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artillery. Such foul-ups revealed deeper problems. All modern armies use two approaches to logistics, explains Ronald Ti, a military logistician at King’s College London: “pull" logistics, which involve responding flexibly to consumption and demand signals by units in the field, and “push" logistics, in which ammo and material are dispatched based on predetermined rates of use.

Freddie Mercury used to compose almost all of his greatest songs and the original manuscript for «Bohemian Rhapsody» were snapped up for over £3 million Wednesday when they went under the hammer in London. The Sotheby's auction room echoed to the sound of the track «We Will Rock You» before bidding began at the black-tie evening auction. The items were among over 1,400 lots of Mercury memorabilia up for grabs over the next week, with the famous auction house's facade decorated with a huge moustache for the occasion. The 59 lots sold on Wednesday brought in £12,172,290, Sotheby's said, adding that each one went for more than double the estimated price. Mercury's Yamaha quarter-tail piano went for £1,742,000 ($2,198,927), including buyer's premium and fees, while the manuscript for the epic hit song «Bohemian Rhapsody» fetched £1,379,000. Auctioneer Oliver Barker called the «Bohemian Rhapsody» lyrics — contained in 15-pages of pencil and ballpoint pen remarks — a «modern cultural icon». The manuscript also reveals that Mercury, who died from AIDS in 1991, originally intended to call the song «Mongolian Rhapsody». Mercury's cherished baby grand was purchased by the charismatic star in 1975 after an exhaustive six-month search for «the ideal instrument to bring to life» his compositions. A record 2,000 bidders from 61 countries registered to take part in the sale. Part of the proceeds will be donated to the Mercury Phoenix Trust and the Elton John Aids Foundation, two organisations involved in the fight against AIDS. «I miss Freddie to this day.

London | On Wednesday evening (Thursday AEST), the cargo ship Port Macao sailed up the Thames River and berthed at the modest wharf beside Tate & Lyle’s sugar refinery – one of the last industrial buildings still standing, and working, in London’s docklands.

FPIs), the capital market regulator has simplified the rule for identifying senior management officials (SMOs) in these offshore funds. The urgency to name a key official in an FPI is felt as it is often not possible to know who calls the shots in a fund which is often structured in multiple layers, with each vehicle in separate jurisdictions. Under the circumstances, the regulator had earlier said that the key official in the apex vehicle, which is at the top of the FPI chain, would be considered as the SMO. This did not go down well with most funds as senior officials of the top entity in New York and London were reluctant to be named as SMOs of a Mauritius or Singapore FPI vehicle, several layers below.

By Richa Naidu and Helen Reid

NEW YORK (Reuters) — Okapi Partners, which counsels on proxy fights and mergers and acquisitions, is joining forces with UK-headquartered shareholder intelligence firm Investor Update Ltd to expand abroad, tapping a surge in shareholder activism campaigns in Europe.

MOSCOW (Reuters) — A lawyer for Goldman Sachs argued in a Moscow court on Thursday that a $6.3 million lawsuit against it by Russia's Otkritie Bank should be heard instead in London.

By Huw Jones

The regulations are intended to bring euro-denominated interest rate swaps from the London Stock Exchange, which holds over a 90% market share on clearing them.

Shares are lower in Europe and Asia after China reported that its exports fell for a fourth straight month in August, adding to pressures on its slowing economy

brigade, and Serhiy Ogerenko, his chief of staff, speaking to Ukrainska Pravda, a newspaper, say civilians helped correct artillery fire, even using their own commercial drones. Colonel Shevchuk says that, if his men knew that Russians were near a particular village but were unsure precisely where, they would open Google Maps, find a local shop and cold-call it. “Good evening, we are from Ukraine! Do you have any kaptsaps [Russians] about? Yes.

London | The emerging global carbon market will radically reshape the world’s forests into a potentially booming asset class – one already worth $US100 billion ($156 billion) – but the industry has no seat at the table where the new rules are getting drawn up.

