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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Cornel West: ‘They say I’m un-American’

Category : Business

The American academic and firebrand campaigner talks about Britain’s deep trouble, fighting white supremacy and where Obama is going wrong

Cornel West, the firebrand of American academia for almost 30 years, is causing his hosts some problems. They are on a schedule but such things barely move him, for as he saunters down the high street there are people to talk to, and no one can leave shortchanged. Everyone, “brother” or “sister”, is indeed treated like a long lost family member. And then there is the hug; a bear-like pincer movement. There’s no escape. It happens in New York, where the professor/philosopher usually holds court. And now it’s the same in Cambridge.

The best students accord their visitors a healthy respect, but West’s week laying bare the conflicts and fissures of race and culture and activism and literature in the US and Britain yielded more than that during his short residency at King’s College. There are academics who draw a crowd, but the West phenomenon at King’s had rock star quality: the buzz, the poster beaming his image from doors and noticeboards; the back story – Harvard, Princeton, Yale, his seminal work Race Matters, his falling-in and falling-out with Barack Obama.

Others can teach, and at Cambridge the teaching is some of the best in the world, but standing-room-only crowds came to see West perform. He performed. Approaching 60 now, he is slow of gait. But he always performs.

“Britain is in trouble,” he tells me. “Britain is in deep trouble. The privatising is out of the control, the militarising is out of control and the financialising is out of control. And what I mean from that is you have a cold-hearted, mean-spirited budget that the Queen just read; you have working and poor people under panic, you have this obsession with immigration that tends to scapegoat the most vulnerable rather than confront the most powerful. And it is not just black immigrants, but also our brothers and sisters from Poland and Bulgaria, Romania; right across the board.” He isn’t ranting. He doesn’t rant. He smiles, he growls gently, he leans in and whispers conspiratorily. There is an upside, he says. “Britain has a rich history of bouncing back too.”

They looked after him at King’s, he says. Incongruous in his trademark black three–piece suit, with fob watch and old-time, grey–flecked, fly-away afro, he berthed in the understated splendour of the Rylands room in the Old Lodge. Named after Dadie Rylands, the literary scholar and theatre director educated at King’s and a fellow until his death in 1999, it was where Virginia Woolf lunched with Rylands and John Maynard Keynes. West likes such evocations. “I feel her spirit,” he says, leaning back on a chair.

But then he is accustomed to the star treatment. A graduate of Harvard University in 1973, he received his PhD at Princeton; returning to both as professor of religion and director of the programme in African-American studies at Princeton and later professor of African-American studies at Harvard. He departed Harvard in 2002 after a bitter dispute with the then president of the university, Lawrence Summers, Bill Clinton’s treasury secretary, who was later picked by President Obama to head the US National Economic Council. Some claim Summers’s clash with West formed part of the spiral that led to his own departure from Harvard. West says Summers had an agenda to cut African American studies, and him, down to size. He “tangled with the wrong Negro”, the professor said later. He returned to Princeton, from which he has recently retired. Now his centre of academic operations is the Union Theologiocal Seminary in New York, where he began his teaching career.

But he is multi-platform, which, critics contend, added something to the fall-out with Summers at Harvard. He is the author of 19 books and editor of another 13. A regular TV pundit. Co-star of the popular public radio show Smiley and West. Chair of the Democratic Socialists of America. He even played the wise Councillor West in The Matrix Reloaded. While the right throws the socialist tag at Obama like a poisoned dart, West wears it as a badge of honour. A “non-Marxist socialist” eschewing Marxism in favour of Christianity. A complex package. Hence the enthusiasm at Cambridge’s Centre for Research in the Arts, Social Sciences and Humanities to invite him over and peel the layers.

Last week West appeared three times in conversation: on race and politics, with academic Paul Gilroy – their double header had to be moved to a larger venue and ended with a standing ovation; on philosophy and the public sphere, with philosopher MM McCabe; and with Ben Okri on literature and the nation. The fact is that he’ll talk indefinitely and on anything. In between Cambridge appearances, he headed to Sheffield University to unveil a memorial to a previous visitor there, “my brother Malcolm X”. Also to London to an event hosted by former race chief Trevor Phillips.

