FT News Briefing Iran’s looming water crisis
Dec 2, 2021
Tennis tournaments in China face suspension as the WTA reacts to player safety concerns. Meanwhile, hedge funds are in a talent war, offering inflated salaries to attract top traders after the pandemic. In France, local protests over an offshore wind farm have escalated into a national debate. Amidst this, Isfahan is witnessing significant protests triggered by a severe water crisis, exposing governmental mismanagement and raising urgent questions about water scarcity in Iran.
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Hedge Fund Hiring
- A hedge fund offered a trader $10 million to join their firm.
- The trader refused to negotiate the offer.
Hedge Fund Success
- Hedge funds have thrived during the pandemic due to diversified strategies and risk management.
- Increased assets necessitate hiring more traders, leading to intense competition.
French Wind Farm Protests
- French fishermen protested offshore wind farms with a flotilla.
- Politicians, especially on the right, seized on the protests.