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Japan’s Mom-and-Pop Traders Boost Emerging-Market Currency Bets
Japan’s Mom-and-Pop Traders Boost Emerging-Market Currency Bets
Japanese retail investors — who dominate spot trading in Tokyo’s foreign-exchange market — have increased bets on volatile
2023-07-24 06:04
YouTube Shorts announces collaborations, live vertical video recommendations
YouTube Shorts announces collaborations, live vertical video recommendations
YouTube's short form TikTok competitor, YouTube Shorts, continues to grow beyond being just a place
2023-08-02 05:15
US West Coast Port Employers, Union Announce Tentative Deal
US West Coast Port Employers, Union Announce Tentative Deal
The Pacific Maritime Association and the International Longshore and Warehouse Union announced a tentative agreement on a new
2023-06-15 10:16
Roberto De Zerbi praises Jurgen Klopp after Brighton’s draw with Liverpool
Roberto De Zerbi praises Jurgen Klopp after Brighton’s draw with Liverpool
Roberto De Zerbi praised Jurgen Klopp after the Liverpool manager intervened to try and calm him as he protested against a refereeing decision during the Reds’ 2-2 draw with Brighton at the Amex Stadium. The Italian was shown a yellow card by referee Anthony Taylor for remonstrating with the fourth official when his team were denied a penalty for a possible handball against Virgil van Dijk. The ball struck the defender on the leg and bounced up onto his arm, with the manager insistent his side should have been given a spot-kick as they sought a way back from 2-1 down. Klopp went into Brighton’s technical area to try and sooth the situation, putting his arms around De Zerbi in what he described as “using his age” to try and assuage the situation. De Zerbi, who saw his side come back to draw for the second time in three days after Thursday’s Europa League meeting with Marseille, said that whilst he felt his team were hard done by over the decision, he believed the foul by Trent Alexander-Arnold on Solly March from which Brighton later equalised through Lewis Dunk should not have been a free-kick. “I love Klopp,” he said. “He can do what he wants because I have a big respect and I consider him one of the best coaches in the world. I like his behaviour, and when he says something, 99 per cent I agree with him. “In that situation, I think there was a clear penalty and I told the referee, I think in a good way, what I thought in the moment. “I think there was a penalty, but there wasn’t a foul when we scored the second goal. I’m honest, and I told Jurgen my opinion.” Brighton are sixth going into the international break having won five of their first eight Premier League games. De Zerbi has made an average of seven changes between matches this season as he seeks to navigate the demands made by a first season in Europe for the club. Despite recording a fourth winless game in a row in all competitions the manager praised his players’ character, particularly in the context of bouncing back from the 6-1 defeat against Aston Villa to register two comeback draws. “The most important thing for me has been the reaction after Villa Park,” he said. “We started the game in Marseille, one of the best stadiums in Europe, and we started losing 2-0. After that moment, there was only one team on the pitch – Brighton. “To do it, you have to show character, to show the right attitude, the right behaviour and passion. The most important thing in my idea of football is passion, is the character. “After that we can speak about tactical disposition, the quality of the players, recruitment. But without that part of football, in my opinion, you can’t play or work in football.” Read More Cricket among sports put forward for inclusion at the 2028 Olympics Expectation to underachievement – How Scotland came up short in France Matt Fitzpatrick completes double at Alfred Dunhill Links Championship Ronnie O’Sullivan beats Ken Doherty to keep hold of his world number one ranking Captain Ben Davies hopes to bring a bit of Tottenham to Wales camp Gareth Anscombe and Liam Williams ‘recovering well’ ahead of Wales quarter-final
2023-10-10 03:16
Kylian Mbappe: PSG forward reinforces stance over summer exit
Kylian Mbappe: PSG forward reinforces stance over summer exit
Kylian Mbappe has no plans to leave Paris Saint-Germain before his contract expires. The 24-year-old has reiterated his stance to the Ligue 1 giants despite their best efforts to move him on this summer.
