DAILY NEWS IN ENGLISH
EU fines major banks 1 billion euros over currency cartels The European Commission on Thursday fined five major banks €1.07 billion ($1.2 billion) for collusion in the foreign currency market. The fines would normally have been 10% higher, but was reduced after the banks admitted their involvement. What was revealed EU anit-trust authorities uncovered two separate cartels: Barclays, Royal Bank of Scotland, Citigroup and JPMorgan were find €811 million for trading within the "Forex — Three Way Banana Split" cartel.Barclays, RBS and MUFG Bank were fined €257 million over the "Forex-Essex Express" cartel.The cartels involved 11 currencies, including the US dollar, the British pound sterling, the euro and the Japanese yen.Activities started in 2007 and 2009 respectively and ended in 2012 and 2013 resepectively.Swiss bank UBS does not have to pay a fine as it informed the authorities of the cartels.
Several killed after roof collapse in Shanghai Mercedes-Benz dealership A building collapse in Shanghai claimed several lives after around 20 people were trapped under the rubble. Over 150 rescue workers raced to pull the survivors to safety from the former Mercedes dealership. At least five people lost their lives in downtown Shanghai after the roof of a large building caved in on Thursday. Another 14 were rescued in a massive rescue effort which involved over 150 emergency responders and 24 vehicles. The low-rise building in the residential Changning district had been used as a Mercedes-Benz dealership. The building was undergoing renovation when it collapsed at around 11:30 a.m. local time. Chinese officials did not say what the cause of the collapse was.
112/2019 • 17 MAY, 2019
Boris Johnson confirms bid for leadership of Conservative Party Heʼs the third to confirm a bid to succeed Theresa May
At a business conference in Manchester, former British Foreign Secretary Boris Johnson said that he would be standing for the leadership of the Conservative Party.
Looking beyond streaming services: What comes next? Streaming services are still viewed as the future of the music industry. But experience tells us that new things can take over more quickly than expected. What could come after streaming, DWʼs Dina Slanjankic wonders. A new album from your favorite singer has just been released, so you go the nearest music store and buy it. Well, thatʼs how it used to be. Today, youʼd more likely stay right at home and stream the whole album to your smartphone within seconds. You can access your music everywhere — at home or on the road, and it doesnʼt really cost
you much.Welcome to the modern world! A couple of years ago, the music industry seemed completely lost, with fewer and fewer people buying CDs or LPs. Revenues were in free fall, former major labels were in the red and some musicians had to look out for a second job. The industry was almost dead until the end of the last decade when a new form of music use was born — streaming, which was faster, more innovative and easier to handle. Spotify, Deezer and YouTube brought about a resurrection of the music business and are now the top market players in terms of user bases and revenues.
Emirati woman at home with her family after 27 years in a vegetative state Munira Abdulla was 32 when she was involved in a serious car accident thatleft her in a vegetative state. After 27 years in the hospital, the woman, now 60, is at home with her family in the United Arab Emirates (UAE). Her son Omar, whom she had just picked up from school when the accident happened in 1991, said although his mother had awoken from her vegeta-
tive state in May of last year, her family had decided to wait until her condition had stabilized before making the announcement on Wednesday. Omar, who was four at the time and was also injured in the accident, told reporters, "We felt we needed to share the story to give people going through the same or similar experiences hope."
Belgian former king ordered to take DNA test over alleged love child A Belgian court on Thursday ordered the countryʼs former king to pay €5,000 ($5,600) a day until he takes a DNA test to resolve whether he is the biological father of a woman who claims to be his daughter. The appeals court in Brussels ruled that King Albert II, 84, conduct the test in the presence of a justice official. The judges said Albert must start paying Delphine Boel the €5,000-per-day fine if he fails to attend the appointment. The former king said he would appeal the verdict at Belgiumʼs highest court. Boel began legal proceedings to be recognized as Albertʼs child in 2013. Her claim first gained publicity afterAlbertʼs wife, Queen Paola,claimed in a 1999 biography that he had a child with another woman while they were married. DNA tests have already shown that Boel is not the biological daughter of Jacques Boel, a member of one of Belgiumʼs richest families.
Bob Hawke: Longserving Australian prime minister dies at 89 Former Australian Prime Minister Bob Hawke died on Thursday at the age of 89. TheLabor partylawmaker gained a reputation as a transformative and charismatic lawmaker during his time in office. "The Australian people loved Bob Hawke because they knew Bob loved them, this was true to the very end," Labor leader Bill Shorten said in a statement. His second wife said the late politician "died peacefully at home." She described Hawke as a "great Australian — many would say the greatest Australian of the postwar era."
