There were suits in Paris too, albeit suits that are long and lean like those at Hermes, which were, typical of the house, all about luxury.

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"There were good announcements about smart TVs, 4k TVs and other connected devices, " said Ichiro Ishiguro, an analyst at Hermes who has been coming to CES for 10 years.

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But back at Hermes Fund Managers, Saker Nusseibeh has doubts about the wider usefulness to society of doing something as simple as investing in a stock market index in such an extremely complex way.

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They are further accused of selling their shares to strategic partners at EFG Hermes.

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"Any extra funds will help Egypt buy time, " said Mohamed Abu Basha, Egypt economist at EFG-Hermes, the regional investment bank.

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"That is an awful lot of money to find, " says Harry Philp, managing director at sports financers and advisors Hermes Sports Partners.

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Music critic Will Hermes takes a look at the trend.

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Joint owners Westfield and Hermes said they were disappointed at the decision.

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Joss Bland-Hawthorn, an astrophysicist at the University of Sydney, New South Wales, is counting on a new scanner, called HERMES to give his research a boost.

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