By Hugh Schofield Published 15 March 2016 Share close Share page Copy link About sharing About 18,000 people in France are believed to have been defrauded in one of the biggest ever arts-market scams. They bought shares in rare manuscripts and letters to a value of nearly 1bn euros, before the company behind it was shut down by regulators. Now the victims of Aristophil want to know what is left of their investment. Up until a few months ago you could visit a place called the Museum of Letters and Documents, on the Boulevard Saint-Germain in the heart of literary Paris. Even this morning, Wikipedia English said the museum - with its stock of 130,000 rare manuscripts - was open for business. It isn't. What was once the haunt of dreamy youth is now a branch of Bang and Olufsen. The documents are in a warehouse in Seine-Saint-Denis. The closure followed the disgrace of a businessman … [Read more...] about Were investors conned into buying rare manuscripts?
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Telegraph readers on the Budget: ‘UK is ahead of the EU at being able to restart our economy’
Outlining his spring Budget in the House of Commons, Chancellor Rishi Sunak confirmed that the furlough scheme will be extended until the autumn . Also included in the Budget was the news that the Universal Credit top-up of £20-per-week will continue for a further six months, the business rates holiday in England will continue from April until June and the stamp duty holiday will be extended until the end of June. However, the Chancellor also announced that corporation tax will increase to 25 per cent from 2023 and income tax thresholds will freeze. The UK is also set to borrow a peacetime record of £355bn this year and it will be the work of many governments over many decades to pay back what has been borrowed, according to the Chancellor. Telegraph readers have reacted to Mr Sunak's Budget statement. Read on for the best discussion points from our readers and share your own view in the comments section at the bottom of this article. 'This doesn't mean that lockdown … [Read more...] about Telegraph readers on the Budget: ‘UK is ahead of the EU at being able to restart our economy’
Prices of oranges, flour and coffee jump amid panic-buying
At the climax of the classic 1980s film Trading Places , the attempt by rapacious brokers Mortimer and Randolph Duke to corner the market by buying orange juice futures ends in bankruptcy after the price collapses. The duo might have had more success this year. Orange juice futures are the best performing "soft" commodity since the coronavirus outbreak struck with the price up by a quarter in the past month to 119c per pound. American consumers fearful of shortages have been stockpiling the juice in their freezers. Ole Hansen, head of commodities at Saxo Bank - and a fan of the film - says: “This time the virus has cornered the orange juice market.” Orange juice may have seen the biggest gains but the picture for "softs" is decidedly mixed. Some have been beneficiaries of the short-term stockpiling effect. But others - like corn and sugar - have suffered as a result of a collapsing oil price , while cotton has been hit due to the dire economic outlook as billions adjust … [Read more...] about Prices of oranges, flour and coffee jump amid panic-buying
Crossrail house price hotspots: Reading, Maidenhead and Slough are set to reap the benefits from Elizabeth Line opening
Crossrail may be billions of pounds over budget and three-and-a-half years late but it's finally ready to roll. This extraordinary feat of engineering is due to be put into service on Tuesday, when it will adopt its correct title of the Elizabeth Line. The Queen made a surprise visit to Paddington station this week and officially opened the line. On the line: The Thames flows through Maidenhead, which will now enjoy a direct link to Central London thanks to its new Crossrail station Linking Shenfield and Abbey Wood in the east with Heathrow and Reading to the west of the capital, it will bind together existing commuter railways, accelerating cross-city travel and relieving overcrowding on the London Underground — particularly the often hellish Central Line. Commuters' journey times will be slashed; Reading to London Liverpool Street, for example, will take under an hour. RELATED ARTICLES Previous 1 Next Back to school! As Farrow & … [Read more...] about Crossrail house price hotspots: Reading, Maidenhead and Slough are set to reap the benefits from Elizabeth Line opening
A majority of Americans oppose Trump’s crack down on birth control, women’s health care, polls show
President Donald Trump's moves to restrict abortion and birth control protections appear out of sync with the majority of Americans, according to recent polling by Kaiser. The Trump administration has repeatedly tried to finalize rules limiting women's reproductive rights—only to be held up in court . Most recently, the 9th Circuit said various federal wings lacked the authority to enforce rules that let various business, citing moral and religious reason, off the hook for covering birth control. Outside the appeals court, it appears Trump's moves are similarly unpopular. Fifty-seven percent of 1,201 respondents, as well as most Democrats, independents and women opposed the exceptions to birth control coverage as of November 2018, according to Kaiser's ongoing public opinion project on women's health and preventative care. Kaiser issues similar surveys a monthly basis. An October poll of more than 1,000 respondents found Democrats want their presidential candidates to pay … [Read more...] about A majority of Americans oppose Trump’s crack down on birth control, women’s health care, polls show
