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Showing posts from November, 2019

Facebook issues corrective label on user's post under new Singapore fake news law

"Facebook is legally required to tell you that the Singapore government says this post has false information," said the notice, which is visible only to Singapore users.The correction label was embedded at the bottom of the original post without any alterations to the text.Facebook said on Saturday it had issued a correction notice on a user's post at the request of the Singapore government, but called for a measured approach to the implementation of a new "fake news" law in the city-state."Facebook is legally required to tell you that the Singapore government says this post has false information," said the notice, which is visible only to Singapore users.The correction label was embedded at the bottom of the original post without any alterations to the text.The Singapore government said on Friday it had instructedFacebook "to publish a correction notice" on a Nov. 23 post which contained accusations about the arrest of a supposed whistleblo…

Another big merger of Reits on the cards, sources say

Frasers Logistics & Industrial Trust and Frasers Commercial Trust are planning to merge, according to people familiar with the matter, as consolidation among real estate investment trusts (Reits) gathers pace here.A combined entity would manage almost 100 properties worth US$4 billion (S$5.5 billion) across Singapore, Australia and Europe, including warehouses, offices and business parks, according to their websites.An announcement on the deal could come within days, one of the people said. Shares of both companies were halted from trading on Singapore’s stock exchange yesterday, pending an announcement.A deal would be, at the least, the fourth among Singapore-listed Reits this year.CapitaLand kicked things off in January, striking a $6 billion deal with Temasek for Ascendas and Singbridge.In April, OUE Commercial Reit agreed to buy OUE Hospitality Trust to create one of Singapore’s 10 biggest Reits.Then in July, Ascott Residence Trust and Ascendas Hospitality Trust agreed to crea…

U.S. stock funds see fourth straight week of outflows: Lipper

NEW YORK (Reuters) – U.S. equity stock funds saw $390 million in outflows in the week ended on Wednesday, the fourth straight week of outflows for such funds, according to data released by Lipper on Friday.U.S. taxable bond funds attracted $5.9 billion, the 16th straight week of inflows, while U.S.-based money market funds drew $28.9 billion in the latest week, Lipper data showed.Source: Read Full Article

Boris Johnson’s dad turns up at Channel 4 as ice sculpture replaces PM

Boris Johnson’s dad Stanley showed up at Channel 4 after his son was replaced by an ice sculpture after refusing to take part in a debate on the climate.I’m A Celeb star Stanley, 79, turned up alongside the PM’s pal Michael Gove in an attempt to “argue their way” onto the programme.Johnson had refused to take part, as had Brexit Party boss Nigel Farage – with both being replaced by melting ice sculptures.Gove and Stanley are said to have turned up at the event – but the rest of the party leaders, including Jeremy Corbyn and Jo Swinson declined to let them take part in the debate.Despite the PM refusing to take part, former environment secretary Gove attempted to claim the party leaders were “too scared” to debate the Tories.The fuming Conservative Party has now lodged and Ofcom complaint against Channel 4 – arguing the ice sculpture stunt is part of “bias”.Boris Johnson predicted to win majority of 68 in crucial YouGov election pollBrickie student hailed by Jeremy Corbyn admits he …

Caltex announces IPO for 250 of its petrol stations

Petrol giant Caltex will offload a half stake in 250 service stations around Australia into a listed property trust as the company grapples with a significant downturn in retail profit margins.Caltex told the stock market on Monday it was planning an initial public offering (IPO) in the first half of 2020 for the 49 per cent stake in the fuel and convenience stations after a wide-ranging review of its retail network.Caltex has been battling sluggish consumer spending and falling refinery margins.Credit:Sasha WoolleyThe company said it would retain a majority 51 per cent interest in the 250 sites – half of its current network of 500 petrol stations nationally – and enter into long-term lease agreements for each service station.The structure will allow Caltex to keep operational control of its core convenience retail network.The new property trust will receive rental payments from Caltex of up to $100 million in the first year.Spinning off freehold property holdings has become a favoure…

Exclusive: Blacklisted Megvii's $500 million HK IPO hit by regulatory setback - sources

HONG KONG (Reuters) – Chinese AI firm Megvii Technology’s plans for a $500 million listing in Hong Kong have been dealt a setback, with regulators in the city asking the company – which has been blacklisted by the U.S. government – for more information, three sources said.Beijing-based Megvii did not win approval for its initial public offering (IPO) at a hearing with the Hong Kong Stock Exchange’s Listing Committee on Thursday, the people with knowledge of the matter told Reuters.Megvii was given additional questions it must respond to by the committee, according to the sources, with one adding the decision followed a lengthy discussion of the application.The meeting was a regularly scheduled committee hearing, during which the IPOs of several other companies were discussed and approved.The 27-strong committee contains a mix of bankers, lawyers, accountants and investors, and its approval is essential for any IPO candidate.Megvii and the three main banks working with it on the IPO –…

A&E waiting times hit 15 year high as Tories 'push NHS into crisis'

A&E waiting times have hit their worst levels on record, new figures reveal just weeks before voters go to the polls.NHS England data shows just 83.6% of patients were admitted or treated within four hours – well below the government's target of 95%.This target was introduced under Labour in 2004, but has not been met since July 2015.Nearly one in four cancer patients are waiting more than 62 days for their treatment to begin, figures show.Jeremy Corbyn has branded the figures "disgraceful".Labour's shadow health secretary Jon Ashworth posted on Twitter: "It’s official – the Tories have pushed our NHS into crisis."He said the Conservatives should apologise to patients "languishing" on trollies and waiting for treatment after a decade of cuts.Have you been affected by the NHS crisis? Email webnews@mirror.co.ukOf the 118 trusts with Type 1 A&E departments – the highest level, with 24 hour cover and full resuscitation facilities  – just three…

A new $400 million tech fund wants to help European tech compete with Silicon Valley and China

Balderton Capital had raised a new investment fund that focuses on start-ups seeking Series A financing.The London-based venture capital firm says its new fund will make roughly 12 investments per year.Balderton has now raised a total of $3 billionacross eight separate funds to back European tech firms.Venture capital firm Balderton Capital is launching a new $400 million fund, which it says will be used to invest in early-stage European tech start-ups.Balderton said Tuesday that the fund is targeted at start-ups raising funds at the Series A stage — in other words, businesses that are looking to raise their first significant round of funding. The company, which is based in London, added that the new fund would make roughly 12 investments per year.Europe's tech sector is seen as lagging behind its U.S. and Chinese counterparts, especially when it comes to venture capital, or VC, inflows and valuations. There have been some signs that the industry on the continent may be gathering …

Inside the homes of the second richest town in America

Real estate is a good bet to improve your portfolio: EconomistGriffin Capital president Randy Anderson discusses why he thinks real estate is a good investment right now.Located just 30 miles outside of New York City, the tony enclave of Scarsdale is the richest town on the East Coast and the second richest town in America, according to Bloomberg 2019 Richest Places report.Continue Reading BelowScarsdale's average household income is an astonishing $417,335, according to Bloomberg. Famous neighbors include American billionaire investor Daniel Och and hedge fund honcho David Siegel, according to Westchester Magazine. While many homeowners cite the award-winning schools as the main draw to the leafy suburb, the homes themselves are fit for a king.Here’s a look behind the hedges of Scarsdale.Shaw Road This palatial estate was recently at the center of a bidding war between two Major League Baseball players. The close proximity to all major sporting arenas in the New York area and sup…