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Alibaba founder Jack Ma ‘missing’ after criticism of Chinese government
Chinese business magnate Jack Ma has reportedly gone missing for two months, Yahoo Finance reported early Monday. The seemingly awkward disappearance of the 56-year-old billionaire businessman from the public eye comes nearly three months after he made critical remarks about the ‘stifling of innovation’ by Chinese authorities through stringent regulations, which he said had outlived their relevance. “Today’s financial system is the legacy of the Industrial Age,” Yahoo Finance reported Mr. Ma to have said on October 24. “We must set up a new one for the next generation and young people. We must reform the current system.” The Alibaba and Ant Group founder, who has spent years advancing the course of an open and market-driven economy in the communist East Asian country, has not been seen in ...
Report: Jack Ma’s Ant Group considers overhaul due to regulatory pressure
Chinese financial technology giant Ant Group plans reorganisation that would allow it to be regulated more like a bank, Bloomberg reports. Jack Ma’s besieged Ant Group Co. is planning to fold its financial operations into a holding company that could be regulated more like a bank, according to people familiar with the situation, potentially crippling the growth of its most-profitable units. The fintech giant is planning to move any unit that would require a financial license into the holding company, pending regulatory approval, said the people, who asked not be named because the matter is private. The plans are still under discussion and subject to change, the people said. Ant declined to comment. The operations that Ant is looking to fold into the holding company include wealth managemen...
US election: Republicans hold back Democrats, narrowing path to Senate control
The battle for power in the Senate tightened into Wednesday as Democrats picked up a seat in Colorado, but suffered a setback in Alabama, and Republicans held their own in high-profile races in South Carolina, Iowa, Texas and Kansas, dramatically narrowing the political map. Republicans fought to retain their Senate majority by turning back a surge of Democrats challenging allies of President Donald Trump, and the Democrats’ various paths to seizing control were growing more limited. With several contests still too early to call, and one Georgia race heading to a January runoff, the final verdict is expected to drag on. Democrats gained a seat when ex-Gov. John Hickenlooper ousted GOP Sen. Cory Gardner in Colorado, a must-win to flip the Senate, but couldn’t hold on in Alabama, where forme...
Gold rises on renewed US stimulus hope, dollar falls
Spot gold rose 0.3 percent to $1,910.56 an ounce at 3:37pm, New York time, after falling as much as 0.5 percent. Gold rose on renewed optimism for a preelection aid package in the U.S., while the dollar fell to a one-week low. House Speaker Nancy Pelosi said a bill for a compromise stimulus package is being written as she awaits a key phone call with Treasury Secretary Steven Mnuchin. Senate Majority Leader Mitch McConnell said his chamber would take up a comprehensive coronavirus package if an accord is struck. The Bloomberg Dollar Spot Index headed for the third straight decline. Pelosi said in a Bloomberg Television interview that while there are areas where more work is required to get a compromise, she was pleased with the Trump administration’s latest position on coronavirus testing ...
2023: Arewa youths reject Mamman Daura’s call to jettison zoning
Northern youths under the aegis of Arewa Youths for Peace and Security (AYPS) have rejected a call for political parties to jettison zoning in the choice of presidential candidates for the 2023 general election. The post 2023: Arewa youths reject Mamman Daura’s call to jettison zoning appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Kano evacuates 1, 213 almajiris to their home state
Kano State Government on Sunday said no fewer than 1, 213 Almajiris have been evacuated to their state of origin. Alhaji Murtala Sule Garo, Chairman, Kano State Almajiri Evacuation Committee told newsmen in Kano that “due process and proper screening are the hallmark of the ongoing evacuation exercise.” Garo who is also the Commissioner for Local government revealed that the Committee worked with the state Ministry of Health to ensure that Almajiris taken out of Kano to their respective states of origin are in good health. He said Kano has so far, received over 200 Almajiris returnees from Kaduna, Plateau and Niger states respectively. Garo stressed ‘as I speak to you, they are being quarantined in Kiru Reformatory Institute, where they are being provided with free feeding and medication b...
Pfizer, BioNTech dose U.S first participants of trial coronavirus vaccine
Pfizer Inc. and BioNTech SE announced on Wednesday, May 6, 2020, that the first participants have been dosed in the U.S in the Phase 1/2 clinical trial for the BNT162 vaccine program to prevent COVID-19. The trial is part of a global development program, and the dosing of the first cohort in Germany was completed last week. The Phase 1/2 study is designed to determine the safety, immunogenicity and optimal dose level of four mRNA vaccine candidates evaluated in a single, continuous study. The dose level escalation portion (Stage 1) of the Phase 1/2 trial in the U.S will enrol up to 360 healthy subjects into two age cohorts (18-55 and 65-85 years of age). The first subjects immunized in Stage 1 of the study will be healthy adults 18-55 years of age. Older adults will only be immunized with ...