Boris Johnson jumps out of the partygate frying pan into the inflationary flames
Boris Johnson has seemingly survived partygate; but can he survive harsh economic reality? Is this, in other words, a case of out of the frying pan of rule-breaking trivia into the potentially far more lethal flames of a seemingly intractable cost-of-living crisis? The Prime Minister is burning through his nine lives with ferocious speed, yet it is just about possible to see how he might see this one off too. To be sure, the economic narrative as it now stands is grim, with inflation surging to levels not seen since the early 1980s and the chances of recession rising by the day. Some business leaders I talk to already regard another near-term recession as inevitable. Indeed, the parallels with the early years of the first Thatcher government – when a global recession, initially prompted by an oil price shock, tore through the UK economy, with devastating consequences for inflation, interest rates, and employment – are quite striking in this regard. Without the triumph of the … [Read more...] about Boris Johnson jumps out of the partygate frying pan into the inflationary flames
Dismal wheat harvest could push up the price of bread
The worst wheat harvest in four decades could cause the price of flour and bread to rise, farmers have warned. Heavy rain and flooding meant only 40pc of wheat was planted last year compared to normal, while this year droughts followed by rain in the summer have meant the crop has been of a poor quality. The harvest crisis, along with the risk that the UK’s farming sector could be hit with tariffs if Brexit talks fail , could push up the price of flour and bread. Farmers told Sky News they feared the price of wheat would go up with a knock-on effect on consumers. Ed Horton, a farmer near Cirencester in Gloucestershire, said: “It has a huge knock-on effect on our finances. We’ve produced a third of what we usually would, therefore there’s a large hole in our cash flow and we’ve had to replace wheat with other crops that we don’t make as much money out of. “For the food chain, there’s a lack of domestically produced quality wheat so we may end up having to import wheat from … [Read more...] about Dismal wheat harvest could push up the price of bread
Violent attacks on elderly Asian Americans in Bay Area leaves community members ‘traumatized’
A reported string of nearly two dozen violent, unprovoked attacks against Asians and Asian Americans in the Bay Area in recent weeks has left the community on edge, advocates say. While police say the motive for the attacks -- which include robberies and people being assaulted -- is unclear, it comes amid continued concern about anti-Chinese and anti-Asian sentiment surrounding the coronavirus pandemic and its origins in Wuhan, China. Since the beginning of the pandemic Asian American communities have been the target of and on guard for hate. Critics say former President Donald Trump helped fuel hate towards China and Chinese Americans over this issue since the beginning of the pandemic, often derisively referring to the coronavirus as the "China virus" or "Kung flu," and continuously blaming China for the pandemic. President Joe Biden has since signed an executive order directing federal agencies to combat coronavirus-fueled harassment and called the attacks on … [Read more...] about Violent attacks on elderly Asian Americans in Bay Area leaves community members ‘traumatized’
Best players who left Chelsea on a free transfer as Antonio Rudiger heads to Real Madrid, including Lampard and Drogba
CHELSEA face a free transfer exodus. German international Antonio Rudiger is Real Madrid-bound, after failing to agree a contract with the Blues. Fellow defender Andreas Christensen is also set for LaLiga - with Barcelona leading the chasing pack for the Denmark star's signature. But the Premier League giants have done this dance before - losing a host of great players on free transfers in the past. Here's the best who have left for nothing over the years. Frank Lampard Read more in football BLUES NEWS Chelsea secure top four, Pulisic 'unhappy with Tuchel', Kounde transfer MONEY BACK Chelsea vs Leicester bonus: Get money back as CASH if you lose - 18+ T&Cs apply Chelsea's all-time top goalscorer, Lampard signed for MLS side New York City in 2014. However, rather than wait till January for the US season to start, he was controversially loaned out to Manchester City for match fitness. … [Read more...] about Best players who left Chelsea on a free transfer as Antonio Rudiger heads to Real Madrid, including Lampard and Drogba
How much do Premier League referees get paid and who makes the most?
Premier League footballers are loaded, everyone knows that. England and Wales ’ top flight is a gold mine, with huge sums of money sloshing around on transfers, wages, stadiums, hospitality and so on. But one little gap in the payday party that rarely gets any attention is the ever-present but often-forgotten referee (until they give a penalty for a soft foul, that is). Referees are highly trained, internationally renowned masters of their crafts, each possessing a near-superhuman ability to spot tiny details in extraordinarily fast-moving environments - but do their pay packets reflect this? How much do Premier League referees get paid? According to data gathered by Sportek and SportingFree , referees can earn some pretty hefty piles of cash for their troubles - something they perhaps deserve given the constant verbal reminders that everyone in the stadium can do better at their jobs than they can. The data comes from the 2020/2021 season and claims that … [Read more...] about How much do Premier League referees get paid and who makes the most?