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The US intelligence ship is too leaky to sail

UK police investigating the Manchester terror attack say they have stopped sharing information with the US after a series of leaks. Since the beginning of this century, the US intelligence services and their clients have acted as if they wanted the world to know they couldn’t guarantee the confidentiality of any information that falls into their hands. At this point, ...

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Short sellers resist covering as S&P 500 climbs

Bloomberg It usually doesn’t work this way: stocks vaulting to records, and bearish traders getting more aggressive. Lately, it has. The S&P 500 Index has climbed 7.9 percent since January, including its biggest gain since April in the just-completed week. At the same time, short interest as a proportion of total shares outstanding has also expanded, rising by 0.3 percentage ...

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Mashreq first bank in Mideast to join SWIFT gpi

Dubai / Emirates Business SWIFT announces on Sunday that Mashreq Bank has signed up for its global payments innovation (gpi) service, to become the first bank in the Middle East to join this international initiative. The bank will be joining forces with 100 leading banks globally. SWIFT gpi dramatically improves the customer experience in cross-border payments by increasing the speed, ...

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