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Showing posts from March, 2022

Sri Lanka: Protest at president Rajapaksa's home turns violent

By Ayeshea PereraBBC News Image source, EPAImage caption, Protesters chanted slogans and set fires on the roads at Thursday’s demonstration Sri Lankan police imposed curfew and fired tear gas after a demonstration outside the president’s house to protest dire food, fuel and power shortages turned violent. Agitated protesters stormed through barricades, and were accused of setting fire to a bus on Thursday night. President Gotabhaya Rajapaksa blamed the events on “extremist elements”. Sri Lanka is in the midst of a foreign exchange crisis that has crippled its economy. Faced with 13-hour power cuts, a lack of fuel, essential food items and medicines, public anger has reached a new high. The protest outside the President’s house began peacefully, but participants say police fired tear gas, water cannons and also beat people present. A number have also been detained. The demonstrations mark a massive turnaround in popularity for Mr Rajapaksa who swept into pow...

High-Rolling ‘Fujian Gang’ Caught in China Property Crisis

(Bloomberg) — “Work hard when young or enjoy no reputation later in life.” So goes a famous saying from China’s Fujian province. Most Read from Bloomberg Never Had Covid? You May Hold Key To Beating the Virus Putin Says Gas Exports to Be Halted If Ruble Payments Not Made Ukraine Update: Aid Convoys Have Been Unable to Reach Mariupol U.S. Criticizes India on Russia Talks as Lavrov Visits Delhi Biden Team Weighs a Massive Release of Oil to Combat Inflation Ou Zongrong stood by it, building a property empire with its roots in the province. At first, things worked out well. Now the tide has turned. In February, Ou’s Zhenro Properties Group Ltd. spooked investors by saying it may not have cash to redeem a perpetual note, just weeks after promising it would. In fact, it said it may not have enough liquidity to repay other near-term maturities. That was a shock for investors in a developer that had been weathering China’s massive real estate crisis relatively well, neve...

J.Lo Rocks Jeans As She Holds Hands With Ben Affleck Picking Up Samuel, 10, From School: Photos

March 31, 2022 9:58PM EDT School duty! J.Lo was chic in casual jeans and sandals as she accompanied beau Ben Affleck to his son’s school. Ben Affleck, 49, and Jennifer Lopez, 52, are making school pick-ups a regular activity. The “Marry Me” singer rocked casual jeans as she accompanied The Town actor to collect his son Samuel, 10, after class on Thursday, March 31. The couple, affectionately known as Bennifer, sweetly held hands as they walked alongside his youngest child, who sported a school uniform consisting of a green golf shirt and beige khaki pants. Ben Affleck and J.Lo held hands as they picked up his son Samuel from school. (BENS / BACKGRID) Jennifer elevated her skinny denim look with a dressier cream and pink floral silk blouse, perfect for a Spring day! She added a weather-appropriate pair of high heeled sandals, accessorizing with an all-black Gucci leather belt and vanity case handbag. The star rocked her highlighted hair back into a slick ponytail,...

China: Peeking into the private lives of livestreamers

From a pigeon expert to a professor, a new photo series seeks to shed light on one of China’s fastest growing communities – livestreamers. Chinese photographer Huang Qingjun is no stranger to capturing the intimate personal lives of ordinary Chinese. In 2003, he embarked on a unique project – documenting the possessions that people across China own. The project series – called Jia Dang, or Family Stuff – has taken him across a multitude of provinces for nearly two decades, snapping families as they lay out all their worldly possessions. In the latest instalment of his project, Mr Huang has turned his lens on people who make their living from livestreaming. Tian Rongguo, 25, shot to fame on livestreaming playing a comedic character called Tian Bin the Mentor Livestreaming exploded in popularity during the pandemic, providing hours of entertainment as millions were confined to their homes for weeks on end. It was not just viewers who were hooked. More digitally-savvy entrep...

What You Need To Know About XP Inc.'s (NASDAQ:XP) Investor Composition

Every investor in XP Inc. (NASDAQ:XP) should be aware of the most powerful shareholder groups. Institutions often own shares in more established companies, while it’s not unusual to see insiders own a fair bit of smaller companies. We also tend to see lower insider ownership in companies that were previously publicly owned. XP has a market capitalization of US$17b, so it’s too big to fly under the radar. We’d expect to see both institutions and retail investors owning a portion of the company. In the chart below, we can see that institutions own shares in the company. Let’s take a closer look to see what the different types of shareholders can tell us about XP. View our latest analysis for XP ownership-breakdown What Does The Institutional Ownership Tell Us About XP? Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index....

