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Hedge funds worry about the legal risks of using “alternative” data
incomerevealed.com

“QUANT” (quantitative) hedge funds, which craft elaborate algorithms to make trading decisions, rely on access to information. That used to mean market data, such as prices and trading volume. But some now seek an edge in novel sources. An industry has sprung up to serve them with, and help them analyse, “alternative” data, such as […]

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Abraaj, a private-equity firm, files for provisional liquidation
incomerevealed.com

UNTIL recently the Abraaj Group, a private-equity firm based in Dubai, was riding high. It was one of just a few such firms focused on emerging markets, and a darling of “impact investors”, who seek social or environmental returns, not just financial ones. Assets under management of $13.6bn made it the largest private-equity firm in […]

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Can refugees help to plug Europe’s skilled-labour gaps?
incomerevealed.com

THE canteen of Stockholm University could scarcely be more Swedish. Young blond students sip coffee and tap away on Macs. In room 3.89, an outpost of the campus, is another, newer Sweden. Refugees, all of them teachers, from lands far to the south and east are preparing for the classrooms of their new home. Several […]

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Rent the Runway is taking clothes-sharing mainstream
incomerevealed.com

Clothing as a service AT ABOUT 4.30am the first of thousands of black garment bags arrive by truck at a vast warehouse less than ten miles (16km) from Lower Manhattan. The bags brim with designer dresses and other trendy clothing and accessories. Workers begin inspecting the garments. A billowy, patterned blouse smells a bit ripe. A floor-length […]

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Shootings in India tarnish Vedanta’s reputation
incomerevealed.com

AFTER 99 peaceful days of protests, the 100th brought carnage. On May 22nd in Tuticorin, a coastal town near the southern tip of India, police indiscriminately fired live rounds into a crowd of several thousand demonstrators who were opposing the planned expansion of a copper-smelting facility. Thirteen people died and scores more were injured. The […]

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Six muddles about share buy-backs
incomerevealed.com

THE last time a corporate-finance concept went mainstream was during the financial crisis, when banks’ capital became a subject you could raise in yoga studios or biker bars without being hushed or hospitalised. Now there is a new candidate: share buy-backs, which reached $189bn in the three months to March for firms in the S&P […]

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If wages are to rise, workers need more bargaining power
incomerevealed.com

“IT’S just not going to happen,” said Troy Taylor, the boss of a Coca Cola bottling company, when asked at a recent Federal Reserve event whether he foresaw broad-based wage gains. His remarks (unlike the fizzy drinks he sells) were unsweetened. But experience suggests he may have a point. In most rich countries, real pay […]

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Rwanda refuses to remove tariffs on imports of used clothing
incomerevealed.com

Glad rags to sad rags IN A market in Kigali, Rwanda’s capital, a cacophonous auction is under way. Sellers hold crumpled T-shirts and faded jeans aloft; traders shout and jostle for the best picks. Everything is second-hand. A Tommy Hilfiger shirt goes for 5,000 Rwandan francs ($5.82); a plain one for a tenth of that. […]

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European firms are increasingly tackling the scourge of bribery
incomerevealed.com

ONE of the more extreme recent cases of corporate bribery is that of LafargeHolcim, a giant Swiss-French cement-maker which was accused in 2016 of funnelling money to armed groups controlling roads and checkpoints around a factory in Syria. The firm still cannot be sure who pocketed its payoffs, via middlemen, that were intended to keep […]

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Boeing’s antics at the World Trade Organisation risk a trade war
incomerevealed.com

GULLIVER’S regular readers might be interested in an article in this week’s print edition about Boeing’s partial victory in a case at the World Trade Organisation, brought in retaliation for subsidies that the European Union is alleged to have given Airbus, its European planemaking rival.  On May 15th the WTO’s final appeals body upheld parts […]

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