The Duke of Sussex spoke about the Netflix show that's based on his family during his "Late Late Show" appearance Friday.
Pandemic takes its toll on IAG as losses mount with revenue down 70%.
(Bloomberg) -- CQS is shutting one of its best-performing strategies because the fund’s chief investment officer is leaving to join Citadel, adding to a string of departures from Michael Hintze’s hedge-fund firm.Prakash Narayanan, who ran CQS Global Relative Value, is exiting after more than three years, according to people with knowledge of the matter. He is joining Citadel’s Global Credit business as a portfolio manager to run a strategy similar to the one at CQS, a spokesman for Citadel confirmed.Narayanan’s was one of the senior partners that Hintze recently included in a succession plan. His strategy was a rare bright spot for CQS last year when the firm’s hedge funds tumbled, with the Global Relative Value fund surging 30% while Hintze’s flagship money pool slumped by a record 35% as his structured credit bets imploded, according to an investor document.Narayanan’s fund at CQS is being liquidated and money will be returned to investors on March 1, one of the people said. In his new role, the money manager will be based in London and report to Pablo Salame, head of Global Credit at billionaire Ken Griffin’s investment firm.Narayanan didn’t respond to a message seeking comment.Cutting CostsCQS is grappling with a shrinking hedge-fund business after poor returns and as it shuts non-core strategies to focus on its credit investing roots. The firm managed $21 billion at the end of January, but a vast majority of the assets was in a growing long-only, lower-fee business.In response, Hintze has moved to cut costs and reduce staff, rolled back an ambitious expansion and stepped up succession planning. Two equity trading teams have also left the firm to manage money outside.Narayanan, the former partner and head of European operations at Saba Capital Management, joined CQS as a senior money manager in 2017 and worked closely with Hintze’s Directional Opportunities Fund team.CQS started Global Relative Value in January last year with money from one of its consultant partners, to trade credit products and their derivatives such as credit default swaps. The fund manages $525 million, according to the investor document.Hintze last year included Narayanan in a group of senior partners, along with Michael Peat, Soraya Chabarek, Craig Scordellis and Jason Walker, to share higher equity stakes and develop a firmwide strategy.His departure follows the exit of Nick Pappas, one of CQS’s most senior portfolio managers, in December. Pappas left the firm to set up his own distressed debt investing fund in partnership with Ivelina Green, who until September was CQS’s head of special situations investing. Senior money managers Martin Davies and Steve Walters also left in recent months.(Updates with Narayanan’s move to Citadel from first 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.
Vaccines from AstraZeneca, Russia's Gamaleya Institute and Johnson & Johnson fight the coronavirus with another virus, leaving scientists concerned the shots may lose potency if annual inoculations become necessary to fight new variants. So-called viral vector shots - also used by several Chinese COVID-19 vaccine developers - use harmless modified viruses as vehicles, or vectors, to carry genetic information that helps the body build immunity against future infections. However, there is a risk that the body also develops immunity to the vector itself, recognising it as an intruder and trying to destroy it.
West Brom appointed Allardyce following the sacking of Slaven Bilic in December after the club recorded one win in their opening 13 league games. Allardyce has a reputation for helping struggling teams but it seems the task at West Brom might be beyond him. "Personally it would affect me, but it might not affect my credibility too much in terms of people know what I can do," said Allardyce.
References to George Orwell and Aldous Huxley are not exactly what one expects to hear in a pop song, least of all in the Central Asian nation of Kazakhstan where the political scene has been dominated by one party for almost three decades. So when Ninety One, a popular local band, released a song and a music video titled "Taboo" in the final days of 2020, it was likely to attract attention from beyond their usual fanbase. Having garnered more than 3 million views on YouTube, the song appears to have struck a chord with Kazakhs fatigued by the pandemic, economic woes, corruption and a lack of meaningful political competition.
The high street retailer continues to benefit from the pet ownership boom since the pandemic.
