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WSJ: China’s Ant Group plans revamp amid regulator pressure

China’s Ant Group Co Ltd is planning to refashion itself as a financial holding company under the supervision of China’s central bank in the face of regulatory pressure, the Wall Street Journal reported on Wednesday. The fintech affiliate of Alibaba Group Holding Ltd has submitted an outline of a restructuring plan, which could be finalised before China goes into the week-long lunar new year holiday in mid-February, the Wall Street Journal said, citing sources. Chinese regulators had asked Ant to consider folding up most of its financial businesses into a holding company that would be subject to more stringent capital requirements, two sources told Reuters in December. The country’s central bank, People’s Bank of China, has said Ant controls a range of financial institutions, including sec...

UNICEF concerned for children’s safety as coronavirus pandemic lingers

United Nations Children’s Fund (UNICEF) has warned in a new report of significant and growing consequences for children as the COVID-19 pandemic lurches toward a second year, ahead of World Children’s Day on 20 November, Averting a Lost COVID Generation is the first UNICEF report to comprehensively outline the dire and growing consequences for children as the pandemic drags on. The post UNICEF concerned for children’s safety as coronavirus pandemic lingers 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 In...