Qatar not to change visa rules after all
Qatar has decided not to introduce new rules that would have required 33 nations to obtain visas before arriving in the tiny Gulf State. The reversal of this unpopular move came after widespread lobbying by…
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Hated Goldman Sachs outwitted by politics not money
Goldman Sachs is unbeatable on its own playing field, even if all the other teams have gone home. But politics are another matter. The experts in Washington will win hands down.
This is not the…
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New ash clouds keep London airports closed again
Hopes for resumed air travel between the UK and Gulf States were dashed today as the volcano in Iceland emitting clouds of dust showed signs of new activity. All the London airports remain closed indefinitely,…
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Lunch at The Ritz in Madrid
The artist Salvador Dali always took his lunch at The Ritz when he visited Madrid. Today the hotel is no longer the official residence for foreign visitors to Spain but this remains the hotel of…
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$10m a day Emirates’ loss latest blow to Dubai recovery
Emirates Airline is losing $10 million a day because of the grounding of planes in Europe by volcanic dust clouds over the past five days, The Financial Times reported today. This is the latest blow…
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Desperate complacency over global stock markets
An absurd complacency has settled over global stock markets just as the edge of the cliff looms with no less than three major stock reversal events.
First, we have the SEC suing Goldman for wrong…
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Will the New Media replace the old?
It is getting remarkably cheap to launch New Media that can instantly compete on almost level playing fields with the established media. Does that mean their days are numbered?
Certainly in their present incarnations the…
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No different this time so what comes next?
With Goldman Sachs sued for fraud by the SEC the stock market is starting a big tumble. Then there are the clouds of volcanic dust keeping European flights on the ground. The bear market rally…
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Two black swans crash Wall Street
News that the SEC is to sue Goldman Sachs sent Wall Street into a tailspin on Friday, while those on the other side of the pond saw half of flights grounded in Europe.
Two black…
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Nutty overconfidence fuels global markets beyond pre-crisis levels
It is astonishing to see the Dow Jones back above 11,000 and the FTSE heading for 6,000 again. These are pre-crisis stock market levels, and yet nobody would contend that the global economy is back…
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