIS Hard-left presidential challenger Jean-Luc Melenchon and conservative Francois Fillon were neck-and-neck behind the frontrunners in an opinion poll on Thursday, as candidates made last-ditch appeals to undecided voters. Voters will cast their ballots on Sunday in the first round of what has transformed into the most unpredictable French election in living memory, with four candidates within reach […]

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Activist investor Elliott Management has released a letter sent to its founder Paul Singer by the ousted chief executive of US engineering group Arconic that it claims was a veiled attempt to “intimidate or extort” the hedge fund veteran over his celebrations at the 2006 World Cup. New York-based Elliott is the largest shareholder in Arconic and has been locked in a battle with the US engineering […]

With ‘Never-Trump’-ers still convinced he is Hitler and ‘Trump’-ers questioning their reality at his recent flip-floppery, many in the country are asking why should we support this President (even as his approval ratings rise with each warmongering threat). Well there is a simple – and perhaps greedy – reason… the world’s debt and equity markets have gained over $8 trillion since his election and a loss of […]

French telecom company Orange is launching a bank this Summer in France. Orange CEO Stéphane Richard listed some of the features behind Orange Bank this morning at a press conference. And let’s just say that it doesn’t sound as groundbreaking as the company thinks. Just like N26, Revolut and others, you’ll be able to control your payment card directly from your phone. Transactions will show up instantly […]

Poland’s NC Cyber director Juliusz Brzostek: “Our role is to secure national assets, which means that we protect key services.” Image: Bogdanski/NC Cyber With the NIS directive on protecting national network and systems in place since last year, EU countries are now having to streamline their cybersecurity efforts. The directive requires them to set up computer security incident response teams (CSIRTs) and computer emergency response teams, or […]

By Syed Raza Hassan and Saad Sayeed | ISLAMABAD ISLAMABAD Pakistan’s Supreme Court on Thursday ruled there was insufficient evidence to order Prime Minister Nawaz Sharif’s removal from office over corruption allegations levelled by the opposition and ordered further investigations. A verdict to remove Sharif would have left his party in power but would, nevertheless, have sparked turmoil at a time when Pakistan is experiencing modest growth […]

ANKARA Turkey’s justice minister said on Thursday that any opposition challenge to a referendum that expanded President Tayyip Erdogan’s powers would be rejected by the constitutional court, and Europe’s human rights court had no jurisdiction on the matter. The main opposition CHP party said on Wednesday it was considering taking its appeal for the referendum to be annulled to Turkey’s Constitutional Court or the European Court of […]

A couple of weeks ago, the authority that oversees broadcast licensing in Germany concluded that internet streaming services should be subject to the same licensing imposed on broadcast radio and television. The focus is on Twitch.tv which exemplifies this new paradigm; according to a press release, the Germans see streaming platforms as little more than tiny TV stations operating without a license. This […]

SYDNEY Australia plans to raise the bar for handing out citizenships by lengthening the waiting period, adding a new “Australian values” test and raising the standard for English language as part of a shake up of its immigration programme. The move comes in a week when Prime Minister Malcolm Turnbull announced axing a temporary work visa popular with foreigners and replacing it with a tougher programme in […]

Television fans and fashionistas alike have been eagerly awaiting Netflix’s latest TV show, Girlboss, which debuts on April 21. The 13-episode series is loosely based on the autobiography of fashion-industry phenomenon Sophia Amoruso. As noted in our preview, she is an unconventional figure in the fashion scene. After hitchhiking around America, working odd jobs in record and bookstores and resorting to shoplifting when money was tight, in […]

SYDNEY Austria and Australia are 16,000 km (9,940 miles) and two keystrokes apart, as European aircraft manufacturer Airbus discovered to its chagrin this week. The Financial Times, citing fine print in the company’s 2016 financial accounts, reported on Monday that Airbus was being investigated by authorities in Australia for offences such as bribery or fraud. The Airbus accounts did indeed say Australia, but a company spokesman said […]

Three days ago Arconic’s CEO Klaus Kleinfeld was fired unceremoniously for “showing poor judgment,” in a letter sent to Paul Singer, founder of hedge fund Elliott Management. Elliott has just released the letter and its response which claims Kleinfeld made “veiled suggestions that he might intimidate or extort Mr. Singer” over his behavior at a 2006 soccer match… involving “singing in the rain… in a fountain” and […]

Britain’s benchmark stock index dipped into negative territory for the year on Wednesday, as investors worry that a stronger pound saps the foreign-based revenues for many of the FTSE 100’s multinational companies. The blue-chip gauge slipped as much as 0.5 per cent on Wednesday by the close of trading. The pound retraced some gains in late trade from session highs above the $1.2850 level after surging on […]

DUBAI // Drones are being tested to lift firefighting equipment on to burning high-rises and locate people trapped inside. The remote-controlled devices would use thermal-imaging cameras to find people and fire flashpoints, and could be used to carry gear to battle blazes from next year, civil defence officials revealed on Wednesday. Tests are being carried out on 15 drones in a special civil defence unit and more […]

In a lab deep within Tata Consultancy Services’ landscaped campus in the western Indian city of Pune, 16 recent graduates are experimenting with new technologies that are shaking up a flagship national industry. TCS, the largest of India’s powerful IT services companies, set up the lab 18 months ago to enable new starters to work on the “internet of things”, the field of connected machines and appliances that […]

SEOUL U.S. Secretary of State Rex Tillerson said the United States was looking at ways to pressure North Korea over its nuclear programme as North Korean state media warned the Americans of a “super-mighty preemptive strike”, saying don’t “mess with us”. U.S. President Donald Trump has taken a hard line with North Korean leader Kim Jong Un, who has rebuffed admonitions from sole major ally China and […]

Last Friday, New York legislators agreed on a budget that includes funding for tuition-free education at public colleges and universities. That plan, the Excelsior Scholarship, maintains most of the features of a proposal Governor Andrew Cuomo introduced earlier this year, including tuition-free enrollment at the City University of New York and State University of New York systems to students of families earning up to $125,000 per year. […]

The Samsung Galaxy S8, top, and S8 Plus are displayed, Monday, April 17, 2017, in New York. The 5.8-inch S8 and the 6.2-inch S8 Plus both have nearly 15 percent more display space than last year’s comparable models. (AP Photo/Mark Lennihan) Samsung’s new Galaxy S8 phone is stunning. But its $100 price hike is hard to swallow. That’s how much extra you’ll shell out for the S8, […]

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