As only the French can, Edouard-Francois de Lencquesaing, president of the European Institute of Financial Regulation (EIFR), knows how to get up English noses. Waving off the impact of Brexit for the EU's only global trading center, the City of London, he told an audience at the Krynica Economic Forum in Poland, "The rise of London as a global financial center was a mere accident of history." Anglo noses of all political colors were put out of joint. "Like all industries, London at some point benefitted from the proximity of commodities, traders, intermediary institutions like insurance, but like all industries, it has to change and will," de Lencquesaing continued. London dominates markets like global foreign exchange and commercial insurance and is home to international bond trading and fund management. About a third of the transactions involve clients in the EU. The financial services sector accounts for about 12 percent of Britain's GDP and employs 1.1 … [Read more...] about Will Brexit kill The City?
Britains second city
President Vladimir Putin personally gave a dressing down to the head of Russian spy agency GRU over 'deep incompetence' shown in the Salisbury poisonings and other international operations. GRU chief Col-Gen Igor Korobov, 62, reportedly emerged shaken and in sudden 'ill health' after his confrontation with the furious Russian president. Korobov's telling off came as the second Salisbury suspect was named as a GRU doctor, who gave himself away by using his first name and real date of birth on his fake identity passport. Dr Alexander Mishkin's false identification papers also listed GRU headquarters in Moscow as his home address. Telling off: The head of GRU, Col-Gen Igor Korobov, 62, reportedly emerged shaken and in sudden 'ill health' after being given a dressing down by the President himself Bellingcat has revealed the second suspect in the Sergei and Yulia Skripal poisoning case, naming Dr Alexander Yevgenyevich Mishkin. The website reports Mishkin travelled to Salisbury under … [Read more...] about Head of the GRU is in ‘ill health’ after furious dressing down from Putin about the ‘morons’ behind the novichok attack – as second spy is revealed to be Russian military doctor
Hamid Farahi Alamdari was full of stories. When he was living out of his car in a Tesco car park in Harlow, Essex, he told anyone who would listen about his exciting past as an avionics engineer, Iranian war veteran and physicist. Then there was his pièce de résistance: the time he was shortlisted to be Stephen Hawking’s assistant. “I took it all with a pinch of salt at first because he was telling me all these stories and I could tell he was a drinker,” says account manager Adam Protheroe. “He could have been anybody. He could have told me that he was the king of Iran and I wouldn’t have known any better.” Protheroe became close friends with Hamid in 2017. “I’d seen him around and he was living in a Peugeot 206 that was parked up just around the corner. I came back a couple of days later with a bag full of clothes and bits and pieces and socks. My wife cooked him a nice meal and I took it down to him in a little box and started … [Read more...] about A gifted physicist reduced to living in his car: what killed Hamid Alamdari?
Today is Diwali Day, when, annually, tens of thousands of people gather in Leicester to celebrate the festival of light and the start of the Hindu new year. Here are some of the city's best budget eateries, on Belgrave Road and beyond. 1. Curry Capital of Britain Technically, Leicester only holds the crown by default. It won the title in 2007, and, until this year (a new 'capital' will be announced in December), that's the last time the competition was held. However, no-one would deny this city of masala magicians its extended moment in the spotlight. I've highlighted a few specific venues, below, but, in Leicester, the curry-loving budget traveller is spoilt for choice - particularly along Belgrave/Melton Road, centre of the Diwali Day celebrations. The local Asian population is predominantly Hindu, which means the city has an unusual number of fantastic, cheap vegetarian cafes. Mirch Masala (Market Street, +44 (0)116 247 0080; mirch-masala.co.uk) does a curious sideline in Mexican … [Read more...] about Leicester’s top 10 budget eats for Diwali
It is one of the most shuddered-at chapters in the story of art. In July 1937, Nazi officials turned up in full uniform alongside evening-suited cultural eminences of the Third Reich at an art gallery in Munich for the opening of the Exhibition of Degenerate Art. They came not to praise modern art, but to laugh at it. Pablo Picasso, Henri Matisse, Marc Chagall, Otto Dix, Georg Grosz, Ernst Ludwig Kirchner – the masters of modernism, including giants of Germany's own avant garde, were shown in this exhibition as deviant, decadent practitioners of so-called Degenerate Art – "Entartete Kunst". Sections of the show had titles such as "Total Madness", "The Prostitute Raised to a Moral Ideal", "The Negroisation of Art". Modern art was interpreted in the catalogue as a conspiracy by Russian Bolsheviks and Jewish dealers to destroy European culture. The admiration for African carvings that had so fired Picasso and other artists was taken as proof of modern art's racial … [Read more...] about Does the Munich hoard turn the story of art and the Nazis on its head?