A French court on Friday upheld a police ban on a pro-Palestinian demonstration planned for Saturday in Paris, lawyers for the organisers said, adding that they would appeal the decision. However the protest organisers said they had no plans to call off Saturday's action."We refuse to silence our solidarity with the Palestinians, and we will not be prevented from demonstrating," the Association of Palestinians in the Ile-de-France capital region said shortly after the court ban was announced.Earlier representatives of the association told AFP that France is "the only democratic country to forbid these demonstrations".Police on Thursday banned Saturday's demonstration called over the ongoing conflict with Israel, fearing a repeat of clashes during a similar protest in 2014.Following the failure of their initial petition, the lawyers now say they will appeal to France's top administrative court, the Conseil d'Etat.Sefen Guez Guez, one of the lawyers, had earlier called the police ban "disproportionate" and "politically motivated".Police chief fears 'serious disturbance'Paris police chief Didier Lallement said allowing the demonstration would risk "a serious disturbance of public order", adding that he feared "acts against synagogues and Israeli interests".While he referred to violence at the 2014 demonstration, Guez Guez responded that there had been "no problem at all" at many protests since.The planned demonstration would target France's government as well as Israel, with organisers saying Paris is too favourable towards the Middle Eastern state.President Emmanuel Macron's office said he spoke with Israeli Prime Minister Benjamin Netanyahu on Friday, offering his "condolences for the victims of the rocket fire claimed by Hamas and other terrorist groups".The statement said Macron urged a return to peace, "and also communicated to his counterpart his concern about the civilian population in Gaza".French politicians were mostly split along party lines over the protest ban, with Macron's centre-right party and the right-wing opposition supporting the move, while leftists called it an unacceptable attack on freedom of expression.But Paris mayor Anne Hidalgo, a Socialist, said the government had made a "wise" decision.Interior Minister Gerald Darmanin on Thursday told police chiefs elsewhere in France to keep a close eye on planned demonstrations and also ban them if necessary, and to bolster police protection of the Jewish community.Worldwide, only Israel and the United States have bigger Jewish populations than France.Beyond the Paris ban, police in Mediterranean port city Marseille said a march there must be converted into a stationary protest, while Darmanin said another in eastern Strasbourg was also blocked.Police in Lyon and Bordeaux told AFP that there were no restrictions on rallies there.Israel bombarded Gaza with artillery and air strikes on Friday following a new barrage of rocket fire from the Hamas-run enclave, intensifying a conflict that has now claimed at least 141 lives.(AFP)
The Stormont minister defeated Sir Jeffrey Donaldson 19 votes to 17 in the race to succeed outgoing DUP leader Arlene Foster.
JPMorgan Chase & Co. (NYSE: JPM) ("JPMorgan Chase" or the "Firm") has declared dividends on the outstanding shares of the Firm’s Series V preferred stock. Information can be found on the Firm’s Investor Relations website at https://www.jpmorganchase.com/ir/news.
Poll: Vaccinated Americans are ready to drop their masks after CDC shift. But they’re not ready to socialize with the unvaccinated.
What do you get when three hulking, Bills rookie offensive linemen wind up squeezing onto the same commuter plane to Buffalo? “It was quite the scene,” interior lineman Jack Anderson said Friday, recalling how he and fellow draft picks, Spencer Brown and Tommy Doyle, wound up on the same connecting flight from Chicago to report for the Bills’ rookie camp. At 6-foot-4 and 314 pounds, Anderson is the smallest of the group, and selected in the seventh round out of Texas Tech.
Researchers spotted the critically endangered North Atlantic right whales on a recent trip to Cape Cod Bay, Massachusetts.
Veracyte announced data at ATS 2021 reinforcing the diagnostic performance and utility of the Envisia Genomic Classifier in ILD diagnosis
FG Financial Group, Inc. (Nasdaq:FGF) (the "Company"), a reinsurance and investment management holding company focused on opportunistic collateralized and loss capped reinsurance, while allocating capital to SPAC and SPAC sponsor-related businesses, today announced results for the first quarter ended March 31, 2021.