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112/2019 • 17 May, 2019
Muslim fashion for women exhibition stirs controversy in Germany
US blacklists Huawei as Trump declares national emergency
Muslim head coverings have always been a controversial topic, as they embody so many issues, whether womenʼs rights worldwide or Western prejudice and discrimination against Muslims. Now that the first exhibition dedicated to fashion consciousness of women in Islam is opening at Frankfurtʼs Museum Angwandte Kunst, the debate surrounding headscarves has been rekindled in Germany. Titled "Contemporary Muslim Fashions" and first shown at the M.H. de Young Memorial Museum in San Francisco, the exhibition, however, does not aim to answer the numerous political and social questions related to hijabs or burkinis. "The focus of the exhibition is really fashionable modest dress and what weʼre trying to show in the exhibition is that there is a lot of choice for the mass of Muslim women," said Jill DʼAlessandro, curator of the "Contemporary Muslim Fashions" exhibition in San Francisco.
President Donald Trump has declared a national emergency over a perceived espionage threat. US firms could be barred from using foreign telecoms that could pose a threat, a move apparently aimed at Chinaʼs Huawei.
Diamond League Doha: Dina AsherSmith wants to avoid World Championships hiccup
According to new research, menʼs biological clocks are ticking, too. Older fathers may put their infants — and partners — at risk for pregnancy complications.
European sprint-double champion Dina Asher-Smith will use Fridayʼs opening Diamond League event in Doha to avoid any "curveballs" when she returns for Septemberʼs World Championships. The Briton, 23, is looking to build on her 2018 success, when she won 100m gold in Berlin, then became the first British woman to run under 22 seconds in taking the 200m European title.
President Donald Trump has signed an executive order to stop US companies from using telecommunications equipment made by "foreign adversaries" deemed to pose a national security risk. The order appears to address White House concerns that equipment from Chinese suppliers such as Huawei could pose a threat to US internet and telecommunications infrastructure. The move gives the US Department of Commerce 150 days to draw up new regulations. In a separate action — soon
after Trump signed the order — the commerce department added Huawei and its affiliates to its "entity list" of companies considered to pose a risk to either national security or foreign policy interests. "The president has made it clear that this administration will do what it takes to keep America safe and prosperous, and to protect America from foreign adversaries who are actively and increasingly creating and exploiting vulnerabilities," a statement from the department said on Wednesday.
Fertility: Sperm also has an expiration date
Itʼs 8 a.m. on your 35th birthday and your mother has already called you three times. You want to sleep longer, but she persists. You call her back; she answers after the first ring. "Sweetie," she says, out of breath. "I was just in the kitchen making breakfast and — you wonʼt believe this — I cracked open an egg with two yolks inside. Do you know what that means?"
Of course you know what it means. According to modern fertility folklore, pregnancy might be on the way. But why doesnʼt your mother ever call your 40-year-old brother with these brilliant fertility revelations? Older male fertility: should we be worried? Most couples trying to conceive (and enthusiastic mothers-in-law) know that decades of research point to a womanʼs age of 35 as the point in which women may begin to experience age-related pregnancy complications. The scientific interest in women is intuitive — they play the most obvious role in the pregnancy.
Leonardo da Vinciʼs rebirth of anatomy Leonardo da Vinciʼs anatomy studies could have revolutionized medicine, but they were lost for a long time. The drawings show insights into the human body that were previously completely unknown. Da Vinci first came to anatomy through art. He studied the structure, function and proportions of the body, which he wanted to understand and depict as realistically as possible. The Renaissance no longer sees the body as a shell of the soul, as it was viewed in the Middle Ages, but celebrates the beauty of the human body.
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Sierra Leoneʼs one month fishing ban achieves little Up and down Sierra Leoneʼs 400kilometer (249 mile) stretch of coastline, entire villages depend on the sea. Some 8,000 small boats manned by local fishermen go out every day to cast their nets – their catch a vital source of income in what is one of the worldʼs poorest countries. Without the fishermen, Sierra Leoneans would also go hungry – more than four fifths of the population depend on fish as a source of animal protein. But the countryʼs traditional fishing communities have long complained that their catch is drastically shrinking due to overfishing by foreign trawlers. Giving fish stocks a chance to bounce back In an attempt to counter this, Sierra Leoneʼs government temporarily banned fishing by industrial boats for a month from 1 April.
Geely the car industryʼs rising ʼprofitability starʼ Ferdinand Dudenhöffer from the CAR Center Automotive Research at Germanyʼs Duisburg-Essen University called Chinese auto manufacturer Geely "the profitability star of the worldʼs car industry." A fresh study by the center points out that on average, a Geely car costs just €9,529 ($10,942), but the companysecures a 14.4 percent profit from revenues before tax and interest. Dudenhöffer says thatʼs a lot more than, say, the profit margins of foreign rivals BMW, Toyota or PSAOpel. The worldʼs largest carmaker, Wolfsburg-based Volkswagen, logs a profit margin of only 8.2 percent, the survey says. Geely is part of the Zhejiang Geely Holding,which also owns Volvo Cars, London EV-Taxi and Lotus.The holding has also acquired a 10 percent stake in Daimler. According to the CAR researchers, Geelyʼs rapid rise is based on its successful compact car platform, which it developed together with Sweden-based Volvo. "What Ferdinand Piëch managed to implement at VW from 1993 with the help of his platform strategyis in a way being copied now by Geelyʼs main shareholder and founder, Li Shufu," said Ferdinand Dudenhöffer, adding that the Chinese were becoming major players in the global auto market.