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Statues represent memories of the past, both glory and shame. With Bristol taking down the statue of slave trader, later philanthropist Edward Colston (1636-1721), US protestors have started taking down statues of Civil War or slave-tainted personalities. Law and order President Trump want to protect statues against desecration.
LONDON: A Saudi Arabia-led investor group is in talks to buy Newcastle United, the Premier League soccer team owned by British billionaire Mike Ashley, for about £340mil (US$445mil).
DUBAI: Advisers working on Saudi Aramco’s mammoth share sale may split a fee pool of as much as US$450 million, according to people with knowledge of the matter, making it one of the biggest IPO pay outs globally.
MUCH has been said about the excessive risk-taking of US financial institutions such as banks, brokerage houses and hedge funds that has contributed to the US credit crunch leading to the near collapse of the global financial system. All these firms were caught up in what has been called the 'great game of risk transfer.'