The world’s super rich families are turning their backs on hedge funds

The world’s super rich families are turning their backs on hedge funds

The world’s super rich are increasingly turning their backs on hedge funds, with the amount of money invested by family offices dropping for a third consecutive year, according to Swiss bank UBS. According to UBS’ annual survey of family offices hedge funds now account for just 5.7% of all investments in the sector. Family offices,…

One of the world’s largest ratings agencies on Brexit: ¯_(ツ)_/¯

One of the world’s largest ratings agencies on Brexit: ¯_(ツ)_/¯

Nobody knows anything. Aly Weisman/Business Insider LONDON — Fitch, one of the „Big Three” credit ratings agencies, now believes that the manner of the UK’s exit from the European Union is now so unclear that it is impossible to forecast. In a statement on Thursday afternoon, Fitch said it is abandoning its previous base case…

The world’s most liveable city named

The world’s most liveable city named

Image copyright Getty Images The Austrian capital, Vienna, has beaten Australia’s Melbourne to be named the world’s most liveable city. It’s the first time a European city has topped the rankings of the Economist Intelligence Unit (EIU) annual survey. The worldwide league table ranks 140 cities on a range of factors, including political and social…

World’s ‚oldest biological colours’ found

World’s ‚oldest biological colours’ found

Image copyright LANNON HARLEY Image caption The pink pigments are the fossilised molecules of ancient sea organisms Scientists have discovered what they say are the world’s oldest surviving biological colours, from ancient rocks beneath the Sahara desert. The 1.1 billion-year-old pigments have a bright pink hue, but range from blood red to deep purple in…

Malaysia gets world’s oldest elected leader

Malaysia gets world’s oldest elected leader

Image copyright Reuters Mahathir Mohamad is on course to become the world’s oldest elected leader at 92, after a shock victory in Malaysia’s bitterly fought election. The former PM came out of retirement and defected to the opposition to take on his one-time protégé Najib Razak, beset by corruption allegations. His historic win has ousted…

The world’s last male northern white rhino has died

The world’s last male northern white rhino has died

Sudan, the last remaining male northern white rhino, in June. The viral photo is below. Thomas Mukoya/Reuters A photo of the last male northern white rhino in the world has gone viral on Twitter. The photo depicts Sudan lying on the ground, alongside the caption: „Want to know what extinction looks like?” Sudan is the…

Finland ‚world’s happiest place’ in 2018

Finland ‚world’s happiest place’ in 2018

Image copyright Reuters Image caption Nordic countries regularly appear in the top five happiest places, according to the survey, with Finland coming top this year This year’s happiest place on Earth is Finland, according to an annual UN report – toppling Norway from the top spot. The World Happiness Report measures „subjective well-being” – how…

World’s youngest billionaire in Trump warning

World’s youngest billionaire in Trump warning

Media playback is unsupported on your device Media captionUS political climate is having an effect on new talent, says John CollisonAnti-immigration rhetoric coming from the White House is deterring software developers from going to the US. That’s according to the world’s youngest self-made billionaire, 27-year-old Irishman John Collison. Stripe, the company he founded with his…

World’s fishing fleets mapped from orbit

World’s fishing fleets mapped from orbit

It’s another demonstration of the power of Big Data – of mining a huge batch of statistics to see patterns of behaviour that were simply not apparent before. Computers have crunched 22 billion identification messages transmitted by sea-going vessels to map fishing activity around the globe. The analysis reveals that more than 55% of the…