2023-08-10 23:30
Costco tops quarterly revenue, profit estimates on steady grocery demand
Costco tops quarterly revenue, profit estimates on steady grocery demand
By Deborah Mary Sophia (Reuters) -Costco Wholesale topped market estimates for quarterly revenue and profit on Tuesday as consumers flocked
2023-09-27 06:29
EU banks face liquidity checks next year after 2023 crises
EU banks face liquidity checks next year after 2023 crises
By Huw Jones LONDON European Union banks' plans for surviving a major crisis without having to tap central
2023-08-03 16:06
The lesson Qatar has learned as Manchester United takeover bid enters final stages
The lesson Qatar has learned as Manchester United takeover bid enters final stages
Raine have continued talks with all bidders for Manchester United this week, as the prospective sale of the club enters its protracted final stages. Buyers have been reluctant to give a timescale on when they expect the process to be completed, as so many superficial deadlines have already passed. While most of the focus has been on Sir Jim Ratcliffe and Qatar’s Sheikh Jassim-fronted bid, those bidding for a minority are still in the race. Most notably, no party currently see themselves as out of it, even though the general feeling has been we are approaching the time when the Glazers are moving to “complete”. This confidence is most conspicuous with Qatar, given their camp didn't have that feeling two weeks ago. There was a widespread belief they were out of the race. The so-called “final take-it-or-leave-it” offer changed some thinking, and improved discussion. It is understood that offer is still of a lower overall value than that of INEOS, but the very fact that Qatar upped it at all is viewed as a strategic success for the Glazers. The involvement of Paris Saint-Germain’s Nasser Al Kehlaifi is also instructive, as it displays the Glazers’ intent to get Qatar to up the price. There is a view within industry circles that the United owners have long seen Ratcliffe as a “stalking horse” and that, if they are to actually sell, the intention has been to just gradually move Qatar up to the £6bn valuation. While Ratcliffe has made his valuation clear and can't really go past a certain point, after all, the Glazers are naturally conscious of Qatar's ultimately limitless wealth. It has ensured the process has become "a game", in the words of many sources. It is also why Qatar increasing their offer after the supposed last deadline is seen as a minor strategic victory for the Glazers. At the same time, there remains optimism within the INEOS camp, especially given the range of potential options they are giving the family. Avram and Joel Glazer, who are most attached to the club, could yet stay on. Chris Davidson, an academic expert on the Gulf who is a fellow at Durham University, believes the entire Qatar bid is a highly-calibrated approach that has been influenced by the purchase of Harrods in 2010. Now owned by the Qatar Investment Authority, the flagship department store was sold to Qatar Holdings for a reported £1.5bn. Sheikh Jassim’s father, the then Qatari Prime Minister Hamad bin Jassim bin Jaber Al Thani, actually flew to London to finalise the deal with Mohammed Al Fayed. The senior Jassim said at the time that Harrods would add “much value” to Qatar’s portfolio of investments, especially as a “historical place”, although Davidson points out how the state was derided for overpaying at the time. He believes this has influenced the United takeover process in two ways, both related to the image of the state. One is over the symbolism of the price. The second is over the idea of giving the impression of some separation, to put more searching questions at a distance. “They’re just calibrating their bid,” Davidson told The Independent. “They could blow anyone out of the water, but they’re calibrated to always be just a little bit around Ratcliffe. "It’s a very different approach. I think this is an example of Qatar learning a lesson they found out the hard way on Harrods, where they were repeatedly pilloried for having overpaid. They really wanted Harrods. It’s a particularly glamorous brand for people from the Gulf. The status it has given them among their Gulf rivals – not so much in the UK – is enormous. They were willing to overpay for that. I’m sure they’d be willing to overpay for Man United, too, but