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The Russian army is suffering huge losses in Ukraine, shows no sign it has improved its “meat grinder” tactics and is struggling to sustain a stuttering offensive that is “advancing, if at all, in metres not kilometres”, Britain’s defence minister Ben Wallace said. Despite fears that Russia is poised to launch a major attack around
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I grew up hearing stories of life on the wards. My beloved great-aunt was a nurse in the era when there was camaraderie, heroic doctors, and everyone was scared of matron. No question of contracting out cleaning: you did it yourself, with matron hovering over you to check there wasn’t a smidgen of dust. Tea
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As an all-out struggle for AI dominance breaks out in the tech industry, Wall Street has placed an early bet on who the biggest winners will be: the companies that make the weapons that will be used by all combatants. That means specifically, the advanced chips needed for “generative AI” systems such as the ChatGPT
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When US short seller Nathan Anderson decided to take on Indian conglomerate Adani Group, he faced the ultimate challenge for someone in his line of business: India’s anti short selling rules. The founder of New York-based Hindenburg Research has not detailed how he structured his financial bet against the infrastructure group, which he has accused
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DoorDash enjoyed an after-hours trading bounce after reporting stronger-than-expected earnings for last year’s fourth quarter, showing signs of healthy post-lockdown growth for the food delivery business. DoorDash, the market-leading food delivery group in the US, ahead of Uber Eats, grew its monthly active user base to 34mn, up 28 per cent on the same period
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Portugal has become the second EU country this week to scrap “golden visas” for wealthy non-Europeans, joining Ireland in abolishing a programme that helped pull in foreign investment but sparked controversy. António Costa, Portugal’s prime minister, said on Thursday that his government would stop issuing new golden visas in order to “fight against price speculation
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Derivatives traders tend to watch the US Commodity Futures Trading Commission closely on a Friday. This is the day the CFTC normally releases its weekly “commitments of traders” report showing overall positioning in derivatives markets, such as oil futures. This month, however, the data has been missing in action because a small, publicity-shy data group
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