One of the creators of dogecoin has noted that he “didn’t consider” the environmental impact of the cryptocurrency, which was initially created as a joke. Over recent months, the shiba inu-themed cryptocurrency has become one of the world’s most prominent and fastest growing. Mr Musk’s endorsement meant that dogecoin was dragged into the fallout of Mr Musk’s announcement that Tesla would stop taking bitcoin as payment, as a result of the climate costs underpinning the cryptocurrency.
(Bloomberg) -- Credit traders who feel stiffed after a banner year are finding a hot market for their services.Hedge funds fresh off their best performance in years are aggressively hiring, recruiters say. Banks including Barclays Plc, Goldman Sachs Group Inc. and HSBC Holdings Plc have suffered senior defections to the buy side in recent weeks. Barclays has tried promotions and pay promises to stem defections.“Whoever writes the biggest check is the winner,” Jason Kennedy, chief executive officer of U.K.-based recruiting firm Kennedy Group, said in an interview. “There is no loyalty left.”While spring moving season is nothing new on Wall Street trading desks, observers say star performers in the world of corporate credit are in particularly high demand. Adding to the turnover is discord after banks that saw trading revenue surge in 2020 kept a lid on pay because of struggles in other parts of their business. Hedge funds are trying to follow up a divisive period of pandemic-driven earnings with new strategies that benefit from outside expertise.“This year, they have targeted the credit space,” Kennedy said. “That’s why the market is moving so much.”The pressure has been felt at HSBC, where a swath of senior traders left the U.S. business in recent months as the bank restructures operations in New York and around the world. At least 10 traders are leaving the credit desk, and a spokesman has said the group was actively hiring.At Barclays, departures from the credit desk have included Ovie Faruq, director in U.S. high-yield cash and derivatives trading in New York; Shrut Kalra, head of European investment grade trading; Taymour El Chammah, global head of macro credit trading; and John Cortese, co-head of U.S. credit trading. Several are joining hedge funds.In response, the London-based bank has offered some of the team promotions and assurances about future pay. However, the tone at the top is one of caution on costs. CEO Jes Staley increased bonus accruals across the bank in the first quarter, but has said that this spending “is a very controllable number so if our performance weakens we can take it right down again.”Goldman’s head of European macro credit trading Jasdeep Singh Aneja is leaving to join hedge fund Millennium Management.“Hedge funds are hot, they have had a good few months and they’ve raised a tremendous amount of money,” said Alan Johnson, managing director of the Wall Street compensation consultancy Johnson Associates. “If you’re a trader, they’re an attractive destination. They’re real competition for the really good or the really great traders.”Credit trading was a boon for investment banks last year as the pandemic sent bonds on a roller coaster. The trading desks buy and sell bonds and loans issued by corporations and also deal in derivatives linked to their financial health.A record $39 billion of U.S. corporate debt changed hands on average every day last year, helping the biggest banks generate the most credit-trading revenue since 2013, according to data from the Securities Industry and Financial Markets Association and Coalition Development Ltd.Hedge funds are also pursuing these gains. Oaktree Capital Management this week teamed up with investment manager Schroders to launch a global multi-strategy credit portfolio.The strategy is not without its risks: Earlier this month a slew of hedge funds took out short positions on European bonds they saw as overstretched.The turnover “isn’t specific to credit,” and traders have been on the move for some time, said Ilana Weinstein, who runs Wall Street recruitment firm IDW Group LLC.“Migration of sell-side to buy-side has been happening since the crisis with disappointing bonuses, cost-cutting and reduced ability to take risk at the banks,” she said. “The question is why someone is still sitting on sell-side if they want to be in a risk-taking versus franchise trading seat. I would argue much of the best trading talent left long ago.”(Updates with Johnson’s comment in 10th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The newest Marvel star has been putting in work for his upcoming film Shang-Chi and The Legend of The Ten Rings — and it shows