For his radio show in the US, he also travelled to the Ecuadorian embassy for an encounter with Julian Assange. Exhilarating, by his account. “Boy, that was a rich one,” he says. “Oh my God, we went on for an hour and a half: about the militarising of the internet and the use of US imperial power. They’re trying to squelch any whistleblower who wants to reveal the secrets of the dirty wars of the US empires and other governments. We talked primarily about courage. He is a very smart man and very courageous too.”

They found points of contact. “He talked about Martin Luther King’s courage and how he has been inspired by Martin Luther King. We talked about the 3 June case with brother Bradley Manning and the witnesses the US government has lined up. I wanted people to hear his voice and to revel in his humanity; revel in his wrestling with his situation and to see what his vision is.”

He found some optimism, he says. “He has this situation with the sisters in Sweden and that’s got to be resolved, and I think that’s in the process of being resolved. We have to be concerned about someone accused of violating anybody, but I think for the most part that is going to be resolved, and that was probably an attempt of the powers that be. One woman has already said she is pulling back and the other one admits it was consensual, so it is not as ugly as it was projected in the press. But once that is over he has got the big one coming. He has got a behemoth coming at him; the US empire and its

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Vincent Tchenguiz ‘spied on his own spies’

Category : Business

Court papers claim tycoon made surreptitious recordings to spy on Black Cube intelligence agency, which had been based in his office

Vincent Tchenguiz made “surreptitious recordings” in order to spy on ex-Israeli intelligence officers he had drafted in to his Mayfair offices to help fight a string of legal battles, the Guardian has learned.

The revelation that the Conservative party donor had spied on some of the closest members of his entourage comes two months after he kicked the intelligence experts, trading as Black Cube, out of his Park Lane office and his nearby £15m home.

Tchenguiz has accused them of defrauding him, while they in turn claim that he has breached a contract with them. Both deny the tit-for-tat allegations made against each side.

In papers lodged at the high court, Black Cube’s finance director, Avi Yanus, said: “Mr Tchenguiz told [Black Cube chief executive Daniel] Zorella – as he had also indicated to me – that his alleged concerns had been based on surreptitious recordings he made of private and confidential conversations between me and Mr Zorella and conversations between other employees of Black Cube.”

Tchenguiz confirmed the recordings were made as part of an investigation into Black Cube’s conduct.

As part of its claim against Tchenguiz, Black Cube detailed the unusually close relationship that its staff had reputedly formed with Tchenguiz before the falling out. Yanus said Black Cube had been at the “core of his entourage” after they were drafted into his Mayfair base almost three years ago.

In court filings he said: “Mr Tchenguiz likes to have an entourage surrounding him and for a long period of time … the employees of Black Cube formed the core of his entourage. He would refer to other people on the margins of his entourage as disloyal and would not let them join his private conversations or eject them from his company entirely.”

Black Cube was not well liked by some of Tchenguiz’s other advisers, the documents state. Referring to the collapse of talks exploring a potential investment by Tchenguiz in Black Cube, Yanus said: “I believe that other advisers of Mr Tchenguiz were hostile to the agreement being concluded and indeed wanted to get rid of Black Cube altogether”. A spokesman for Tchenguiz said: “Any hostility was well placed and justified.”

Originally operating out of Tel Aviv, Black Cube was drafted in to play an important role in multiple legal disputes involving Tchenguiz-linked companies, which threatened to engulf the businessman’s multi-billion pound investment empire.

These disputes emerged in the wake of the 2008 failure of Icelandic bank Kaupthing, from which he and his brother Robert Tchenguiz had borrowed huge sums.

At one stage both brothers had been incorrectly suspected of a corrupt relationship with former Kaupthing executives, leading to now notorious raids by the Serious Fraud Office two years ago.

Black Cube helped build the successful challenge to the SFO raids, which were declared unlawful last year. A judge said there had never been grounds to pursue an investigation into Vincent Tchenguiz. Search warrants used on his brother were also quashed and the SFO later abandoned that inquiry too.

Since then, Vincent Tchenguiz has launched a £200m claim for aggravated and exemplary damages against the anti-fraud agency. He has also hinted that this could be the first of a series of legal actions against parties who he believes have wronged him since the failure of Kaupthing.

