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  • International Business Times
  • Bryson Tiller Releases New Album A Month Early: Twitter Reacts To ?True To Self?

    Bryson Tiller Releases New Album A Month Early: Twitter Reacts To ?True To Self?
    On Friday morning, R&B singer Bryson Tiller released his new albumá?True to Self? oneámonth early. The sophomore album from the Kentucky singer was originally set to drop on June 23, so fans of the artist were caught off guard when the album popped up on iTunes and Spotify.
  • Federal Prosecutor Found Dead Of Possible Gunshot On Florida Beach

    Federal Prosecutor Found Dead Of Possible Gunshot On Florida Beach
    A federal prosecutor who was found dead on a Florida beach Wednesday may have been the victim of a crime. Police announced Fridayábe investigating the death of Beranton J. Whisenant Jr., who worked at the U.S. attorney's office in Miami, as a homicide.á
  • Summer TV Shows 2017: All The Series And Season Premiere Dates You Can?t Miss

    Summer TV Shows 2017: All The Series And Season Premiere Dates You Can?t Miss
    You don?t have to wait until theáfall to enjoy new TV shows. Summer 2017 is going to be filled with series and season premieres both on cable networks and streaming platforms. Before Memorial Day weekend kicks off, check out these nineácan?t miss TV shows coming this summer. ?House of Cards? - May 30
  • Volcanoes On Jupiter?s Moon Io Make Auroras, Not Sun?s Electric Storms

    Volcanoes On Jupiter?s Moon Io Make Auroras, Not Sun?s Electric Storms
    The swirling colors called auroras that dance in Earth?s atmosphere are famous but they are not even the best light show in the solar system. Jupiter has auroras much more powerful thanáour planet, and scientists have finally figured out why that is: moon volcanoes.
  • Amber Portwood Tweeted Cryptic Message Amid Matt Baier Sex Tape Meeting With Porn Company

    Amber Portwood Tweeted Cryptic Message Amid Matt Baier Sex Tape Meeting With Porn Company
    ?Teen Mom OG? star Amber Portwood tweeted a cryptic message about making her own destiny on the same day she met with Vivid Entertainment to consider a sex tape with fiancÚ Matt Baier. Even though the couple has a tumultuous relationship ? they called off their wedding twice ? they might take the famous porn company up on the deal.
 
 
  • The Economist: Finance and economics
  • One bitcoin is worth twice as much as an ounce of gold

    One bitcoin is worth twice as much as an ounce of gold

    Fans of bitcoin, a crypto-currency, have long called it digital gold. Now this sounds like an insult: continuing its stellar rise, and adding more than 30% to its value in just a week, one bitcoin is worth more than $2,600, over twice as much as an ounce of gold. As The Economist went to press all bitcoins in circulation were worth over $43bn. A sum of $1,000 invested in bitcoins in 2010 would now be worth nearly $36m. Other crypto-currencies are also marching upward: together this week they were worth $87bn. But if the history of gold is any guide, what goes up will come down?and then go up again.

  • How becoming a Hong Kong pensioner can save you tax

    How becoming a Hong Kong pensioner can save you tax

    Not dodging but shuffling

    THE global war on tax evasion rumbles on. What began as an American onslaught, with the Foreign Account Tax Compliance Act (FATCA) of 2010, has been joined by more than 100 countries through an initiative called the Common Reporting Standard (CRS). Under this, governments will exchange tax information on their financial firms? clients on a regular, ?automatic? basis, without having to be asked for it, starting this year. Holdouts such as Panama, the Bahamas and Lebanon have, one by one, been frogmarched into line.

    But tax-dodgers and their advisers are enterprising sorts, eager to clamber through the smallest loophole?and gaps in the CRS there are. One involves becoming a pensioner in Hong Kong.

    The territory, home to a big financial centre, has a type of pension known as an ORS (for Occupational Retirement Scheme). The beauty of ORS from a tax evader?s point of view is that anyone can get one and they are not...

  • A new code aims to clean up the foreign-exchange market

    A new code aims to clean up the foreign-exchange market

    FINANCIAL-MARKET traders have earned a pretty shocking reputation in recent years. From manipulating LIBOR, a benchmark interest rate, to rigging the daily fix of foreign-exchange (FX) rates, traders have shown themselves ready not just to stretch the rules, but to collude in outright illegality.

    A global code of conduct for the FX market, unveiled on May 25th, aims to put things on a sounder footing. Drawn up over the past two years by a coalition of central bankers, known as the FX Working Group (FXWG), and supported by a panel of industry participants, the code?s 55 principles lay down international standards on a range of practices, from the handling of confidential information to the pricing and settlement of deals.

    Such standards seem long overdue in the massive FX market. Roughly $5trn is traded every day (see chart). Many companies, pension funds and money managers depend on banks to hedge their exposure to currency fluctuations. Yet in the past traders colluded with one...

  • A trade deal between the EU and east Africa is in trouble

    A trade deal between the EU and east Africa is in trouble

    Magufuli advises Museveni on how to tilt at colonialism

    THE winds that waft along the Swahili coast change direction with the seasons, a boon to traders in times past. Shifts in the political winds are harder to predict. Last July a proposed trade deal between five countries of the East African Community (EAC) and the EU was thrown into disarray when Tanzania backed out at the last minute. An EAC summit, scheduled for months ago, was meant to find a way forward. Held at last on May 20th in Dar es Salaam, after many postponements, only two presidents showed up. The deal is in the doldrums.

    The pact is one of seven ?Economic Partnership Agreements? (EPAs) the EU wants to sign with regional groups in Africa, the Caribbean and the Pacific. The first was agreed with the Caribbean in 2008; southern Africa followed suit last year. But progress in west Africa has also stalled, with Nigeria raising objections. The EPAs were promoted as a new breed of trade deal,...

  • Machine-learning promises to shake up large swathes of finance

    Machine-learning promises to shake up large swathes of finance

    MACHINE-LEARNING is beginning to shake up finance. A subset of artificial intelligence (AI) that excels at finding patterns and making predictions, it used to be the preserve of technology firms. The financial industry has jumped on the bandwagon. To cite just a few examples, ?heads of machine-learning? can be found at PwC, a consultancy and auditing firm, at JP Morgan Chase, a large bank, and at Man GLG, a hedge-fund manager. From 2019, anyone seeking to become a ?chartered financial analyst?, a sought-after distinction in the industry, will need AI expertise to pass his exams.

    Despite the scepticism of many, including, surprisingly, some ?quant? hedge funds that specialise in algorithm-based trading, machine-learning is poised to have a big impact. Innovative fintech firms and a few nimble incumbents have started applying the technique to everything from fraud protection to finding new trading strategies?promising to up-end not just the humdrum drudgery of the back-office, but the...