Revealed: how bookies clamp down on successful gamblers and exploit the rest

Stake factoring is a way of grading customers according to their success and is widespread in the betting industry

On any given Saturday, Rory would spend several hours glued to a screen flickering with hundreds of football and horse racing bets placed by customers of the Irish bookmaker Paddy Power.

One of multiple insiders from firms including Paddy Power Betfair, Ladbrokes and William Hill who spoke on condition of anonymity, Rory was part of an obscure corner of the gambling industry that exists to maximise profits by clamping down on successful punters.

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If they could turn back time: how tech billionaires are trying to reverse the ageing process

Jeff Bezos and Peter Thiel are pouring huge sums into startups aiming to keep us all young – or even cheat death. And the science isn’t as far-fetched as you might think

In the summer of 2019, months before the word “coronavirus” entered the daily discourse, Diljeet Gill was double-checking data from his latest experiment. He was investigating what happens when old human skin cells are “reprogrammed” – a process used in labs around the world to turn adult cells (heart, brain, muscle and the like) – into stem cells, the body’s equivalent of a blank slate.

Gill, a PhD student at the Babraham Institute near Cambridge, had stopped the reprogramming process midway to see how the cells responded. Sure of his findings, he took them to his supervisor, Wolf Reik, a leading authority in epigenetics. What Gill’s work showed was remarkable: the aged skin had become more youthful – and by no small margin. Tests found that the cells behaved as if they were 25 years younger. “That was the real wow moment for me,” says Reik. “I fell off my chair three times.”

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Brexit: huge jump in trade between Ireland and Northern Ireland

Official Irish data suggests boost in trade on island of Ireland, but imports from Great Britain fell €2.3bn

The impact of the first year of Brexit on Ireland has been revealed after official data showed cross-border trade between Ireland and Northern Ireland jumped by €2.8bn (£2.3bn) in 2021.

Full-year figures from Ireland’s Central Statistics Office show that imports to Ireland from Northern Ireland were up 65% to €3.9bn, a rise of €1.5bn compared with 2020.

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Trump Organization’s accountants cut ties, calling years of filings unreliable

Mazars, Donald Trump’s longtime accountancy firm, sever links amid criminal and civil investigations of ex-president’s business

Donald Trump’s longtime accountancy firm cut ties with his business last week, saying that nearly a decade’s worth of Trump’s filings should “no longer be relied upon”.

The move comes amid ongoing criminal and civil investigations into whether Trump illegally inflated the value of his assets.

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1MDB scandal: bribery and bigamy loom large in ex-Goldman Sachs banker’s trial

Roger Ng pleads not guilty to helping launder millions of dollars looted from Malaysian sovereign wealth fund

On the first day of a trial over the multibillion-dollar looting of a Malaysian government fund, US prosecutors on Monday accused a former Goldman Sachs banker of taking $35m in kickbacks as his defense team slammed the prosecution’s star witness as a bigamist who used their client as a fall guy.

Roger Ng, Goldman’s former head of investment banking in Malaysia, is charged with conspiring to launder money and violating anti-bribery law in his dealings with Malaysia’s 1MDB sovereign wealth fund.

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Ukraine crisis has financial markets spooked, but not yet despondent | Larry Elliott

Shares dipped and oil prices crept closer to the $100 mark due to fears of invasion and resulting economic sanctions

The threat of a Russian invasion of Ukraine has left financial markets jittery but not yet panicky. Unsurprisingly, shares took a tumble on the world’s bourses and there was a brief rise in oil prices to just over $96 a barrel.

Investors were taking few chances and sought out traditional safe havens such as the US dollar, but there was little sense that world war three was about to break out. If anything, financial markets seem to be underestimating the risks.

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Saudi Arabia transfers $80bn in shares to wealth fund for green projects

Crown Prince Mohammed bin Salman said move was part of efforts to recalibrate the oil-led economy

Saudi Arabia has transferred shares worth $80bn to its sovereign wealth fund as the oil-rich nation hopes to rival Norway and Singapore’s state-managed funds and invest in green projects.

Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler, said 4% of shares in Saudi Aramco, the world’s biggest oil exporter, would be transferred to the kingdom’s sovereign wealth fund as part of efforts to recalibrate the oil-dominated economy.

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Northern Powergrid accidentally sends out compensation cheques for trillions of pounds

Energy meter numbers were used instead of amount payable in 74 Storm Arwen compensation cheques

An energy company has thanked “honest” customers who did not try to cash compensation cheques for trillions of pounds sent out in error.

Compensation is being paid to tens of thousands of people who were left without power when severe “once in a generation” winds swept across the UK in November last year during Storm Arwen.

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‘A RAT means a missed meal’: Morrison government urged to make rapid Covid tests free for all

Unions and charities say cost of tests hurts vulnerable Australians most, as 150,000 sign petition for free kits

Vulnerable Australians are being forced into “hiding at home” and lower-income workers are skipping meals because of the cost of rapid Covid tests, unions and welfare charities warn, as they plead with the Morrison government to reverse its opposition to providing free testing kits for all.

Despite the government’s recent move to make rapid antigen tests tax deductible, a coalition of advocacy groups including the Australian Council of Social Services (Acoss) and the Australian Council of Trade Unions (ACTU) warn the tax write-off plan provides a greater discount to higher-income earners.

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‘Don’t take the damn thing’: how Spotify playlists push dangerous anti-vaccine tunes

Conspiracy theory songs claiming Covid-19 is fake and calling vaccine ‘poison’ are being actively promoted in Spotify playlists

Songs that claim Covid-19 is fake and describe the vaccines as “poison” are being actively promoted to Spotify users in playlists generated by its content recommendation engine.

