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The writer is chair of Rockefeller International Once dismissed as fanatics, the bitcoin bulls must be feeling vindicated. They made an accurate call on the cryptocurrency’s potential for gains — witness the staggering rally under way — and were right, at least in part, for the right reasons.  When bitcoin was all the rage at the start
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After five months of devastating conflict between Israel and Hamas in Gaza, the Palestinian enclave on the Mediterranean is enduring a humanitarian catastrophe, according to international aid groups. The north of the strip in particular is on the verge of famine: children are dying from hunger, while families are eating weeds and animal feed, prompting
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Shortly after a Chinese company opened up nearby, employees at Malaysian contract manufacturer Kemikon walked outside their factory to find sheets of paper stuck to their car windshields. The flyers were from Fengshi Metal Technology, a Suzhou-based rival that operates in similar areas of semiconductor equipment manufacturing. They promised salaries 30 per cent above the
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A range of global wire services have pulled a Mother’s Day picture of the Princess of Wales and her three children over fears the image of high-profile members of the British royal family may have been digitally manipulated. The Associated Press news agency said it had initially published the photo, issued by the couple’s official
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Scores of multinationals have heeded Riyadh’s ultimatum to establish regional headquarters in Saudi Arabia or face losing out on lucrative government contracts, but leading banks have been conspicuous by their absence. PepsiCo, Boeing, PwC and
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Ibrahim al-Kharabishy, a Palestinian lawyer in war-ravaged northern Gaza, considered himself fortunate when he was able to bake for his hungry family with pigeon feed. With shops largely empty and hardly any aid reaching the area, the ground feed — a mix of wheat, barley and corn — at least produced acceptable bread for his
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s Budget, presented last Wednesday by chancellor Jeremy Hunt, followed the usual well-rehearsed choreography. The government sends its policy plans to the independent Office for Budget Responsibility, which forecasts how the resulting public finances
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