British Airways owner IAG hit by record €7.4bn loss Group calls for passenger digital health passes to ‘reopen skies’ as Covid takes tollCoronavirus – latest updatesSee all our coronavirus coverage International Airlines Group says passenger capacity last year was only a third of 2019 and in the first quarter of this year is running at only a fifth of pre-Covid levels. Photograph: Simon Dawson/Reuters
The average domestic flight was less than half full
A thug has been jailed for robbing a convenience store with a fake shotgun and slashing a cashier with a knife. CCTV images captured Edward Woodbridge, 43, with what appeared to be a shotgun threatening staff. In the dramatic footage a shopper jumps Woodbridge, there is a tussle then he runs and escapes in a bicycle.
(Bloomberg) -- The U.S. carried out air strikes in eastern Syria overnight on sites connected to Iranian-backed groups believed to be involved in recent attacks in Iraq, the first overt use of military force under President Joe Biden.The assault came after a series of rocket attacks in recent days on facilities in Iraq used by the United States, including one that killed a contractor working with the U.S.-led coalition in the country.At least 22 Iraqi militants allied with Iran were killed and three ammunition trucks were destroyed in the attack, according to the U.K.-based Syrian Observatory for Human Rights, which gathers information from a network of activists on the ground in Syria.There was no immediate response from the Syrian or Iraqi governments. “These strikes were authorized in response to recent attacks against American and coalition personnel in Iraq, and to ongoing threats to those personnel,” Pentagon spokesman John Kirby said in a statement Thursday night. “The strikes destroyed multiple facilities located at a border control point used by a number of Iranian-backed militant groups, including Kait’ib Hezbollah and Kait’ib Sayyid al-Shuhada.”At about 2 a.m. local time, a single F-15 jet fired on a cluster of buildings at a location believed to be a transit point for smuggling militia members into Iraq, according to a U.S. official. A handful of people were expected to be at the location, the official said.After a decade of civil war, Syria’s military is in little position to respond directly to a U.S. attack. The country faced two attacks by the U.S. military during former President Donald Trump’s tenure, both over President Bashar al-Assad’s use of chemical weapons in the conflict.By hitting a facility in Syria, the U.S. avoids raising tensions that would come with a direct strike on Iran, which the Biden administration is seeking to persuade to return to the 2015 nuclear deal Trump abanonded three years ago. It also avoids a U.S. strike inside Iraq, which would have caused embarrassment for the fragile U.S.-allied government in Baghdad. “The operation sends an unambiguous message,” Kirby said Thursday night. “President Biden will act to protect American and coalition personnel. At the same time, we have acted in a deliberate manner that aims to de-escalate the overall situation in both eastern Syria and Iraq.”The U.S. launched the strike one day after Biden spoke with Iraqi Prime Minister Mustafa Al-Kadhimi. The two leaders “discussed the recent rocket attacks against Iraqi and coalition personnel and agreed that those responsible for such attacks must be held fully to account,” the White House said Wednesday in a statement.(Updates with casualties in 3rd paragraph, Iraq context in 8th 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.
Police in Birmingham found 80 alligator heads at a house in Perry Barr after being tipped off that they were being sold on eBay.
Wide ranging report to free up rules and boost tech wins plaudits
Inspur Information Releases 2020 Global Computing Index Report
Pennsylvania man Richard Michetti apparently sent his ex-girlfriend text messages and two videos from inside the Capitol.
Vaccines from AstraZeneca, Russia's Gamaleya Institute and Johnson & Johnson fight the coronavirus with another virus, leaving scientists concerned the shots may lose potency if annual inoculations become necessary to fight new variants. Most vector-vaccine developers have opted to use an adenovirus, a harmless class of common-cold viruses."The experience with adenoviruses has been for many years that vectors can be intercepted by the immune system after repeat injections," said Bodo Plachter, deputy director of the Institute of Virology at Mainz University's teaching hospital.
