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London falls out of top 10 most expensive business travel destinations thanks to stronger euro

All UK locations on list dropped down the rankings, with Aberdeen seeing a particularly marked fall, while Monaco, Basel and Paris became pricier
London has fallen out of the top ten most expensive cities in the world for business travel, thanks to a strengthening euro, new research has found.
The UK capital was overtaken by Monaco, Basel and Paris this year, dragging it down to sixth place in Europe from third the year before.
All of the UK locations included in the list compiled by data and software company ECA International dropped down the rankings.
Read more Inflation falls in February as transport and food prices decline Aberdeen fell from 13th to 39th in the European rankings in two years, partly due to a downturn caused by lower oil and gas prices.
Simon Franklin, daily rates manager at ECA International said: “Whilst the price of business travel to London has remained relatively static over the past few years, the strong performance of the euro in the past year has se..

Niger Ambush Suspect May Be in Custody, Officials Say

Niger Ambush Suspect May Be in Custody, Officials Say Video How the Ambush of U.S. Soldiers in Niger Unfolded One of the American soldiers ambushed by militants in Niger was wearing a helmet camera – we analyzed the footage to understand what happened.
By DAVID BOTTI, CHRISTOPH KOETTL, THOMAS GIBBONS-NEFF and MALACHY BROWNE on Publish Date March 19, 2018. . Watch in Times Video » embed NIAMEY, Niger — More than six months ago, a group of American soldiers rushed to reach a spot in the scrubland of Niger after intelligence officials intercepted a signal from the cellphone of a terrorist known as Doundoun Cheffou. He wasn’t there, but hours later four of the Americans were killed in an ambush that remains under investigation.
This month, Nigerien forces apprehended a man who matches the description of Mr. Cheffou, a senior lieutenant of a former affiliate of Al Qaeda that pledged allegiance to the Islamic State. The Nigerien authorities are working to verify his identity, said a senior ..

Chemical Weapons Experts Blocked From Site of Syria Attack, Officials Say

Chemical Weapons Experts Blocked From Site of Syria Attack, Officials Say Photo Damaged buildings in Douma, Syria, the site of a suspected chemical weapons attack this month. Inspectors from the Organization for the Prohibition of Chemical Weapons have still not reached the area, two days after arriving in Damascus. Credit Hassan Ammar/Associated Press LONDON — Western officials accused Syria and Russia on Monday of preventing weapons inspectors from reaching the site of a suspected chemical attack by the Syrian government that led to airstrikes by the United States and its allies over the weekend.
Inspectors from the Organization for the Prohibition of Chemical Weapons arrived in Syria on Saturday, but two days later, they still had not reached Douma, the Damascus suburb where about 70 people were killed in the attack on April 7. Syrian and Russian forces have captured the area from rebels.
The inspectors are going to the scene to take samples and interview people, but “they are curre..

$21 Million in Assets Seized in South African Corruption Inquiry

$21 Million in Assets Seized in South African Corruption Inquiry Photo Members of the South African Asset Forfeiture Unit and other law enforcement agencies arriving to search the Gupta family compound in Johannesburg on Monday. Credit Agence France-Presse — Getty Images JOHANNESBURG — Law enforcement officials raided the compound of a family close to former President Jacob Zuma of South Africa on Monday as part of an investigation into corruption at a government dairy farm project.
Accompanied by the news media, about 20 officials seized assets totaling about $21 million at the Johannesburg residence of the Guptas, three Indian brothers who built a business empire through their ties to Mr. Zuma, his family and political allies.
National prosecutors said the assets belonged to “several individuals and entities who were implicated in the offenses of theft, fraud and money laundering” in an investigation into a dairy farm project in Vrede, a farming town in the province of Free State. Th..

Netflix 2018 quarter one earnings: Company beats expectations with 7.4 million new subscribers

Aggressive expansion of new original content seems to have paid off
Netflix continued its run of growth with a first quarter of 2018 that yielded a better-than-anticipated 7.4m new subscriptions.
The company’s all-important indicator of paid subscriptions increased beyond its own forecast, suggesting that the streaming service’s aggressive strategy of adding new original content has paid off.
It reaped some $3.6 bn (£2.5bn) in revenue in the first quarter of the year, according to a newly released earnings report, an increase of 43 per cent over a year ago.
Read more How Netflix’s foreign language content is helping to fight xenophobia Netflix withdraws from Cannes film festival over new rule change Netflix is hiring professional binge watchers to rate their shows Netflix’s stock price has soared this year, avoiding the sharp declines that have hit the technology industry. Shares rose more than six per cent in after-hours trading following the earnings report’s release.

Trump Picks Monetary Expert for No. 2 Job at Federal Reserve

Trump Picks Monetary Expert for No. 2 Job at Federal Reserve Photo Richard Clarida, a former Treasury official and a monetary expert, is President Trump’s nominee for the No. 2 post at the Federal Reserve. Credit Reuters WASHINGTON — President Trump will nominate Richard Clarida, a Columbia University economist and former Treasury official in the George W. Bush administration, for the second-ranking job at the Federal Reserve, the White House said on Monday.
Mr. Clarida is a monetary policy scholar whose expertise would complement the background of the Fed chairman, Jerome H. Powell, who is not an academically trained economist. His nomination was widely expected. If confirmed by the Senate, he would join Mr. Powell and John C. Williams, the incoming president of the Federal Reserve Bank of New York, in the leadership troika for America’s central bank.
The White House also said on Monday that Mr. Trump would nominate Michelle Bowman, the Kansas bank commissioner, for a seat on the Fed ..