Black Cube claim Tchenguiz regularly bragged that these actions – called Operation Athena by the businessman – could recover £500m. Yanus said: “Every few weeks Mr Tchenguiz would say

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Vincent Tchenguiz in bitter battle with detective agency run by ex-Israeli spies

Category : Business

Tycoon throws out agency from his Park Lane offices in dispute over bills linked to SFO and Kaupthing-related lawsuits

A private detective agency run by former Israeli intelligence operatives out of Vincent Tchenguiz’s offices on Park Lane have been thrown out by the investment tycoon in a bitter dispute over bills they presented to him.

Black Cube, which also has offices in Tel Aviv but still operates in London, dramatically fell out with Tchenguiz over bills that it claimed were linked to work carried out for him on multiple lawsuits he was fighting around the world. It had worked for Tchenguiz from late 2011 until the falling out two months ago.

These suits included actions in relation to failed Icelandic bank Kaupthing and Tchenguiz’s judicial review of Serious Fraud Office raids on his offices, which resulted in the warrants being declared unlawful and the investment tycoon launching a £200m claim for aggravated and exemplary damages against the anti-fraud agency.

Black Cube, run by former Israeli intelligence figures Daniel Zorella, Avi Yanus and Ido Josef, describes itself as a “creative intelligence” agency. It has hired lawyers from Peters & Peters to bring a £330,000 claim against Tchenguiz’s company Vincos for “debt and other damages” and alleged breach of contract.

The intelligence firm is also claiming it had an agreement with Tchenguiz that he would pay performance fees of 1% of the proceeds of cash settlements from legal proceedings, as well as the takings from a proposed film about Tchenguiz.

Separately, Tchenguiz has filed a claim in Israel alleging he has been defrauded. A hearing to determine whether the two claims should be heard together in London will take place at the high court in London later this month.

The Tchenguiz camp claims Black Cube mainly does “open source” intelligence gathering – through public records and internet trawling – rather than anything more complex.

In submissions to the high court, a witness statement from a Vincos lawyer claim said no written agreements existed with Black Cube. “Some £823,790 has been paid to Black Cube over the past 13 months by Vincos. It is believed by Vincos that much of this sum has been obtained dishonestly.”

Author Izzy Eichenstein Provides a Courageous and Honest Look About Growing Up in a Chassidic Regal Dynasty in the United States in "The Rebel and the Rabbi’s Son"

Category : Stocks

LOS ANGELES, CA–(Marketwired – Apr 9, 2013) – In “The Rebel and the Rabbi’s Son,” prominent real estate developer Israel “Izzy” Eichenstein reveals an inside look at his elite heritage as a member of a sacred Chassidic dynasty and his lifelong struggle to free himself from the bonds of his famous religious family. A direct descendant of the founder of Chassidic Judaism, Israel “Izzy” Eichenstein was told he was destined for greatness — but only if he obeyed every law of the ultra-Orthodox world into which he was born. Ruled by bearded, black-clad rabbis like Izzy’s father, it was (and remains) a society based on the religious practices of 18th-century European Jews. Television and movies were forbidden, there was a prayer for nearly every human activity, and contact with outsiders was strictly limited. Izzy knew from an early age that he did not fit in. But he also saw how misfits were treated — shamed, shunned by the community, and deserted by their families.

Read the original post: Author Izzy Eichenstein Provides a Courageous and Honest Look About Growing Up in a Chassidic Regal Dynasty in the United States in "The Rebel and the Rabbi’s Son"

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Katharine Hamnett: ‘There’s a lot of testosterone in nuclear power’

Category : Business

The campaigning fashion designer is back with anti-Trident T-shirts. After attending the CND march at Aldermaston, she’s more fired up than ever – threatening to form a political party

I woke up so depressed on Tuesday morning,” says Katharine Hamnett – evenly, quietly, the way she says everything. “I felt like killing myself, and then I thought, ‘Actually, I’m going to launch a political party.’” I look for a

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Diversity in top jobs will benefit the whole of society | Doreen Lawrence

Category : Business

Black and ethnic minorities want to succeed on their own merits. We need to understand what is stopping them

A traditional approach to nurturing talent is needed for a modern workforce. For far too long, executive positions in both the private and public sectors have been the preserve of white males.