Africa's week in pictures: 25-31 March 2022

A selection of the week’s best photos from across the continent and beyond: Short presentational grey line On Friday in Magadi, Kajiado, Kenya, these Maasai women take to the shade during the 10th global Fridays for Future climate strike, which was sparked by teenage Swedish activist Greta Thunberg in 2018. On the same day in Cape Town, South Africa, a dancer poses for a picture at a circus in Muizenberg. Meanwhile these two women warmly embrace at the same event. On Sunday in Cairo, this Egyptian market stall is lit up with lanterns for people to buy to decorate their homes with during the forthcoming month of Ramadan… There are more pre-Ramadan scenes in Khartoum, Sudan, on Thursday as this man sells his vegetables to people buying food supplies ahead of the Islamic fasting month. Back in Cairo, there are tears on Tuesday as an Egyptian boy watches the World Cup qualifying match between Egypt and Senegal, which saw Senegal go th...

As Jan. 6 committee races against the clock, lawmakers caution against raised expectations

WASHINGTON — Despite near daily bombshells relating to the investigation of the Jan. 6, 2021, attack on the U.S. Capitol by supporters of then-President Donald Trump, pressure is mounting on lawmakers to finish their probe before the 2022 midterm elections, when Republicans are expected to retake control of the House of Representatives and quash the inquiry. “Attorney General [Merrick] Garland, do your job so that we can do ours,” Rep. Elaine Luria, D-Va., said Monday at a meeting of the House’s Jan. 6 select committee shortly before voting to hold former Trump White House aides Dan Scavino and Peter Navarro in contempt for refusing to testify. The sophomore lawmaker from Virginia was expressing a growing concern among Democrats that Trump’s aides may elude justice, even after a monumental week of revelations surrounding the investigation into the Jan. 6 attack. On Tuesday, an explosive report from CBS News and the Washington Post revealed a more than seven-hour gap in the White Ho...

New Russian Claims: Kiev Wanted to Use Drones to Deliver Bioweapons to Donbass

Barack Obama and Victoria Nuland tied to DOD bio program in Ukraine; Collage: jouwatch Documents and other evidence from US-funded laboratories in Ukraine suggest that Kiev was planning to use drones to deploy pathogens against the Donbass as well as Russia, the Russian Defense Ministry said on Wednesday. Moscow has also identified specific US officials involved in the development of bioweapons in Ukraine. Of particular interest to Russian investigators are “documents testifying to the plans of the Kiev regime to use unmanned aerial vehicles capable of carrying and spraying deadly substances,” military spokesman Major General Igor Konashenkov said during a briefing. Facts in the possession of the Russian military “prove that the Kiev regime was seriously considering the possibility of using biological weapons against the population of the Donbass and the Russian Federation,” Konashenkov added. Russia has also identified “specific officials who took part in the creation of compo...

Trump son-in-law Kushner appears before U.S. House Jan 6 committee

WASHINGTON (Reuters) – Former President Donald Trump’s son-in-law Jared Kushner made a “valuable” appearance on Thursday before the U.S. House of Representatives committee investigating the Jan. 6, 2021, riot at the U.S. Capitol, Representative Elaine Luria, a member of the panel, said. “It was really valuable for us to have the opportunity to speak to him,” Luria told MSNBC. The Democratic representative declined to provide specifics about Kushner’s appearance before the panel via videolink, but said he commented on various reports about events of the day that have already been published. “He was able to voluntarily provide information to us to verify, substantiate, provide his own take on this different reporting,” she said. Kushner is the first close relative of the former president known to have spoken to the House Select Committee. He also served as a senior adviser in the Trump White House. A committee spokesman declined comment. The Select Committee has conducted hundreds ...

Star Royalties Announces Strategic Investment by Agnico Eagle into Green Star Royalties

Toronto, Ontario –News Direct– Star Royalties Ltd. care of Investor Stratum Resources Inc. Star Royalties Ltd. care of Investor Stratum Resources Inc. MARCH 31, 2022 – TheNewswire – TORONTO, ON – Star Royalties Ltd. (the “Company” or “Star Royalties”) (TSXV:STRR), (OTC:STRFF) is pleased to announce a non-brokered private placement (the “Private Placement”) of 15,384,620 common shares (“Green Star Shares”) of its subsidiary, Green Star Royalties Ltd. (“Green Star Royalties”), at a price of C$1.00 per Green Star Share. Agnico Eagle Mines Limited (“Agnico Eagle”) (NYSE, TSX: AEM) has agreed to purchase 14,134,620 Green Star Shares for an aggregate purchase price of C$14.13 million. The Company’s management team and Board of Directors (collectively, “Management”) have agreed to purchase concurrently the remaining 1,250,000 Green Star Shares in the Private Placement for an aggregate purchase price of C$1.25 million. Upon completion of the Private Placement, Green Star Royalties w...