Rising home prices have sent property values soaring over the past five years, and for some lucky buyers who snapped up homes in 2018, that’s amounted to hundreds of thousands of dollars in extra equity.

WATFORD GAP, England—There is no Mason-Dixon Line in England to settle debate about where the North ends and the South begins. So physicists at Sheffield Hallam University used artificial intelligence to draw one. Their conclusion: The line runs right past Watford Gap rest area, a clump of fast-food outlets and gas pumps on a highway 80 miles from London.

India's long-term economic growth present plenty of room for Indian and Scotch whiskies to prosper in the world's biggest whisky market, an industry association said on Wednesday.Scotch Whisky Association (SWA) also said that the proposed reduction in import duty by India under a free trade agreement between New Delhi and London would not only help boost exports of Scotch whiskey from the UK, but consumers here will also get more choice as smaller producers enter the market. India and the UK are negotiating a free trade agreement. It will also benefit India-Made Foreign Liquor (IMFL) brands by reducing import costs. The association also said that imported Scotch whisky will pose «very little» direct competition to local Indian whisky because of its small size here. A large portion of the export of Scotch whisky to India is in bulk, and the bottled versions are only 24 per cent of exports.

₹1 crore investment will strengthen our understanding of the threat posed by pro-Khalistan extremism and complement the joint work already underway between the UK and India," he said. "UK citizens enjoy the right to gather lawfully and demonstrate a point of view, but rights to lawful protest do not extend to violent or threatening behaviour," the British prime minister said.

London | The need to build huge amounts of extra electricity transmission capacity worldwide is threatening to become a serious bottleneck in many countries’ push towards renewable energy, consultancy firm BCG has warned.

Macquarie Group’s asset management arm downgraded its short-term outlook as it expects returns from potential asset sales to push out into the second half of the investment bank’s 2024 financial year.

Narendra Modi at the G7 Summit in Japan. Both the leaders had discussed progress on a India-UK free trade deal, Sunak's office said.

Zambia has agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, mines minister Paul Kabuswe said on Tuesday, ending a row over the ownership of the assets that erupted in 2019 when authorities seized the mines. The government, which owns a 20% stake in KCM through ZCCM-IH, will allow Vedanta to resume control and operate KCM's mines and smelter after the company renewed a pledge to invest more than $1.2 billion to increase output and repay outstanding debts, Kabuswe said. A shareholders' agreement is being reworked to make the commitments from both shareholders legally binding, Kabuswe added. The legal details of the agreement and reinstatement of the KCM board, would be finalised within the next three months, the minister said. Ties between Zambia and Vedanta, owned by billionaire Anil Agarwal, soured after former President Edgar Lungu's government orchestrated the seizure of the KCM assets and forced liquidation in May 2019, accusing the Indian company of failing to meet plans to invest in increasing mining output. The forced takeover nearly paralysed operations at the KCM and triggered protracted battles, with Vedanta mounting legal battles including approaching an arbitration court in London to recover the copper assets. «It is not a secret that the asset has deteriorated a great deal and the production output has substantially reduced,» Kabuswe told journalists in Lusaka.

free trade agreement (FTA) talks with India are «progressing» and Britain will only agree to a pact that works for the whole of the United Kingdom, British Prime Minister Rishi Sunak told his ministers at a Cabinet meeting in London on Tuesday. Ahead of his first visit to India as UK Prime Minister to attend the G20 World Leaders' Summit in New Delhi later this week, Sunak updated his top team on the ongoing trade talks which have completed 12 rounds of negotiations. The British Indian leader described India as an «indispensable partner» of the UK across all spheres of bilateral cooperation, which he is keen to strengthen further. «He said negotiations around a free trade deal were progressing and that he would only agree an approach which worked for the whole of the UK,» notes a Downing Street readout of the Cabinet meeting. «The Prime Minister said India was an indispensable partner of the UK, both economically and in addressing the global challenges all democracies are facing.