Tennessee Sen. Marsha Blackburn discusses Democrats' attempt to politicize the Supreme Court and other progressive policies
Tennessee Sen. Marsha Blackburn discusses Democrats' attempt to politicize the Supreme Court and other progressive policies
Benjamin Lee. co-founder and CEO Sealed Network Pte. Ltd., an expert network company, shares why he started the business.
FTAHK's implementation of Praxonomy's board portal solution, Boardfolio, will streamline its board meeting processes and communications.
A pro-Israel crowd surrounded a reporter filming outside a looted restaurant in Bat Yam, Israel, on May 12.This footage, filmed by Tomer Appelbaum, shows journalist Adva Dadon attempting to report to a camera while members of the crowd try to grab her microphone and shout over her. Earlier in the video, two crowd members can be seen exiting the damaged restaurant while carrying items.The incident occurred amid reports of inter-ethnic clashes in Israel, sparked by ongoing violence in Gaza. Credit: Tomer Appelbaum via Storyful
Matthew McConaughey has quietly been ‘making calls’ to political experts, before deciding whether to run for Governor of Texas, Alice Hutton writes
Compass Offices, a leading flexible office provider in APAC, opens its new centre to provide over 13,700 sq ft of flexible office space in Sheung Wan.
(Bloomberg) -- Microsoft Corp. conducted an investigation into co-founder Bill Gates’s involvement with an employee almost two decades ago after it was informed in 2019 of his attempt to start a romantic relationship with that person.The board reviewed the matter and held a “thorough investigation” with the help of an external law firm, the software giant said. It didn’t reach a conclusion to the probe because Gates had stepped down before it was completed, Microsoft said.“Microsoft received a concern in the latter half of 2019 that Bill Gates sought to initiate an intimate relationship with a company employee in the year 2000,” Microsoft said in a statement. “A committee of the Board reviewed the concern, aided by an outside law firm, to conduct a thorough investigation. Throughout the investigation, Microsoft provided extensive support to the employee who raised the concern.”Dow Jones earlier reported that Microsoft’s directors found Gates’ involvement with the female employee to be inappropriate and decided last year that he had to step down from the board, citing people familiar with the matter who weren’t identified.Microsoft didn’t provide further details on the investigation.The billionaire said in March last year that he was stepping down from the board to devote more time to philanthropy. Gates hasn’t been active in a day-to-day role since 2008, Microsoft said at that time. Gates co-founded the software company in 1975 and served as its CEO until 2000, the same year his foundation was started, and was chairman until February 2014.‘An Affair’A spokeswoman for Gates said his decision to leave the board has nothing to do with the romantic involvement with an employee.“There was an affair almost 20 years ago which ended amicably,” she said, adding that his “decision to transition off the board was in no way related to this matter.”The belated investigation into the affair came at a time that was marked by a groundswell of discussion at Microsoft about the treatment of women and Me-Too conversations in the broader industry. Since 2000, Microsoft had also put in place processes for investigating allegations and overhauled them with the goal of making them stronger, the company said.Intel Corp. Chief Executive Officer Brian Krzanich resigned after the board was informed that he had had a consensual relationship with a subordinate, even though that relationship had ended years before and predated his appointment to the top job at the company. The board conducted investigations internally and via external counsel to confirm the violation of the company’s policies and made the announcement June 2018.Gates and Melinda French Gates announced their divorce earlier this month after 27 years of marriage. Several reports, including those that emerged over the weekend, said she had raised concerns over his dealings with convicted sex offender Jeffrey Epstein.The New York Times had reported in 2019 that Gates had met with Epstein several times, and once stayed late at his New York townhouse. Epstein had died in jail two months prior while awaiting trial on federal charges related to sex trafficking.Gates’s spokeswoman denied the reports. The “characterization of his meetings with Epstein and others about philanthropy is inaccurate,” she said. “The rumors and speculation surrounding Gates’ divorce are becoming increasingly absurd.”While Gates’ dealings with Epstein weren’t a part of the scope of the Microsoft investigation, it was discussed by some board members, according to a person familiar with the matter, who asked not to be identified because the information isn’t public.Stock TransfersThe split also put a spotlight on the Gates fortune, valued at about $144 billion by the Bloomberg Billionaires Index, as well as their foundation.The Bill and Melinda Gates Foundation is the largest of its kind on the planet. With more than 1,600 employees and offices around the world, it has already distributed more than $50 billion since its inception to causes like vaccine development and women’s empowerment.Last week, Cascade Investment, the investment company created by Gates, transferred stock in Deere & Co. to his wife, bringing the total amount she’s received since they announced their divorce to more than $3 billion.The investment vehicle transferred about 2.25 million shares worth about $851 million, according to a regulatory filing. That followed similar disclosures tied to Mexican companies Coca-Cola Femsa and Grupo Televisa and about $1.8 billion of stock in Canadian National Railway Co. and AutoNation Inc.Read More: Gates Divorce Roils World’s Biggest Family Philanthropy EngineFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The 2020-21 college football season officially came to an end on Sunday.
Hugging loved ones and household socialising will return as rules are relaxed in most of Scotland.
Returning students will be expected to get tested for Covid-19 twice a week throughout the summer term.
Residents can have up to five named visitors and leave the home for more activities without needing to self-isolate on their return.
Pat Cummins and Steve Smith were among the stars of Australia's Indian Premier League contingent who arrived back in Sydney on Monday, almost two weeks after the lucrative cricket tournament was suspended amid surging COVID-19 infections in the host country. The IPL was postponed indefinitely on May 4 after players or staff from at least three of the eight franchises returned positive tests for the coronavirus. Former test batsman Mike Hussey, who remained in India to isolate after testing positive for COVID-19, was expected to return home later Monday via Qatar.
