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“Free Tommy Robinson!” the billionaire entrepreneur and adviser to President-elect Donald Trump posted to his X social media network Thursday. Musk first started replying to Robinson on X in August, but that ramped up significantly this week when he began posting about Britain’s “grooming gangs” scandal. In addition to his support for Robinson, Musk has also professed support for Nigel Farage, the British Trump ally who leads the anti-immigration Reform UK party. While certainly hard right, Reform, which has five parliamentary lawmakers, is considered a far more mainstream force than Robinson. “What we know is that British politics has already been damaged,” he said.

Persons: Tommy Robinson, Robinson, Stephen Yaxley, Lennon —, Elon Musk, Donald Trump, YouGov, Scott Lucas, “, Musk, Keir Starmer, Stalin, ”, King Charles III, Sunder Katwala, X, ” Musk, jailing, Anders Behring Breivik, “ I’d, ” Robinson, Nigel Farage, British Trump, Farage, Lucas Organizations: University College Dublin, SpaceX, Conservative, English Defence League, UK, EDL Locations: Syrian, Britain, British, Germany, Southport, United Kingdom, United States

☆ UK far-right activist Tommy Robinson jailed for 18 months
▼ + stars: | 2024-10-28 | by ( Lauren Kent | ) edition.cnn.com time to read: +2 min

London CNN —British far-right political activist Tommy Robinson has been jailed for 18 months after he admitted to being in contempt of court by repeating false accusations about a Syrian refugee, according to court documents. Robinson, whose real name is Stephen Yaxley-Lennon, admitted on Monday to breaching UK court rules 10 times. Robinson, the founder of the now-defunct anti-immigration English Defence League (EDL), was accused of repeating false allegations that caused him to lose a libel suit in 2021. The initial libel case related to Robinson making false accusations against a Syrian schoolboy who was attacked in an incident shared widely on social media. Court artist drawing of political activist Tommy Robinson (right), whose real name is Stephen Yaxley-Lennon, appearing at London's Woolwich Crown Court on Monday.

Persons: Tommy Robinson, Robinson, Stephen Yaxley, Lennon, Syria –, Elizabeth Cook, Justice Johnson, ” Organizations: London CNN, English Defence League, Crown Locations: British, Syria, Huddersfield, England, London’s

☆ China's sliding yuan could be next 'black swan event' for markets, hedge fund EDL says
▼ + stars: | 2023-08-17 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsLONDON, Aug 17 (Reuters - Hedge fund EDL Capital is betting on further falls for China's offshore currency and says the yuan's slide could be the next "black swan event" to rattle world markets, according to an investor presentation this month seen by Reuters. The U.S. dollar has strengthened roughly 6% against the offshore yuan so far this year and Chinese state banks have been seen selling dollars this week to stem the yuan fall. The hedge fund held a short position in the offshore yuan , the Aug. 2 presentation shows. The hedge fund, run by star manager Edouard de Langlade, was up about 8% this year, said the presentation.

Persons: Florence Lo, Edouard de Langlade, Nell Mackenzie, Dhara Ranasinghe, Mark Potter Organizations: REUTERS, Capital, Reuters, The U.S, Thomson Locations: China, Vietnam, India, United States, Switzerland

Macro and trend-following hedge funds dropped 3.2% this month through March 29, while algorithmic commodity trading advisor funds (CTAs) dove 6.8%. Hedge fund strategies based around macroeconomic ideas like those run by Rokos, DG Parters and EDL Capital fund posted negative performances in March, sources and bank data said. Trend-following hedge funds, which trade on systematically programmed ideas, also posted big losses. The bank decided not to change clients' borrowing limits, but it has increased diligence oversight on the hedge fund exposure, including new clients, the broker said. Trend-following funds tend to bail quickly on trades that stop working, said a pension fund director who invests in hedge funds.

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