Tracks found on the world’s largest music streaming service explicitly encourage people not to get vaccinated and say those who do are “slaves”, “sheep”, and victims of Satan. Others call for an uprising, urging listeners to “fight for your life”.

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Indian supplier to UK fashion brands agrees to pay £3m in unpaid wages

Shahi Exports, which makes clothes for the UK high street, has agreed to pay staff minimum wage and arrears

India’s largest garment company has paid out an estimated £3m in unpaid wages to tens of thousands of workers, after two years of refusing to pay the legal minimum wage.

Last month Shahi Exports, which supplies dozens of international brands, agreed to pay nine months of back pay to about 80,000 workers, with further payments expected in the coming months that will increase the total paid back to workers to £7m.

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Greta Thunberg condemns UK firm’s plans for iron mine on Sami land

Beowulf Mining ‘hopeful’ for decision on mine in Sápmi despite opposition from activist, UN and Swedish church

A British company has fallen foul of Greta Thunberg, Unesco, Sweden’s national church, and the indigenous people in the north of the country over plans for an open-pit mine on historical Sami reindeer-herding lands.

The clamour of opposition was voiced as Beowulf Mining, headquartered in the City of London, suggested it was “hopeful” of a decision within weeks of a 5 sq mile iron-ore mine in an area where Sami communities have lived for thousands of years.

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‘Anything to stop the massacres’: peace still eludes DRC as armed groups proliferate

After years of conflict between the DR Congo’s ineffective army, rebel forces and local militias, can Uganda’s entry into the war bring peace?

For the past three months, Ugandan forces have been bombarding Islamist rebels in its border region with the Democratic Republic of the Congo. The offensive, in the Rwenzori mountain range that straddles both countries, has forced many Congolese to leave their homes and move to the cities for shelter.

Sarah Kasanga* is one. The Allied Democratic Force (ADF) militia stormed Kalingathe, her village north of Beni, in December 2019. People were made to lie on the floor while rebels searched homes for food, pots, money or clothes.

DRC soldiers overlook Virunga national park at a military base on the outskirts of Beni

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Fears for Democrats’ midterm hopes as US inflation hits 40-year high – live

Joe Biden acknowledged that rising prices in the US are having a significant impact on families’ budgets, even as the American economy more broadly continues to recover from the effect of the coronavirus pandemic.

“On higher prices, we have been using every tool at our disposal, and while today is a reminder that Americans’ budgets are being stretched in ways that create real stress at the kitchen table, there are also signs that we will make it through this challenge,” Biden said in a new statement.

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Mauritius warns UK firm over coins amid Chagos Islands dispute

Surrey-based Pobjoy Mint accused of violating international law by producing fish-decorated currency

The directors of a British firm producing tropical fish-themed coins for the British Indian Ocean Territory (BIOT) are being threatened with prosecution by Mauritius as the net tightens around the UK’s claim to sovereignty over the Chagos Islands.

The family-owned Pobjoy Mint, based in Kingswood, Surrey, has received a formal letter from Mauritius’s attorney general, Maneesh Gobin, telling its owners they are violating international law by manufacturing the currency without the correct legal permission.

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Sting sells back catalogue to Universal Music in deal worth up to $300m

Musician becomes latest big name to cash in on a long and successful career

Sting has sold his back catalogue, featuring hits including Roxanne, Every Breath You Take and Englishman in New York, to Universal Music in a deal thought to be worth up to $300m (£221m).

The 70-year old, who found global fame as a member of the Police in the late 1970s and early 80s before going solo, becomes the latest big name musician to cash in on a long and successful career.

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US inflation hits highest level in 40 years in January as prices rise 7.5% from 2021

Inflation has been driven higher by soaring demand and lack of supply caused by Covid pandemic’s global impact on trade

Inflation in the US climbed to its highest level in 40 years in January, with prices rising by 7.5% from a year ago, the Bureau of Labor Statistics reported on Thursday.

The rise in the consumer price index (CPI) survey – which measures the costs of a wide variety of goods – was the largest since February 1982. CPI rose 0.6% from December, higher than expected.

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The rise in global inflation – the hit to living standards across the world

Analysis: From Pakistan to the US, Australia to Germany, the cost of living is rising to new highs and causing new hardships

After decades lurking in the shadows, inflation is back. On Amazon, you can find fridge magnets printed with words spoken 40 years ago by Ronald Reagan, before the election that swept him into the White House.

“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.”

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AstraZeneca forecasts higher 2022 sales after record revenues

Drugmaker’s total revenues increased by 41% last year with help from $4bn Covid jab income

AstraZeneca forecast higher 2022 sales and lifted its annual dividend for the first time in a decade after record revenues last year, but warned the boost from its Covid-19 products would decline.

The Anglo-Swedish drugmaker said it made almost $4bn (£2.9bn) last year from the Covid jab it developed with Oxford University. It moved away from its not-for-profit pricing in November, when it signed new contracts in Latin America, the Middle East and Asia. The shot, called Vaxzevria, has not yet been approved by the US regulator.

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Lower house sits late to continue religious discrimination bill debate – as it happened

Debate over religious discrimination bill to continue as House of Representatives agrees to sit late; Brittany Higgins calls for Jenkins review to be implemented; nation records at least 68 deaths from Covid – follow all the day’s news

The Coalition has been sitting on a major report into the state of the care workforce in Australia since September last year, Sarah Martin reports. The report “set out to examine the needs of the care and support workforce for aged, disability, veteran and mental health care”:

I mentioned the Health Services Union’s survey earlier, in the context of the opposition hoping to wound the government over the aged care crisis.

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