Shares across the globe shuddered and then rebounded today as fears that Dubai’s debt crisis would sweep across the globe began to wane.
Shares across the globe shuddered and then rebounded today as fears that Dubai’s debt crisis would sweep across the globe began to wane. "In London, the leading FTSE 100 index rose 16.16 points in early trading to 5,261.89 as this weekend’s intervention by the Central Bank of the United Arab Emirates to provide an emergency liquidity facility for local lenders appeared to calm investors. While the FTSE fell back 17.22 points after nearly an hour of trading, it was due to traders taking advantage of today's early morning rally to make a profit on shares. There had been serious concerns that last week’s request from the Dubai Government to delay interest payments by Dubai World, the state-owned conglomerate which owes $59 billion of the country’s entire $80 billion debt mountain, would spark a run on local banks and leave lenders in the West nursing billions of dollars worth of losses. In Asia, Japan’s leading index bounced back 264.03 points, or 2.9 per cent, while in Hong Kong, the Hang Seng added 738.34 points, or 3.5 per cent. In France and Germany, stocks also opened higher."
Our experience of time may be blinding us to its true nature, say scientists.
- Time may not be passing at all, says the Block Universe Theory.
- Time travel may be possible.
- Your perception of time is likely relative to you and limited.
From questionable shipwrecks to outright attacks, they clearly don't want to be bothered.
- Many have tried to contact the Sentinelese, to write about them, or otherwise.
- But the inhabitants of the 23 square mile island in the Bay of Bengal don't want anything to do with the outside world.
- Their numbers are unknown, but either 40 or 500 remain.
At least he wasn't burned at the stake, right?
- The letter suggests Galileo censored himself a bit in order to fly more under the radar. It didn't work, though.
- The Royal Society Journal will publish the variants of the letters shortly, and scholars will begin to analyze the results.
- The letter was in obscurity for hundreds of years in Royal Society Library in London.
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