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Commodity traders bet on big data and AI
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'Trader justice': Ex-SocGen trader fired for risky bets claims he was made a 'scapegoat'
A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a "scapegoat."CNBC - Business -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar weakened, with the WSJ Dollar Index down, as April jobs report missed expectations.The Wall Street Journal - World -
Societe Generale chief defends controls after Hong Kong trader’s unauthorized bets
The French banks both outstripped analysts’ expectations, causing their share prices to surgeMarketWatch - Business - Hong Kong
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Conservatives battered in local elections as losses mount
Labour hails ‘seismic’ by-election result as Tories haemorrhage council seats but hold on to Tees ValleyFinancial Times - Business -
Anger over Gaza clouds Labour’s local election wins
Party stacks up gains but support appears to drain away in areas with large proportions of Muslim votersFinancial Times - Business -
Is Rishi Sunak in trouble after the local elections?
UK prime minister faces a mutinous party after worst initial council poll results in 40 yearsFinancial Times - Business -
Giving away local power has come back to bite the political centre
The UK is too centralised, but experiments with devolution are in their infancy and still have mixed resultsFinancial Times - Business -
Western banks in Russia paid €800mn in taxes to Kremlin last year
Figure represents a fourfold increase on prewar levels and comes as profits jump at European lenders still in the countryFinancial Times - Business - Russia