I think this was a case of having learned their lesson.” This then plays into another strategic purpose, which is putting a perceived difference between the bid and the state. It is all the more important given the greater focus on state ownership in sport, especially with Manchester City’s landmark treble victory and Saudi Arabia’s recent escalation in its sporting investments. One of the points that has been made about the Ratcliffe offer is that it would be much quicker and cleaner to do, as there would be no resistance from other clubs, nor human rights-related issues. The Premier League in March updated its Owners and Directors Test to include a new provision based on Global Human Rights Sanctions Regulations in 2020. Qatar has faced huge criticism from groups such as Amnesty and FairSquare, with that debate framing the entire 2022 World Cup. “By calibrating it, it just allows them to hover under the radar of being so obviously a state-backed entity, “ Davidson explains. “If they said ‘right, we want it’ just as they did with Harrods, and did a bid that blew everyone out of the water, it would be pilloried for being an uncompetitive offer that reflects badly on Qatar. It’s an ongoing calibration as far as I can see… enough to win the bid without attracting too much negative attention or too much attention it is ultimately state wealth. “If they calibrate their offer, one of the talking points becomes that it essentially can’t be state backing. Otherwise they’d throw even more of it. It’s clearly a stalking point bidding process.” INEOS are optimistic that is not the case and they have a real chance. Much will depend on how greatly the Glazers actually want to sell, which has remained a huge question throughout all of this. There remains a belief within the club itself that the Glazers’ preference is to just raise enough investment to redevelop Old Trafford but retain control. It is the poor state of the ground that has actually brought them to this point, after all, as it has started to affect revenue. Many in United’s hierarchy have taken note of just how impressive the new Tottenham Hotspur Stadium is, and what a revenue-machine it is for the London club. The current Old Trafford can’t offer that, and it was symbolic that it has been passed over for the Euro 2028 plans. That awareness runs alongside a persistent belief at the top of the game that elite clubs will see their value greatly rise in the years to come, particularly with the evolution of telecommunications and virtual reality technology. One industry source says that the new Chelsea owners were so keen to invest in the club – even for the much-pilloried £600m this season – because they believe they have bought an asset that could soon be worth £9bn for £2.5bn. The Glazers are conscious of this, too. While there had previously been a belief that the market for clubs had bottomed out, and that a sale now could offer a remarkable sum for each of the six siblings, there is also the view that this could just be a bad time to sell. They may miss out on huge future earnings. While this has been discussed among the Glazers, though, nobody really knows what they are thinking. That is especially true of the bidders now, since multiple sources maintain “you never know where you are in the race”. All of this will only become apparent whenever it ends, which is right now as much of an unknown. The hope is it’s this week, but that’s been said before, through multiple weeks. Read More Sheikh Jassim bid still on table as Manchester United takeover tests patience The year that sportswashing won: A season that changed football forever FA Cup final reveals key summer questions for Manchester United Football rumours: Arsenal closing in on Declan Rice for club-record fee Michael O’Neill expects Ethan Galbraith to flourish after Manchester United exit Manchester City’s treble winners arguably greatest ever English team – Joe Royle
2023-06-13 16:43
The Bizarre (and Blatantly False) Conspiracy Theory That Says the Middle Ages Never Happened
The Bizarre (and Blatantly False) Conspiracy Theory That Says the Middle Ages Never Happened
We’re currently living in the year 1725, not 2023. At least, that’s what adherents of the Phantom Time Hypothesis would have you believe. The historical conspiracy theory alleges that the years spanning from 614 to 911 CE never actually happened.
