Wednesday 31 March 1999
Sell the euro: In January, it seemed every analyst in town was telling us to fill our boots with euros. Since then it has been all one way in the wrong direction: German politicians demand interest rate cuts: sell the euro. War in the Balkans: sell the euro. Now the prospect of an interest rate cut in Euroland has provoked the standard reaction: sell the euro. Where are all the geniuses who were telling us in January to buy the euro? Crafting more drivel, no doubt.
Life is a cabaret: Paris rocked as JP Morgan threw a splendid party at the Musee des Arts Forains to honour those attending the Inter-American Development Bank annual meeting. There were expensive cigars, clowns and even a carousel. Could this be a sign that the party's back on for emerging markets? One cynic wasn't so sure: "It's hard to tell which are the clowns and which are the bankers," he said.
Online bankers: The introduction of e-mail at Coutts allows customers to send provocative messages to their managers. One customer, infuriated by reports that the bank had extended a pounds 4m overdraft to the Queen Mother (right), received his comeuppance, however, when an e-mail whistled back insisting that there was "no truth at all" to the recent stories.
Licence to print money: Whoever said it was impossible to make money on the Internet? British physicist Laurence Godfrey has so far filed info highway libel actions against companies and individuals in the Australia, Canada, the United States, and New Zealand and his winnings are mounting. Now he has managed to persuade Mr Justice Morland to allow him to proceed against Demon Internet, which carried an allegedly libellous posting on an obscure Internet news group, falsely purporting to be from Godfrey himself. Upstanding though Godfrey certainly is, the decision opens the possibility for potential litigants to anonymously libel themselves, and then to turn around and sue every Internet service provider within reach of a writ.
- 1 Autism 'caused by genetics', study suggests
- 2 What happens to your body when you give up sugar?
- 3 Why you should never make assumptions about people with autism
- 4 Tourist films plane's descent just metres above packed Caribbean beach
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
Tourist films plane's descent just metres above packed Caribbean beach
Bali nine: Welcome to 'Execution Island' – the Indonesian holiday resort where foreigners are sent to die
How Homer Simpson discovered the Higgs boson over a decade before scientists
The 'sex selfie stick' lets you FaceTime the inside of a vagina
Harrison Ford plane crash: Star Wars actor 'seriously injured' after light aircraft crash lands
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
End of the licence fee: BBC to back radical overhaul of how it is funded
Ex-head of MI6: 'We shouldn't kid ourselves that Russia is on a path to democracy'
Most people think legal tax avoidance is just as wrong as illegal tax evasion, poll suggests
Nigel Farage promises Ukip will not 'stigmatise' would-be migrants – and says he wants 'everyone to speak the same language'
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