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Jacob Rothschild's death sparks succession talk over his sprawling empire
To the Rothschilds, leadership succession is treated like that of an accession to the throne in a monarchy – not unlike the fictional Roy family in the popular TV series Succession.
It is an obsession that has enabled them to keep their name alive while other traditional City families – such as Kleinworts and Warburgs – have disappeared.
For many years, Nat, 52, appeared to be the natural successor, ‘a chip off the old block’ who moved effortlessly in the world of high finance. But his father disliked his playboy lifestyle and rebellious streak. READ
Jacob Rothschild's death sparks succession talk over his sprawling empire
To the Rothschilds, leadership succession is treated like that of an accession to the throne in a monarchy – not unlike the fictional Roy family in the popular TV series Succession.
It is an obsession that has enabled them to keep their name alive while other traditional City families – such as Kleinworts and Warburgs – have disappeared.
For many years, Nat, 52, appeared to be the natural successor, ‘a chip off the old block’ who moved effortlessly in the world of high finance. But his father disliked his playboy lifestyle and rebellious streak. READ
There was another possible development: Reuters also reported that Ukraine said that Belarus could soon join the invasion of Ukraine. However, the AFP, citing a Pentagon official, said the U.S. hasn’t yet seen evidence that Belarusian troops are in Ukraine. And indeed, volatility has been a hallmark of the market environment so far in 2022, with the S&P 500 still down more than 10% for the year-to-date after first sliding into a correction last month. The CBOE Volatility Index, or VIX, has held at a lofty level of more than 30. These entities are reportedly operating nine Telegram channels with more than five million subscribers to whom they were making recommendations on selected listed scrips. Such recommendations induced the investors to deal in the said scrips, thereby creating artificial volume and price rise. Markets continued to grapple with the economic and corporate earnings implications relating to the Russia-Ukraine conflict. “We have a ton of uncertainty right now,” said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. “We’re dealing with a war, we’re dealing with inflation. We don’t know what it means to earnings.” What distinguishes the app from competitors is its use of what's known as channels: Public or private feeds of photos and videos that can be set up by one person or an organization. The channels have become popular with on-the-ground journalists, aid workers and Ukrainian President Volodymyr Zelenskyy, who broadcasts on a Telegram channel. The channels can be followed by an unlimited number of people. Unlike Facebook, Twitter and other popular social networks, there is no advertising on Telegram and the flow of information is not driven by an algorithm.
from hk
