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Government will control entire market 'from seed to smoke,' in a bid to curb addiction and drug violence

PR peer pays out over billionaire 'smear'

Lord Malloch-Brown, a former Labour minister, was left humiliated last night after he and the PR company he works for agreed to make an out-of-court settlement to the controversial Israeli mining billionaire Beny Steinmetz over sensational allegations of a smear campaign.

Not bad for a year's work: Hedge fund top five pocket more than $1bn each

Five of the $2trillion (£1.3trn) hedge fund industry's biggest names each took home more than $1bn last year, according to Forbes magazine's latest Rich List for the industry.

A view from outside Old Trafford

Manchester United value exceeds $3bn

Report says United are first sports team to break that barrier

US and euro slump sends markets into global spin

World markets were badly hit yesterday as the fallout from poor US economic data, warnings over the future of the Euro and fears of a global recession spooked investors.

Leading article: A voice of euro-fatalism that must be challenged

Just when the European Union might have welcomed a fortnight's breathing space, between the Yes vote in Ireland and the Greek election on 17 June, up pops George Soros, billionaire philanthropist and all-purpose financial guru, to throw his venerable spanner in the works. At a conference in Italy, Mr Soros warned that there was but a three-month window to save the euro.

Return of APR to be announced today

The imminent return to the stock market of APR Energy, the temporary power company bought earlier this year by entrepreneur Hugh Osmond, will be announced today.

Ritblat in £500m Plantation deal

Jamie Ritblat is set to secure the control of Plantation Place, the City office building that his father built, in a £500m deal.

Ex-girlfriend seeks £31m from George Soros

The former girlfriend of billionaire financier George Soros has accused him of reneging on a promise to buy her an apartment in New York City and has filed a $50m (£31m) lawsuit.

Soros returns $1bn to investors as he ends his hedge fund career

George Soros, the legendary investor best known for breaking the Bank of England, signalled the end of an era yesterday, announcing that he would no longer invest money for other people and concentrate instead on managing his multi-billion dollar personal fortune.

Soros predicts weaker nations will leave euro

George Soros, the man who made more than $1bn by betting against sterling on Black Wednesday in 1992, predicted yesterday that weaker nations would have to leave the euro.

Johann Hari: the hidden history of homosexuality in the US

The gay and bisexual community of America pre-dates Columbus – and continues to shape the nation. Why isn't it acknowledged? Johann Hari argues that it's time for the activists to come in from the margins

Ritblat's Delancey makes £194m offer for Minerva

Minerva, the property developer that counts the Walbrook building in the City of London as one of its developments, has received a £194m cash offer from a consortium including Jamie Ritblat's Delancey investment firm.

US watchdog calls in experts to draft 'living wills' for banks

Regulator wants to have plans ready to rescue or wind up institutions in future crises

Diary: George Soros should have some fun at Rupert Murdoch's expense

Andreas Whittam Smith once observed that it is an act of madness for a journalist to write an open letter (see Melanie Phillip's blog of last Tuesday: "An Open Letter To The Culture Secretary"). So I will not begin with: "Dear George Soros." But if you have access to the liberal philanthropist, pass on this suggestion concerning Rupert Murdoch's purported plan to keep further allegations about the News of the World hacking scandal out of the press. By offering bug-ees more than precedent insists a court would award, News International doesn't have to give evidence under oath in court. If Sienna Miller rejects Murdoch's £100,000 and is given less by a judge, for instance, she will automatically be liable for her costs and his. Mr Soros is a habitual victim of Murdochian malevolence. Glenn Beck has attacked him on Fox News in virulently anti-Semitic terms, by alleging that he was a Nazi collaborator while a teenager in Hungary, among other delights lifted from the Protocols of the Elders of Zion. If Mr Soros fancies revenge, he could indemnify anyone who wants to go to court but not to risk bankruptcy. It would cost Mr Soros millions to pick up the tab for even a few cases. But that's loose change for some mischievous fun.

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Seven Cities of Italy
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Prague, Budapest and Vienna
Lake Garda
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Prices correct as of 15 May 2015
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