Global stocks soar on US-Mexico trade breakthrough as Canada is sidelined

Stock markets hit six-month high as trade war fears recede, with Steve Mnuchin saying: Our objective is to get Canada on board quickly Stock markets worldwide rose to a six-month high on Tuesday as fears of a global trade war recededspeaking to CNBC on Tuesday. The Trump-Mexico deal announcement had…

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Norway’s $1tn wealth fund urged to keep oil and gas investments

Government advisers reject central banks proposal to sell billions held in oil stocks Government advisers have urged Norway not to ditch oil and gas investments from its $1tn sovereign wealth fund, in a setback for those backing the worlds biggest fossil fuel divestment. Norways central bank last year $6.14bn in…

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Why do American CEOs get paid so much? | James K Galbraith

Let the market decide has been the mantra for decades. This inequality is the inevitable result, says James K Galbraith, who teaches at the University of Texas at Austin A new report from the Jeff Bezos may have a Red Army Faction that induce caution and discretion, not advertisement of…

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Using Artificial Intelligence to Fix Wikipedia’s Gender Problem

Miriam Adelson is an accomplished physician who has published around a hundred research papers on the physiology and treatment of addiction. She also runs a high-profile substance-abuse clinic in Las Vegas. Oh, and she’s the publisher of Israel’s largest newspaper and, with her billionaire husband Sheldon, a philanthropist and influential…

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14m bolivars for a chicken: Venezuela hyperinflation explained

As South American country faces soaraway prices, what is hyperinflation and why is it bad for the economy? Venezuela is introducing economic reforms including new banknotes that lop five zeros off its fast-depreciating currency Implied annual inflation rate for Venezuela What is hyperinflation? Hyperinflation is the term used to describe…

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Elon Musk grumbles at short-sellers, but is private ownership right for Tesla? | Nils Pratley

A buy-out could be done, but may not be the paradise the entrepreneur imagines Teslas Elon Musk isnt the first chief executive to be infuriated by short-sellers, or to grumble about swings in the share price, or to complain that the outside world is stupidly obsessed by quarterly earnings figures.…

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Rich Asians Give Deutsche Bank Crazy Growth Potential

In Read about how not even fruit bowls are safe in Deutsche Bank’s cost clampdown Since taking over in April, Sewing has announced has talked about the need to expand some operations. Wealth management in Asia, the Americas and Europe has been identified as among the bank’s most important areas…

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Scotland cuts its deficit, but is still outspending the UK

Latest data shows gap between income and spending is four times as much as UK as a whole Scotland ran a narrower deficit last year as a stronger performance from the oil industry boosted revenues, but the gap between government spending and income was nearly four times higher than the…

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Interview relaunch proves there’s life yet in high-end magazines

The news speaks to optimism at the glossiest end of publishing even as numerous titles are struggling to get by Four months ago, Interview magazine contentious restoration of the title with a September issue fronted by the transgender model Hari Nef. The turnaround, or what might more accurately be described…

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As Tesla ConsidersGoing Private, Wall Street Wonders How

Elon Musk might have a clear plan for taking Tesla Inc. private. Analysts aren’t convinced. Reactions to the chief executive officer’s tweet Tuesday that he was considering going private have widely varied on Wall Street. While some analysts say the $420 per share value cited by Musk is too low…

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The Political Education of Silicon Valley

“Confusion reigns in the political arena. Old labels no longer fit, and the citizenry seems torn between competing desires for saviors and scapegoats.” So began a 1995 story in WIRED on the state of digital-age politics. Electoral turmoil then amounted to a standoff between “a Democratic president, a Republican Congress,…

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Turkey’s economic crisis deepens as Trump doubles tariffs

US president has tweeted that our relations with Turkey are not good at this time! Turkeys unfolding economic crisis has deepened further after Andrew Brunson. Pressure has been applied on the country in recent days to stage an the president tweeted: Our relations with Turkey are not good at this…

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