Skip to content
Search

Latest Stories

Hard Numbers

Hard Numbers: Short sellers made bank ahead of Hamas attack, Sunak hits bottom over immigration, Spotify slashes workers, fresh violence in India’s Manipur, US envoy charged with helping Castro

FILE PHOTO: New Israeli Shekel banknotes are seen in this picture illustration taken November 9, 2021.

FILE PHOTO: New Israeli Shekel banknotes are seen in this picture illustration taken November 9, 2021.

REUTERS/Nir Elias
Make us preferred on Google

862 million: Did some stock market investors know about Hamas’ Oct. 7 attack ahead of time? A new report alleges an unusual pattern of short-selling of Israeli securities in the weeks, and even hours, leading up to the deadly rampage. In one example, short sellers of stock in Leumi, Israel’s largest bank, reaped profits of $862 million by dumping stock between Sept. 14 and Oct. 5.

25.4: Don’t pull out that head of lettuce just yet, but British PM Rishi Sunak’s popularity among his own Tory Party has crashed to record lows. His net approval rating is now negative 25.4 points, and roughly three in five Tories who supported the party in 2019 say they are still with the party, with many eyeing Nigel Farage’s far-right Reform UK party instead. Conservative voters are angry with Sunak for failing to stop a record wave of asylum-seekers arriving in the UK.


17: “Music for everyone,” yes, but not jobs for everyone. Music streaming giant Spotify has slashed 17% of its workforce — some 1,500 people — in a move to try to turn an annual profit for the first time since it was founded in Stockholm in 2006.

13: At least 13 people were killed in the latest round of violence in the northeastern Indian state of Manipur, where ethnic clashes since May between the majority Hindu Meitei ethnic group and the predominantly Christian Kuki-Zo minority have killed at least 180 people and displaced tens of thousands. Earlier this year, PM Narendra Modi drew criticism for failing to react swiftly to violence in Manipur.

25: Did a former top US diplomat in Latin America use his 25-year-long career to promote the interests of the Cuban government? The FBI thinks so. Manuel Rocha, a former US ambassador to Argentina and Bolivia, has been arrested on suspicion that he was serving the Castro regime while officially working for los Yanquis.

More For You

Cape Verde’s keeper goes viral
Will Fitzpatrick
The 40-year-old’s stunning display against Spain has earned him plaudits worldwide, as Cape Verde managed to draw 0-0 with European champions in Atlanta yesterday. It’s an astonishing achievement for the tiny African island of 500,000 people, which is ranked 64th in the world (Spain, which has 50 million people, is 3rd). Vozinha’s saves have also [...]
UK set to ban under-16s from social media
Farida Dowidar
The UK government announced a ban on young people’s access to most social media platforms, along with livestreaming and chat features on certain gaming platforms. The ban is expected to begin early 2027, joining similar efforts by other countries like Australia, Canada, Greece, and Indonesia. But will the plan work? Last week, it emerged that [...]
Cuba’s next fuel shipment in purgatory
Farida Dowidar
Earlier this week, Florida‑based Vanguard Energy announced it had authorization from both the US and Cuban governments to ship 250,000 barrels of fuel to private buyers in Cuba – potentially the island’s largest delivery since Eisenhower‑era sanctions in 1960. But once the news became public, the US State Department said Vanguard did not have a [...]
Length of Russia-Ukraine war surpasses World War I
Farida Dowidar
Russia’s full-scale invasion of Ukraine has outlasted what many thought would be the “war to end all wars.” For a conflict Vladimir Putin believed would end in Russian victory within weeks, the Ukraine war has stretched well past four years, and with no clear end in sight. The fight has been, at times, so grinding that Ukraine and Russian advances [...]