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Hate crimes often make it harder to hate

  Leonid Bershidsky The shocking murder of British parliament member Jo Cox and the Orlando shootings were both hate crimes that defy political labels, whatever the professed motives of the killers. Nobody can predict what will set off a deranged killer and it would be deplorable to tar legitimate political campaigns because a killer identified with one cause or another. ...

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Kenya mulls introducing world’s first tea futures contracts

  Bloomberg Kenya, the world’s biggest exporter of black tea, is considering introducing the world’s first futures contracts for the leaves to help stabilize prices and enable growers to guarantee income from their production. INTL FCStone Inc., based in New York, has held talks with industry representatives in the East African nation about introducing the derivatives, Stuart Ponder, senior vice ...

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Cows to feast on French wheat as rains threaten crop quality

  Bloomberg European cows may soon be feasting on more French wheat as downpours threaten to reduce the quality of the grain used to make bread. The deluge that recently hit crops in the European Union’s biggest producer has the potential to reduce the grain quality, adding to global supplies of wheat used to feed animals, said Peter McMeekin, an ...

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EU readies to avoid chaos

  Bloomberg German Finance Minister Wolfgang Schaeuble said European Union policy makers have safeguards in place to avoid “chaotic developments” should Britons vote to leave the bloc. “Ultimately you have to wait for Britons to decide and then you have to respect the decision,” Schaeuble told reporters after a speech at the Institute for the World Economy in Kiel, Germany. ...

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Bank of England plans to launch financial technology accelerator

  Bloomberg Bank of England Governor Mark Carney said that it plans to launch a financial technology accelerator programme to tap the expertise of startups as a flurry of innovations reshapes finance. This may be the first time a central bank has employed this approach to research and development, a practice long used in Silicon Valley as a way to ...

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Bank of Canada regulation needed to check fintech risks

  Bloomberg Bank of Canada Senior Deputy Governor Carolyn Wilkins wants to help companies develop new technologies such as digital currencies and ensure they meet tough standards to protect consumers and avoid market crashes. “Authorities should support innovation, but the bar will be high, especially for core financial services,” Wilkins said in Calgary. “I worry that players not covered currently ...

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Spanish bank’s trip from most profitable to capital deprived

  Bloomberg Atop a hill in southern Spain sit a cluster of cement apartment blocks surrounded by scruffy gardens. Built during the go-go years of the country’s property bubble, the development was eerily still on a recent June morning. Banco Popular Espanol SA, which took ownership in a foreclosure, is offering flats for as much as 147,000 euros (US$165,100). Fatima ...

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Jefferies to shake up USA financial sponsor bank group

  Bloomberg Jefferies Group is making more changes to the investment-banking division that manages relationships with private equity firms, according to people familiar with the matter, following the departure of the group’s global head, Adam Sokoloff, in March. Christopher Ooten, a managing director at Bank of America Corp.’s Merrill Lynch unit, will join Jefferies’s financial sponsor group to replace Theodore ...

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Changing the way people build technology

  Sunaina Rana EMIRATES BUSINESS Founded in 2009 by John ‘Coz’ Colgrove and John Hayes, Pure Storage is out to change the way people build technology. With headquarters in Mountain View, CA and offices across the US, Europe, Middle East, Asia, Australia, South America and Africa, Pure’s disruptive, software-driven storage technology combined with a customer-friendly business model has helped drive ...

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