Those who invested in Humana (NYSE:HUM) five years ago are up 117%

The most you can lose on any stock (assuming you don’t use leverage) is 100% of your money. But when you pick a company that is really flourishing, you can make more than 100%. For example, the Humana Inc. (NYSE:HUM) share price has soared 109% in the last half decade. Most would be very happy with that. Meanwhile the share price is 2.0% higher than it was a week ago. With that in mind, it’s worth seeing if the company’s underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. Check out our latest analysis for Humana In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. Over half a decade, Humana managed to grow its earnings per share at 41% a year. The...

GameStop Soars on Plans to Extend Rebound With Stock Split

(Bloomberg) — GameStop Corp. shares surged as much as 22% in extended trading after the company said it plans to ask shareholders for approval of a stock split in the form of a dividend. Most Read from Bloomberg Never Had Covid? You May Hold Key To Beating the Virus Putin Says Gas Exports to Be Halted If Ruble Payments Not Made Ukraine Update: Russian Forces Hand Over Chernobyl Nuclear Plant U.S. Criticizes India on Russia Talks as Lavrov Visits Delhi Biden Team Weighs a Massive Release of Oil to Combat Inflation The gaming retailer will request at its upcoming annual meeting that shareholders approve a proposal to increase the number of Class A shares to 1 billion from 300 million, according to a filing Thursday with the U.S. Securities and Exchange Commission. The stock jumped to a high of $203.98 after closing at $166.58 in New York. The plan would make the company the latest tech firm to propose a share split after heavyweights Alphabet Inc., Amazon.com Inc. an...

Ukraine war: Russian troops leave Chernobyl, Ukraine says

Image source, Getty ImagesImage caption, There have been concerns about safety at the former plant since the Russian occupation Russian troops occupying the former nuclear power plant at Chernobyl have left, the plant’s staff say. According to Ukraine’s state nuclear company Energoatom, staff at the plant said there are currently no “outsiders” at the site. Earlier, it said some Russian forces had set off towards the Belarusian border, leaving a small group behind. The announcement appears to confirm reports by senior US defence officials on Wednesday of a withdrawal. Russian troops seized Chernobyl at the beginning of their invasion of Ukraine. “This morning, the invaders announced their intentions to leave the Chernobyl nuclear power plant,” Energoatom said in a statement. The company also confirmed reports that Russian troops had dug trenches in the most contaminated part of the Chernobyl exclusion zone, receiving “significant doses” of radiation. There ar...

GOP Senator Shrugs Off Trump’s Plea to Putin for Dirt: ‘Donald Trump Is Donald Trump’

MSNBC A Republican lawmaker insisted on Thursday that former President Donald Trump was just being sarcastic and tweaking the media when he brazenly called for Russian President Vladimir Putin to release dirt on President Joe Biden’s son Hunter. “Donald Trump is Donald Trump,” Sen. Kevin Cramer (R-ND) shrugged during an appearance on MSNBC’s MTP Daily. In an interview earlier this week with JustTheNews’ John Solomon, who just so happens to be the architect of Rudy Giuliani’s Ukraine conspiracies that led to Trumps’ first impeachment, the ex-president implored America’s top adversary to release damaging information about the president of the United States. “As long as Putin is not exactly a fan of our country, let him explain… why did the mayor of Moscow’s wife give the Bidens—both of ’em—three and a half million dollars?!” Trump exclaimed, advancing an unsubstantiated claim about the Biden family. “I would think Putin would know the answer to that. I think he should release...

Get up to 40% off at this Madewell sale—save on top-rated jeans, dresses and shirts

Save big on Madewell jeans, sweaters, dresses and more during this stellar sale. — Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission. If you’re looking to give your winter wardrobe a stylish overhaul, now is the time with this incredible Madewell sale. With tons of deep discounts on Madewell jeans, dresses, tops and more, you’re sure to find everything you need to make a style statement this weekend. Get deals and shopping advice delivered straight to your phone. Sign up for text message alerts from the experts at Reviewed. Now through Monday, April 11, shoppers can enjoy up to 40% off select select styles when they enter coupon code YESPLS at checkout. During the sale, you can shop discounts across all categories and scoop a cult-favorite pair of Madewell jeans for as little as $74.70. ►We Made Too Much: Shop best-selling lululemon leggings, hoodies and joggers for spring ►Samsung deal: Samsung r...

Capital Allocation Trends At Ormat Technologies (NYSE:ORA) Aren't Ideal

If you’re looking for a multi-bagger, there’s a few things to keep an eye out for. In a perfect world, we’d like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Although, when we looked at Ormat Technologies (NYSE:ORA), it didn’t seem to tick all of these boxes. Return On Capital Employed (ROCE): What is it? For those who don’t know, ROCE is a measure of a company’s yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Ormat Technologies, this is the formula: Return on Capital Employed=Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities) 0.042=US$162m ÷ (US$4.4b – US$544m) (Based on the trailing twelve months to December 2021). So, Ormat Technologies has an ROCE of 4.2%. On ...

