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Hedge Fund Paulson Amp Co Takes Stake In Viacom

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– Paulson & Co, the hedge fund firm led by billionaire investor John Paulson, has taken a stake in Viacom Inc as the U.S. media company has started to turn around its business, Paulson told Reuters in an interview.

Over the past few months, Paulson has bought 3.7 million nonvoting shares of Viacom, which he said on Tuesday has begun to show positive results under a plan overseen by Chief Executive Bob Bakish after years of declining advertising and viewership.

“We are very impressed with the turnaround,” Paulson said. “It is starting to look attractive.”

Paulson & Co surged to fame a decade ago when a winning bet against the overheated housing market helped the New York-based firm pull in billions in new money to manage roughly $38 billion at its peak. The firm’s assets have since shrunk to around $9 billion.

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Chinas Lisu Aim To Save Crossbow Culture

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LUSHUI, China – Deep inside mountains along the China-Myanmar border, a 26-year-old ethnic Lisu villager, surnamed Zhang, sharpens his crossbow arrows to prepare for a hunt.

For Zhang and many other Lisu, a mostly Christian minority who inhabit the border region, the crossbow is an indispensable part of their culture dating back to 200 BC.

In a country that often bans the sale of kitchen knives during political summits, it’s still normal to see ethnic Lisu openly carrying the weapon in public.

Despite a decades-old hunting ban, law enforcement remains lax and Zhang and his friends still hunt birds and rodents for sport. Before the ban, Lisu hunters traditionally went for larger game such as bears and wild boar.

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Modiglianis Largest Nude To Go Under Hammer Seen At 150 Million

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HONG KONG – A painting of a reclining nude by Italian artist Amedeo Modigliani is set to go under the hammer in New York on May 14 with a record sale estimate of $150 million, auction house Sotheby’s announced on Tuesday.

“Nu couché (sur le côté gauche)”, or Reclining Nude (on the left side) shows the entire figure of a woman lying on white sheets, looking casually behind her back and fixing her gaze directly at the viewer.

Painted in 1917, shortly before the artist’s death at the age of 35, the painting of the woman, believed to be a professional model, is the largest in his body of work and described as his “most ambitious.”

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Gospel Choir To Sing At Wedding Of Uk Prince Harry And Meghan Markle

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LONDON – A Christian gospel choir and a teenage cellist will provide some of the music at the wedding of Britain’s Prince Harry and his American fiancee Meghan Markle next month, Kensington Palace said on Tuesday.

Harry, 33, and Markle, 36, will tie the knot at St George’s Chapel at Windsor Castle on May 19, with a reception at Queen Elizabeth’s home west of London afterwards.

“Both Prince Harry and Ms Markle have taken a great deal of interest and care in choosing the music for their service, which will include a number of well-known hymns and choral works,” Kensington Palace said in a statement.

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