‘It’s hard to look at’: Donald Trump makes National Portrait Gallery debutPhoto of ex-president will make way for a painted portrait as gallery says Trump’s team is considering artists A photo of Donald Trump at the National Portrait Gallery in Washington DC. Photograph: Jim Watson/AFP/Getty Images
(Bloomberg) -- California Governor Gavin Newsom, battling an effort to oust him in a recall election, proposed a 19% increase in spending for the next fiscal year as he seeks to plow an unprecedented tax windfall back into the economy.His $196.8 billion budget includes $600 checks to low- and middle-income residents, money to help renters in some of the country’s most expensive housing markets and funds to tackle a surge in homelessness in Los Angeles and San Francisco, where the proliferation of sprawling camps have become a top issue for voters. With federal stimulus dollars added to the windfall, schools, transportation and emergency preparedness initiatives would all see spending increases. Pay cuts and salary freezes for state employees would end.“This budget is not just going to set this state up for a comeback, but a remarkable decade and century ahead,” Newsom said during a briefing Friday in Sacramento.The governor’s budget is heavy on help for the state’s lower-income residents, tapping a massive $75.7 billion operating surplus over the past year coupled with federal stimulus aid to pay for a $100 billion economic recovery plan. Investing in his base’s priorities will help Newsom as he fights a likely recall election in the fall in which several Republicans, including the former Olympic star Caitlyn Jenner, have announced they will run.Reserves of around $24 billion are at a record high, the Democrat said during the briefing. The budget also calls for $3.4 billion next year to pay down retirement liabilities.With a progressive tax system that rakes in more revenue when the income of the highest earners rises, California has collected more than it expected from its wealthiest residents. That group has reaped the benefits of rising stock prices and stable employment even as lower-income workers lost their jobs in the pandemic. The top 1% of earners pay nearly half of personal income-tax collections.Indeed, personal income-tax wage withholding receipts increased by 7.4% year-over-year despite the pandemic, easily topping the 5.6% rate the administration expected in January. Much of the excess stemmed from a surge in financial assets that will push capital gains realizations to a record $210 billion this year.Of the $75.7 billion surplus, Newsom and legislators can chose how to spend about $38 billion since the remainder is already earmarked. The legislature must approve the budget by June 15.Newsom’s spending plans include:$15 billion for kindergarten to grade 12 schools$12 billion to address homelessness$11 billion for transportation$8 billion in new direct cash payments to residents$5.2 billion for renter assistance$3.5 billion for affordable housing$2 billion to cover overdue water and utility bills$2 billion for emergency preparednessFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Carpeting takes a back seat to attention-getting Italian tiled flooring
When it comes to Michelle Obama's iconic looks, the former first lady puts her trust in stylist Meredith Koop, makeup artist Carl Ray and hairstylist Yene Damtew
Micheal Martin said he assured Prime Minister Boris Johnson that the European Union ‘wants to be constructive’.
The Independent Panel for Pandemic Preparedness and Response (IPPPR) issued a report earlier this week with recommendations on improving global pandemic preparedness. AIDS Healthcare Foundation (AHF), the world’s largest provider of HIV/AIDS care globally, has characterized the report as a restatement of previous well-reasoned but unimplemented attempts at global public health reforms. These most recent suggestions leave the World Health Organization (WHO) to carry on a central role in future pandemic responses despite criticizing its poor performance during COVID-19.
CIRI Ontario members elected 12 nominees to the Executive including Greg Blazina, Head of Canada at Business Wire, who was re-appointed as Chair.
The Internal Revenue Service is reviewing the tax returns of 10 million people and will begin issuing additional refunds this week.
Less than 3% of the roughly 30 million small-business owners in the United States could face tax increases under President Joe Biden's jobs and infrastructure plan, according to a new analysis by the White House on Friday. The White House has been seeking to leverage the support and political popularity of small-business owners in its fight to raise the corporate tax rate from 21% to 28% on large corporations such as Walmart Inc and Amazon.com Inc. The move has faced stiff opposition from large national trade groups like the U.S. Chamber of Commerce and the Business Roundtable.