"Dobbiamo dire grazie ai tedeschi che hanno anticipato i soldi, altrimenti l'ordine Eu di vaccini neanche partiva, mentre i cittadini europei morivano (e muoiono) a migliaia. Roba da matti. Tutto questo fa piangere il cuore un ultras europeista come me". Lo sfogo è del virologo Roberto Burioni, che in una serie di post pubblicati su Twitter in queste ore esprime commenti severi sulla politica vaccinale anti-Covid adottata dall'Ue. Nel 'mirino' del docente dell'università Vita-Salute San Raffaele di Milano finisce in particolare Sandra Gallina, direttrice generale Salute della Commissione Europea: "La funzionaria che ha condotto la trattativa dell'Eu per i vaccini è laureata alla scuola interpreti e ha avuto a che fare per la prima volta con la sanità nel luglio 2020. Prima si occupava di agricoltura e pesca. Non è questa l'Europa che voglio", scrive lo scienziato. Che postando i curricula di Gallina e Kate Bingham rincara: "A sinistra la persona che ha trattato per l'acquisto dei vaccini per l'Ue (Sandra Gallina, ndr). A destra la persona che ha trattato per l'acquisto dei vaccini in Uk (Kate Bingham, ndr). Trova le differenze". "La funzionaria che ha avuto la responsabilità per l'acquisto dei vaccini per Eu si è così espressa davanti al Parlamento Europeo", prosegue Burioni riportando uno screenshot dal sito europa.today.it: "Nel suo intervento davanti agli eurodeputati, la funzionaria italiana ha sottolineato che 'un buon vaccino' deve essere non solo efficace e sicuro, ma anche conveniente". Il virologo precisa poi che sul sito "la frase era presente prima della partenza della polemica", ed "è stata ora rimossa dall'articolo". Commenta però che "da cittadino, di fronte alla catastrofe, ho tutto il diritto di chiedere conto di questa affermazione riguardo alla 'convenienza' del vaccino". "Israele - osserva ancora lo scienziato - ha pagato i vaccini più del doppio dell'Unione Europea e ne ha in abbondanza. Ringraziamo l'Unione Europea per avere utilizzato con parsimonia il denaro delle nostre tasse evitando inutili sprechi, come l'acquisto di un vaccino salvavita". E poi ancora ironizza, postando dei grafici sui risultati ottenuti con la massiccia campagna di profilassi anti-Covid portata avanti da Israele: "Che spreconi questi israeliani a pagare il vaccino il doppio di quanto l'ha pagato l'Unione Europea. Che privilegio essere cittadini Eu". Chiosa infine Burioni, a commento di un'altra immagine grafica che confronta le dosi cumulative di vaccino somministrato ogni 100 persone in Israele, Regno Unito, Usa e Ue, e che vede la curva europea svilupparsi per intero sotto le altre 3: "Quando noi scienziati gridavamo disperati che bisognava 'appiattire la curva', a Bruxelles devono avere capito male. Non intendevamo questo".
(Bloomberg) -- Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic.President Joe Biden’s nominee for trade chief called on China to live up to the commitments in its trade pact with the U.S. -- the strongest signal yet that the new administration plans to build on the accord brokered by its predecessor rather than scrap it.China “needs to deliver” on the promises it made in the agreement, Katherine Tai, the pick for U.S. trade representative, told senators during her confirmation hearing on Thursday. She acknowledged that former officials have tried before to achieve structural changes in China’s economy and faced obstacles, saying the Biden administration needs to be “exploring all our options.”Tai received plaudits from Democrats and Republicans alike and is widely expected to be easily confirmed. Her promise of a process- and consultation-driven approach is welcomed by lawmakers after four years of chaos under Donald Trump, with tariff actions often coming as surprises announced via Twitter.But Tai offered few details on plans to hold China accountable. Given broad support for her confirmation, the hearing was more a chance for senators to publicly ask her about issues important to their constituents than to push her for answers, said Simon Lester, the associate director of the Center for Trade Policy Studies at the Washington-based Cato Institute.“She was controlled, she was measured, she did what needed to be done,” Lester said. “The votes are not in doubt, so she didn’t have to push hard and ‘wow’ anybody. She needed to not make any mistakes.”China-U.S. trade ties are mutually beneficial, Chinese Foreign Ministry spokesman Wang Wenbin said at a regular briefing Friday in Beijing. “Both stand to win from cooperation and lose from confrontation,” he said. “Cooperation is the only correct choice for both.”Biden this week directed his administration to identify supply chain vulnerabilities for key goods like semiconductors and rare earths -- materials where the U.S. is heavily dependent on other countries, including adversaries like Beijing.When asked if her predecessor was on the right track to re-shore critical supply chains to the U.S., Tai said she wants to accomplish “similar goals