Car bomb kills four in Iraq



BAGHDAD // Four people were killed and 25 were wounded when a car bomb exploded near a popular restaurant in northwestern Baghdad today, police said. The explosion in the Shiite district of Shula occurred while policemen and labourers were eating breakfast. The casualties included both policemen and civilians, police said. The Shiite-led Iraqi government had declared today a national holiday to show what it said was its solidarity with other religious groups in Iraq.

Violence has dropped sharply in Iraq, where the US-led invasion in 2003 unleashed years of sectarian and insurgent attacks. *Reuters

WHAT IS A BLACK HOLE?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

2. They can be created when massive stars collapse under their own weight

3. Large black holes can also be formed when smaller ones collide and merge

4. The biggest black holes lurk at the centre of many galaxies, including our own

5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

What is a robo-adviser?

Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

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Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.