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Business Diary: 'Classy' Adoboli's court appeal

Saturday 22 October 2011 08:48 BST
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The shamed UBS trader Kweku Adoboli clearly has plenty of fans, judging by the voting so far in the annual London's Best Dressed Banker awards. He's currently standing in third position, well-placed to win the title and a £1,500 suit. His nominee says: "Adoboli looked classy throughout the investigation... his fashion taste never once took a downturn". If you want to vote for the man who caused £2bn-worth of losses – or, indeed, nominate someone else – go to cadandthedandy.co.uk/bestdressedbanker.

Can you beat Wolfson's wager?

Next boss and Tory peer Simon Wolfson has offered £250,000 to the economist who can come up with the best way for a country to make an "orderly exit" from the euro. A great idea! In the same spirit Diary will award a packet of pick & mix to the reader who comes up with the best way for euro-rabid Wolfson to make an "orderly exit" from politics. Actually, disorderly would do!

Capitalists draw a Blankfein

A letter from Goldman Sachs chief Lloyd Blankfein, pictured, sets out details of a new Global Rage Fund. Its investment objective? "To monetise the Occupy Wall Street protests as they spread around the world." After the bank posted quarterly losses of $428m, the letter admits: "The capitalist system as we know it is circling the drain – but there's plenty of money to be made on the way down." The gung-ho spirit is admirable and almost has the ring of truth about it...

Driving us to distraction

Our story that last week's BlackBerry outage led to a 40 per cent cut in traffic accidents in Abu Dhabi may have hit a chord with RIM, the firm that makes the smartphone. A disgruntled reader reports that when he opened his "Thank You Gift From BlackBerry" yesterday, the only free app he could get access to was DriveSafe.ly, which reads emails and text messages out loud.

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