but in a more process-driven manner.”The U.S. and China fought a trade war under Trump that continues to see tariffs applied on about $335 billion of Chinese goods annually. In the agreement reached in 2020, China promised to purchase more American products. Beijing missed its 2020 trade-deal targets as the global pandemic upended shipping and supply chains.China also pledged to combat the theft by Chinese companies of U.S. intellectual property and to do more to enforce IP rights in the country while also opening up its domestic market to U.S. financial service providers.The White House has said the trade deal, as well as other China-related actions taken by the previous administration, are under review until the Biden team decides on a path forward.Tai is expected to pursue a hard line in U.S.-China negotiations while also embarking on a more methodical and practical style to distance the Biden administration from the chaos that defined the Trump team’s trade agenda. Tai, whose nomination requires Senate approval, will play a key role in setting and implementing Biden’s trade policy, which they both have promised to focus on workers and the middle class.Among the trade challenges facing the Biden administration is deciding what to do with the phase-one deal that President Donald Trump struck with China in early 2020 and the hundreds of billions of dollars in tariffs that remain in place. Biden has pledged to work with allies to confront China rather than face the nation alone as Trump did, a theme echoed by Tai.Tai committed to a top-to-bottom review at the USTR with regard to addressing China, telling Senator Rob Portman -- who said he did such a review when in the job 16 years ago -- it was an “excellent idea.” She noted the Biden administration already has committed to a “holistic review” of China policy.Work With AlliesTai acknowledged that working with allies on shared challenges like China will be “hard work” and requires difficult conversations. At the same time, she pledged to find ways beyond the national security tariffs that Trump used to protect domestic steel and aluminum from imports, particularly those from China.Without going into specifics of how she would address tariffs, export bans and other key issues, Tai said she knows the “opportunities and limitations in our existing toolbox” and that tariffs are a legitimate tool. At the same time, she pledged to find ways beyond the national security tariffs that Trump used to domestic steel and aluminum from imports, particularly those from China.“We must recommit to working relentlessly with others to promote and defend our shared values of freedom, democracy, truth, and opportunity in a just society,” Tai said.Tai, in the prepared remarks, touted her own experience as the chief counsel for China enforcement for three years at USTR, saying that she knows firsthand the importance of holding the nation accountable for its unfair trade practices, but also the dexterity required in U.S. policy.Key FigureTai spent the past four years as the chief counsel for Democrats on the U.S. House Ways & Means Committee responsible for trade. She was a key figure in negotiations with the Trump administration and House Speaker Nancy Pelosi on a revamped North American Free Trade Agreement, which passed both the House and Senate with overwhelming bipartisan majorities and was signed by Trump last year.The bipartisan support extended to Tai’s confirmation hearing. While nominees traditionally get an introduction at the hearing from a lawmaker of the same party, Tai was flanked by the Democratic chair of the Ways and Means panel, Richard Neal, as well as its top Republican, Kevin Brady. Brady praised Tai for her “impeccable” credentials during the hearing.Tai said that her top priority for the Nafta replacement deal, called the U.S.-Mexico-Canada Agreement, is to use the enforcement tools, particular those for labor that she negotiated.“The key to using the USMCA and making it successful is to exercise the tools that were so hard fought in being incorporated into the agreement,” she said.(Updates with comments from China’s Foreign Ministry in sixth 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 head of state, who was inoculated in January, said that her injection ‘didn’t hurt at all’.
The Bank of Japan will for the first time highlight climate change risks as among key themes in its bank examinations this year, sources said, joining major peers moving to gain research clout on the effects of global warming. In guidelines on the examinations due next month, the BOJ will clarify its readiness to coordinate with Japan's banking regulator in analysing the impact of climate risks on financial institutions, said three sources familiar with the matter. The central bank will also beef up cooperation with the regulator, the Financial Services Agency (FSA), in studying European examples and specific ways to measure financial risks associated with climate change, they said.