Rep. Jayapal urges lawmakers to protect trans kids: “We cannot wait any longer”

Rep. Pramila Jayapal (D-Wash.) in a Teen Vogue op-ed out Thursday urged lawmakers to pass federal protections for transgender children, writing that such measures “cannot wait any longer.” Why it matters: March 31 marks Transgender Day of Visibility. It comes this year as Republican-led states across the nation continue to introduce and pass legislation targeting transgender youth. Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free Jayapal, the mother of a trans child, noted that “transgender youth are some of the most vulnerable children in our country today, experiencing higher rates of bullying and harassment, physical and sexual violence, depressed academic performance, and an epidemic of mental distress and suicidality.” The big picture: Over two-thirds of LGBTQ youth said recent debates over state laws that target transgender people have negatively impacted their mental health, a January poll by the Trevor Project indicat...

Biden Tells Americans Struggling with Higher Energy Costs to Buy Electric Vehicles and Get Some Solar Panels (VIDEO)

Joe Biden waged war on the domestic oil industry on Thursday as he delivered remarks on energy and gas prices. Biden announced he is authorizing the release of 1 million barrels per day for the next six months from the Strategic Petroleum Reserve. “This is a wartime bridge to increase oil supply until production ramps up later this year,” said Biden. Biden also said he will use the Defense Production Act to create materials needed for electric car and renewable energy batteries. TRENDING: JUST IN: Arizona Attorney General Mark Brnovich Refers Criminal Action Against AZ Secretary of State Katie Hobbs For Election Crimes In the meantime, Joe Biden has some advice for Americans struggling with high energy costs: Buy expensive electric vehicles and get some Chinese-made solar panels. Biden said driving a $55,000 electric vehicle will save families $80 a month on gas. VIDEO: Biden drives a Corvette while telling the peasants to drive a Chevy Volt or a Nissan Leaf. VIDEO: Bide...

What’s New On Netflix In April 2022: ‘Ozark’s Final Episodes, ‘Selling Sunset’ Season 5 & More

Breaking News March 31, 2022 1:36PM EDT The month of April will bring an entirely new slate of TV shows and movies to Netflix. From fan favorites to the debuts of new series like ‘Anatomy of A Scandal,’ here’s the full list of what’s new on Netflix. Netflix is kicking off the month of April with an incredible new batch of titles. You’ll be able to curl up on the couch and have the ultimate movie night with these films. Who doesn’t want to watch A Cinderella Story for the millionth time? If you’re looking for a drama, movies like The Blind Side, Her, and Inception will also be available starting April 1. The streaming service will be debuting new shows as well that will definitely be on your binge-watch list. The second part of Ozark’s final season will premiere on April 29, along with the final episode of Grace and Frankie. Sienna Miller, Michelle Dockery, and Rupert Friend star in the upcoming limited series Anatomy of a Scandal, which drops on April 15. Fi...

Sheffield Leadmill faces closure after eviction notice

Image caption, The club opened in 1980 and has hosted dozens of internationally renowned artists A legendary club widely regarded as one of the UK’s premier live music venues has been told it must close. The Leadmill, in Sheffield, opened its doors in 1980 and has hosted artists including Pulp, Coldplay, The Stone Roses and Oasis. Venue bosses said their landlord had served them with an eviction notice requiring them to quit the building next year. Fans, artists and a local MP have backed a campaign to save the Leadmill. Based near Sheffield’s main railway station, the venue is regularly voted as the city’s best for live music and has won national awards. It also hosts comedy acts and regular club nights. A spokesperson said: “Since 1980, The Leadmill has spent millions of pounds on what was a derelict warehouse, transforming it into one of the U.K’s most respected venues, where countless acts from across the globe have performed over the years.” Image capti...

INCREDIBLE! Dem Rep. Maxine Waters Laughs at Homeless People Trying to Get Sect. 8 Housing…Tells Them To “Go home!” [VIDEO]

After insulting a large crowd of homeless people by telling them to “go home!” Maxine Waters warned a reporter not to cover the homeless situation in her district. Is Maxine a queen or an elected official? 100 Percent Fed Up reports – Look who’s making threats to the press now? Woke Waters just dug herself a hole by threatening a journalist in hopes of stopping a story about L.A.’s homeless problem. From the New York Post: Rep. Maxine Waters (D-Calif.) tried to stop the publication of a news story about Los Angeles’ homeless crisis this week, reportedly telling a Los Angeles Times scribe: “You’ll hurt yourself and the community trying to put this together.” TRENDING: JUST IN: Arizona Attorney General Mark Brnovich Refers Criminal Action Against AZ Secretary of State Katie Hobbs For Election Crimes The Wednesday Story by investigative reporter Connor Sheets detailed a March 25 incident in South Los Angeles, where hundreds of homeless people tried to obtain Section 8 housing vou...