Administrators to the department store chain are set to shut 22 stores, the last of more than 150 branches nationwide. Some, including the flagship store in Oxford Street, have already shut.
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Experts believe that the retail tycoon has offered to pay off £300million during his discussions with regulators as they investigate his conduct while in charge of BHS.
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Nick Thomas set off from Dover, Kent, on Saturday morning and was attempting to cross the Channel for the second time. However, he got into difficulty 16 hours into the swim and later died.
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Partygoers have taken to the streets of Notting Hill to throw paint, mud, chocolate or powder at each other while dancing to live music in the carnival’s J’ouvert street parade
Summer went out with a scream this weekend as horror flick Don’t Breathe made a profitable debut in the number one spot.
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In 1999, Jaime Correal Martinz was captured and held for eight months. The ordeal cost him everything, but before he died in June he hoped for peace.
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Juan Gabriel, a superstar Mexican songwriter and singer who was an icon in the Latin music world, died Sunday at his home in California at age 66, his publicist said.
Janice Dean reports
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America has a new stock exchange.
This gradual process started on Friday, August 19 and involves slowly adding stocks until the market is fully up and running by September 2.
The exchange-application process was a drawn out and ugly affair, degenerating into a “he said, he said” war of words.
That debate centered on IEX’s famous “speed bump,” a 350-microsecond delay designed to level the playing field between hyperfast traders and slower-moving ordinary traders. The delay is created by having messages go through a coiled optical fiber equivalent to 38.07 miles in distance to slow them down.
There’s another interesting aspect to IEX, however, that is less well-known. It does everything twice.
IEX built its systems from the get-go to compete with one another in an approach borrowed from NASA. IEX calls this approach “Active-Active,” and the simple way to explain it is that there are two boxes full of tech, and each thinks it’s the only box. Whichever one gets there first gets the job, and the second result is ignored.
“They’re independently processing the data, and they both think they’re the boss,” Zoran Perkov, head of technology operations at IEX, told Business Insider. “There is a race to be the first responder.”
To get a little more technical, IEX customers connect to what’s called the IEX POP, where the famous “speed bump” resides. Once incoming messages have gotten through the coiled optical fiber, they pass through the client gateway and then a sequencer and head toward IEX’s matching engines. It looks a little like this:
Customer Order —> IEX Pop —> Client Gateway —> Sequencer <—> Matching Engines 1 and 1’
There are several factors that can contribute to one system winning out over another, ranging from vibrations to temperature to configuration.
Safety, not speed
This competition doesn’t necessarily lead to speed. The input into the IEX sequencer is higher than it otherwise would be because of the “Active-Active” approach, leading to a slower system. It also increases cost.
“We built our systems for resiliency and redundancy, not for speed, and we do not intend to be the fastest system if speed comes at the expense of what we believe are unacceptable risks,” IEX COO and cofounder John Schwall told Business Insider.
There is one primary benefit to this approach. If one application stops working, there’s another on the go already.
“How do we control the impact of something that explodes?” Perkov asked.
Perkov cited recent computer outages at Delta as an example of what can happen when one system goes down and the backup system fails to come online. There are also frequent exchange outages, impacting trading in stocks
“The funny thing is that it is eventually going to happen,” he said. “It’s about adapting to failure.”
The technology is also a part of a broader philosophy at IEX. The matching engines are turned off every night, and there are two employees tasked with coming in every morning at 7 a.m. to start them again. It’s the same idea: If one of those individuals is slowed down by delays on the subway, there’s someone else there to get it done.
“Eventually I would like an Active-Active workforce,” Perkov said.
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The continent has skilled players, but a lack of resources and opportunities, including access to top competition, keeps them from breaking through.
History repeats herself, but she mumbles. Most of the time we can only in retrospect discern what she was trying to say. Sometimes, though, history’s intent is clear. That’s where we stand with the state of connected cars: History is repeating itself. There is a correspondence in the patterns of disruption when you compare the future of connected cars to the past of the… Read More
The horror movie booted “Suicide Squad” out of the No. 1 spot.
Two White House correspondents discuss a new film about Barack and Michelle Obama’s first date: “It wasn’t that great of a date!” And, “It sure went on a long time.”
Mr. Trump’s running mate, Gov. Mike Pence, and his campaign manager on Sunday seemed to back away from hard-line statements that the candidate has made.
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New gameplay footage is being released already for 2K Games’ remastered re-release of the BioShock trilogy. There’s just over a minute of gameplay featuring the first look at the upgraded, new and improved Big Daddy. Check it out.
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The sheriff in Holmes County said that Rodney Earl Sanders, 46, confessed after an interrogation to the stabbing deaths of the women who were found dead on Thursday.
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Artificial intelligence pops up as a buzzword every few years, but it has never moved beyond novelty status. This time, though, it is here to stay, and startups are poised to drive the AI economy forward. Read More
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New International Development Secretary Priti Patel is to cut spending on traditional aid projects and use the money to help promote ‘national security and the national interest’.