Tyrese Maxey had 30 points, seven rebounds and six assists, and the Eastern Conference champion Philadelphia 76ers beat the Orlando Magic 128-117 on Sunday night in a meaningless regular-season finale. Joel Embiid (illness), Ben Simmons (back), Tobias Harris (right knee), Seth Curry (right hip) and Danny Green (left hip) were all sidelined.
BEIJING (Reuters) -New home prices in China grew at the fastest pace in eight months in April, data showed on Monday, despite the government's ramped-up efforts to tame the red-hot market and tackle an alarming build-up in debt. Average new home prices in 70 major cities grew 0.6% in April from a month earlier, the quickest pace since August 2020 and a notch up from a 0.5% gain in March, according to Reuters calculations based on data released by the National Bureau of Statistics. On a year-on-year basis, new home prices rose to an eight-month high of 4.8%, compared with 4.6% growth in March.
The New Orleans Saints have agreed to contract terms with offensive lineman Kyle Murphy, rookie defensive lineman Lorenzo Neal and linebacker Quentin Poling, general manager Mickey Loomis announced Sunday. The 6-foot-6, 305-pound Murphy is a three-year NFL veteran out of Stanford who was a 2016 sixth-round draft choice of the Green Bay Packers.
The U.S. dollar found pockets of support in Asia on Monday, but struggled to post gains, as investors are heavily positioned for it to fall further while the U.S. Federal Reserve holds interest rates low and U.S. trade and current account deficits grow. Easing commodity prices and virus outbreaks in Singapore and Taiwan - where COVID-19 had been contained - helped modest dollar gains of 0.2% against the Australian and New Zealand dollars in the early part of the Asia session. A dollar bounce that followed higher-than-expected inflation data last week has also faded as traders figure the Fed will keep rates low.
China's central bank rolled over maturing medium-term loans on Monday, while keeping the interest rate unchanged for the 13th month in a row. The People's Bank of China (PBOC) said in an online statement it was keeping the rate on 100 billion yuan ($15.54 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions steady at 2.95% from previous operations. The fresh fund injection via the liquidity tool effectively offset the same amount of such MLF loans due on the same day.
An acrobatic and hungry black bear balanced on a porch railing to steal some bird seeds from a Maine family home on May 12.Vicki Babb filmed this video that shows the bear walking on the fence before reaching the bird feeder while standing upright.“Aye, get out of there, you little s***,” Babb yells and knocks on her door, the video shows.Babb told Storyful that the mammal finally broke the bird feeder and laid on the ground eating his food.“This little guy was very brave!” Babb said, “He didn’t seem to mind me at all.” Credit: Vicki Babb via Storyful
(Bloomberg) -- China’s central bank injected medium-term cash into the financial system, in a push to keep borrowing costs low as the economy recovers from the virus pandemic.The People’s Bank of China added 100 billion yuan ($15.5 billion) of one-year funds with its medium-term lending facility on Monday, matching the amount coming due in a move that was expected by analysts. The authorities kept the interest rate unchanged at 2.95%.The operation, which is usually conducted once around the middle of every month, could further support Chinese sovereign bonds, coming soon after the country’s 10-year government yield and benchmark money-market rate both recently touched a four-month low.The notes have gained for three weeks in a row, the longest run since January. That’s even as Treasury yields have climbed and a surprisingly quick jump in the nation’s factory-gate prices were seen to pose a challenge to current monetary policy.Factors behind the resilience in China’s debt include ample liquidity and foreign capital inflows, which accelerated in April. While the loose conditions could be tested by a rise in debt sales in May, the PBOC’s vow to keep cash supply ample has boosted confidence.The PBOC has done the minimum in its daily operations to manage short-term liquidity over the past two months. It has been injecting 10 billion yuan of cash daily-- no matter the size of funds coming due -- since the start of March. That’s a sign the central bank is so far pleased with the subdued volatility in the money market.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The actors went public with their romance on New Year's Eve
(Bloomberg) -- Taiwan stocks slumped, extending their biggest rout in more than a year, as the government tightened restrictions on people and businesses to control its worst outbreak of the coronavirus.The Taiwan Stock Exchange Weighted Index slid as much as 3.6% in Taipei as authorities urged companies to allow staff to work from home or split locations after reporting a record 206 new local cases Sunday. It pared losses to 1.5% as of 9:25 a.m. local time. The benchmark gauge sank 8.4% last week on concern about the impact on growth, the most since March 2020, turning Taiwan stocks into the world’s worst performers so far this month.Forced selling may add volatility to Monday’s trading, with the level of margin debt falling by a net NT$5.8 billion ($207 million) on Friday, according to exchange data compiled by Bloomberg. That took the four-day drop in leverage to NT$39.4 billion, showing traders faced margin calls by brokers to cover losses in their stock accounts.The sharp reversal in Taiwan stocks is a warning to highly leveraged investors around the world. The Taiex was the world’s best performing equity gauge in the three years through April, surging almost 80% in U.S. dollar terms, as a seemingly never-ending rally in tech shares pulled in retail investors.Travel and consumption-linked names were among the big losers on Monday. Restaurant operators Gourmet Master Co. and Wowprime Corp. plunged almost 10% each, while shares of Formosa International Hotels Corp. and The Ambassador Hotel slumped at least 5% each.Taiwan’s stock exchange urged investors not to overreact. The latest development in Covid fighting is relatively controllable, and the fall in stock market last week should be already priced in the situation, the bourse said in a statement issued late Sunday night, adding that stabilizing measures will be adopted if the market becomes irrational.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.