I therefore welcome the inter-ventions by Sir Peter Fahy, who leads the Greater Manchester Police, and business secretary Vince Cable that we need greater diversity in important positions across the country. Sir Peter’s call becomes more urgent when you consider that only six chief officers in the police are from non-white backgrounds. When writing to the seven FTSE 100 companies that still do not even have a woman on their board, Dr Cable made it clear that people from different backgrounds bring with them fresh perspectives.

A lot has changed in the 20 years since my son, Stephen, was murdered but a lot more needs to happen. The UK will only reach its full potential when everyone, irrespective of their background, truly believes that they can make it. The Stephen Lawrence Charitable Trust is working hard to bring about this change.

The evidence shows there is still not enough diversity in senior roles. Research has found that even those people from black and minority ethnic (BME) backgrounds who manage to get jobs in professional occupations can often struggle to progress up the career ladder despite suitable qualification and experience. In 2010, only 4.1% of directors in FTSE 100 companies came from ethnic minority backgrounds. Statistics show that black university graduates can expect a 24% pay penalty after they leave university.

This is not only a British problem. In the US, only 13 black executives have ever made it to the top of a Fortune 500 company. Only six of them are currently active.

While we welcome Sir Peter’s understanding that it is important to have more officers from ethnic minority backgrounds, we have found that the vast majority of black people do not want affirmative action. They, and other ethnic minorities, want to work in environments where they are assessed on their merit, rather than having people believe they only secured their jobs because of the colour of their skin.

We need to examine what gets in the way when people try to succeed on their own merits but are not as successful as they would have hoped or their paper qualifications would suggest. They may not have the confidence to believe they can do a role. They may not even aspire to a specific profession in the first place. They might be the first person they know to have “made it”, which means they will not have the in-built network that their peers may have grown up with. And sometimes they will look at an industry, not see anyone in it who looks like them, and decide to walk away from it.

It is not just about getting into a job in the first place. It is also about how people are supported to stay and progress. I have had plenty of people tell me how difficult and excluding they found the culture of their workplace. They have told me that they felt overlooked for promotion and worked extra hard to get to where they are.

This situation is far from satisfactory, but we can change it. Historically, the Stephen Lawrence Charitable Trust has focused on supporting young people from disadvantaged backgrounds into careers in architecture; this was what Stephen hoped to achieve, so it seemed like a natural starting point. We now plan to expand this model in order to support talented and driven young people from disadvantaged backgrounds into other professions, too, including law, finance, medicine and media. The “Magic Circle” law firm Freshfields is to be the first major employer to partner with us. Our approach will involve supporting young people at the beginning of their career with a scholarship: establishing a lasting relationship that will mean there is a rich talent pool of candidates for top jobs long term.

The trust is also developing a consultancy offer to provide businesses with practical strategies to build a diverse and more inclusive workforce.

Some senior figures pointed out that encouraging diversity has important benefits. It is in everyone’s interests to make it happen.

• This article will be opened for comments on Sunday morning

Chinese firm buys LTI for £11.4m

Category : Business

Coventry-based black taxi manufacturer LTI is sold for £11.4m to the Chinese car maker Geely.

See original here: Chinese firm buys LTI for £11.4m

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SA tycoon donates half his wealth

Category : World News

South Africa’s richest black man, mining magnate Patrice Motsepe, announces he is giving away half his wealth to improve the lives of the poor.

More: SA tycoon donates half his wealth

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Black Bull Resources Inc. Announces September 30, 2012-Annual Financial Statement Release

Category : Stocks

SHELBURNE, NOVA SCOTIA–(Marketwire – Jan. 28, 2013) - Black Bull Resources Inc. (NEX:BBS.H) released the Audited Financial Statements and Management Discussion & Analysis (MD&A) for the year ended September 30, 2012.

Excerpt from: Black Bull Resources Inc. Announces September 30, 2012-Annual Financial Statement Release

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Category : World News

Shoal Point Energy Ltd. (“Shoal Point” “SPE” or the
“Company”) (SHPNF on OTCQX) (SHP on CNSX) announces that it has been able to
successfully extend the time period during which it is allowed to drill
exploration wells on each of EL 1120 and EL 1097R. Both of these licences are
offshore exploration licences located on the west coast of Newfoundland.

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