2023-09-14 01:00
AI defeats human drone-racing champions in historic world first
AI defeats human drone-racing champions in historic world first
An artificial intelligence system has achieved a key milestone by winning multiple races against three world-class drone-racing champions, marking the first time AI has beat humans at a physical sport. The AI system called Swift, developed by researchers from the University of Zurich in Germany and Intel, could prove its mettle in first-person view (FPV) drone racing – a sport in which pilots fly quadcopters at speeds exceeding 100kmph. Until now AI systems have achieved a number of remarkable victories over humans in a range of strategy-based games, including IBM’s Deep Blue winning at chess against Gary Kasparov in 1996 and Google’s AlphaGo defeating top Go champion Lee Sedol in 2016. However, physical sports are more challenging for AI as they are less predictable than board or video games. “We don’t have a perfect knowledge of the drone and environment models, so the AI needs to learn them by interacting with the physical world,” Davide Scaramuzza, one of the authors of the study from the University of Zurich, explained. AI-driven autonomous drones have until now taken twice as long as those piloted by humans to fly through racetracks unless an external position-tracking system was used to precisely control their trajectories. But the new Swift AI drone, described in a new study in the journal Nature, has demonstrated that it can react in real-time to the data collected by an onboard camera, just like the one used by human racers in the sport. Sensors on the drone measure acceleration and speed while the AI system uses data from the camera to locate the drone in space and detect the gates along the racetrack. A control unit in the drone, also based on AI, a control unit, then chooses the best action to finish the race circuit as fast as possible. Researchers say the Swift drone trained itself to fly in a simulated environment by trial and error. Using simulations, scientists could avoid destroying multiple drones in the early stages of learning when the system often crashes. “To make sure that the consequences of actions in the simulator were as close as possible to the ones in the real world, we designed a method to optimise the simulator with real data,” study first author Elia Kaufmann said. During the testing phase, the drone flew autonomously using very precise positions provided by an external position-tracking system, while also recording data from its camera. By comparing the two data sets, Swift could learn to autocorrect errors it made in interpreting information from the onboard sensors, scientists say. The AI was soon ready to challenge some of the world’s top human drone pilots – the 2019 Drone Racing League champion Alex Vanover, the 2019 MultiGP Drone Racing champion Thomas Bitmatta, and three-time Swiss champion Marvin Schaepper. In races that took place between 5 and 13 June 2022, on a special track designed in a hangar of the Dübendorf Airport near Zurich, Swift achieved the fastest lap, with a half-second lead over the best lap by a human pilot. The special track – about 25 by 25 meters in dimension – was built with seven square gates that had to be passed in the right order to complete a lap. Drones had to execute challenging maneuvers to successfully finish the track, including an acrobatic “Split-S” feature that involves half-rolling the drone and executing a descending half-loop at full speed. While Swift could record the fastest lap, humans are more adaptable than the AI drone, which failed when the conditions were different from what it was trained for, scientists say. However, they add that the new breakthrough in AI flight is an important way beyond drone racing. “Drones have a limited battery capacity; they need most of their energy just to stay airborne. Thus, by flying faster we increase their utility,” Dr Scaramuzza said. The new research, according to scientists, may lead to better drones for forest monitoring or space exploration, and in cases where flying fast is important to cover large spaces in a limited time. They say fast AI drones could also be used for shooting action scenes in movies and may also “make a huge difference” for rescue drones sent inside a burning building. Read More Ukraine launches ‘massive’ drone strikes on six regions of Russia – destroying war planes Ukraine-Russia war live: Kyiv’s huge drone attack as Putin floods frontline with ‘poorly trained troops’ To stop wildfires, residents in some Greek suburbs put their own money toward early warning drones Google launches AI to go to meetings for you Behind the AI boom, the armies of overseas workers in ‘digital sweatshops’ Nvidia sales hit record high as AI chip demand soars
2023-08-31 11:53
No, Mike Pence Was Not Hit in the Head By a Water Balloon Thrown By a Young Girl
No, Mike Pence Was Not Hit in the Head By a Water Balloon Thrown By a Young Girl
A video purporting to show Mike Pence hit in the head by a water balloon, isn't actually him.
2023-07-15 05:33
Hedge Fund Boss Calls Hydrogen Bets ‘Complete Waste of Time’
Hedge Fund Boss Calls Hydrogen Bets ‘Complete Waste of Time’
Hydrogen is a losing bet for investors interested in making money in the foreseeable future, according to Barry
2023-09-12 15:42