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How a Dubai resident made a $65,000 profit in one week by trading in GameStop shares


The National.
I bought a few puts worth $16 last week on Interactive Brokers. That would protect me if the stock fell below $90. On Monday, the stock tumbled, so the protection made me money.”
GameStop, which has been the poster child for Redditors looking to squeeze short sellers, fell 60 per cent on Tuesday and eased another 5 per cent in after-hours trading, with shares closing below $100 for the first time in a week. Several other Reddit favourites, including movie theatre chain AMC Entertainment Holdings, also tumbled. GameStop shares erased more than $27 billion in market value after peaking at $483 a share last week. ....

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Take action on MPs supporting Covid conspiracy figures, PM told


Last modified on Thu 4 Feb 2021 17.10 EST
Boris Johnson has been urged to act after two more Conservative MPs were linked to figures spreading Covid conspiracy theories or making discredited claims.
Last week it emerged that Desmond Swayne, a former Tory minister, encouraged anti-lockdown street protesters to “persist” and suggested NHS capacity figures were being “manipulated” to exaggerate the impact of the virus.
Questions are now being asked about the judgment of a further two MPs: Andrew Bridgen – who defended Swayne in an interview on the YouTube channel of a controversial former BBC journalist whose posts have been taken down by YouTube for spreading false information about Covid – and Adam Afriyie, MP for Windsor. ....

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The Debt Panel: 'My bank ignored requests to cancel my credit card and charged me a renewal fee'


After arriving home in India, I was able to lodge this request over the phone. Despite multiple follow-up attempts with customer care, I never received a call back on my number in India to confirm the cancellation of the card. Now, the bank has charged me late fees and interest against the card’s annual renewal fee. This amounts to Dh1,663.40.
I am not in Dubai, do not use this card, cannot make this payment for card renewal and need the card cancelled immediately. I don t understand why it is so difficult to cancel a card even after numerous expensive overseas calls. During my last communication with the bank, they threatened to lodge a police case and travel ban against me, among other punitive actions. ....

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