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Stuart Appelbaum, RWDSU President joins the Yahoo Finance Live panel to discuss President Biden expressing solidarity for Amazon workers voting on whether to unionize in Alabama.
Stuart Appelbaum, RWDSU President joins the Yahoo Finance Live panel to discuss President Biden expressing solidarity for Amazon workers voting on whether to unionize in Alabama.
Searching for Sheela is all set to premiere on 22 April on Netflix.
Chris Packham, Joanna Lumley and Zoe Wanamaker are among high-profile names supporting a campaign by Tree Aid.
(Bloomberg) -- That the immediate fate of emerging markets is likely to be determined by the path of the dollar and Treasury yields is barely in dispute.But what is less clear is which direction the U.S. currency and bond market will take, as investors weigh the competing forces of Covid-19 infections and the prospects of a global economic rebound. Another uncertainty is which developing economies are best-placed to ride the recovery.This week “will continue to be dominated by rate volatility, issuance and Covid resurgence,” said Abdul Kadir Hussain, the head of fixed-income asset management at Arqaam Capital in Dubai. “If rate volatility declines, supply is constrained and the Covid resurgence in places like India is controlled we can go tighter in spreads. Otherwise, I think we will continue to see weakness in fixed income.”Last week’s performance provided plenty of pointers. Emerging-market dollar bonds had their best week since December, while local-currency debt rose by the most in two months, according to Bloomberg Barclays indexes. Meantime, developing-nation stocks fell 0.6% amid concerns about rising inflation, while the implied volatility for currencies declined for a second week.Chinese data will take the spotlight this week as a slew of releases including first-quarter gross domestic product will be watched for clues on the strength of its economic recovery. Inflation data from the U.S. and developing economies from India to Russia will also garner scrutiny as investors seek guidance on the path for monetary policy.Turkey’s interest-rate decision on Thursday will be in focus as the new central bank governor seeks to win over investors with a commitment to tight monetary policy after his predecessor was fired last month. The Bank of Korea is likely to hold its benchmark rate too.On HoldTurkey’s authorities will probably keep the benchmark one-week repo rate unchanged at 19%, according to most economists surveyed by BloombergTurkish central bank Governor Sahap Kavcioglu said last month markets shouldn’t take for granted that he’ll cut interest rates as soon as AprilThe lira slumped 10% last month after President Recep Tayyip Erdogan’s shock decision to replace the country’s central bank chief.The benchmark rate was raised by a larger-than-expected 200 basis points at Naci Agbal’s final rate-setting meeting as governor on March 18“President Recep Tayyip Erdogan would like the new-look central bank to lower interest rates, but market forces will likely delay the delivery of his orders,” with inflation rising and the lira weakening, Bloomberg Economics said in a reportBank of Korea is likely to hold its benchmark rate at 0.5% at its Thursday meeting. In late March Governor Lee Ju-yeol dismissed calls to tighten policy early to tackle rising financial risks, even as he said he expects faster inflation and economic growth this yearSouth Korea is scheduled to announce its unemployment rate for March on Wednesday. Bloomberg Economics forecasts the seasonally-adjusted jobless rate to slide further to 3.8% in March from 4% in the previous monthElection WatchA Sunday presidential runoff vote in Ecuador is being closely watched by bondholders as career banker Guillermo Lasso is leading over the protege of self-exiled former President Rafael Correa with majority of the votes countedLasso has pledged to attract foreign investors and create jobs via policies that help the private sectorPeru is likely heading to a presidential runoff in June after early results of Sunday’s election showed no candidate getting anywhere close to the threshold needed to win outrightPedro Castillo, a community organizer and union leader, was leading the race with 18.1% of the votes, according to a closely-watched quick count by the Ipsos polling firmHe was followed by Keiko Fujimori, an ex-legislator, with 14.4% and conservative businessman Rafael Lopez Aliaga with 12.4%. Hernando de Soto, an economist, was in fourth place with 10.8% of the vote,The Peruvian sol led last week’s currency gains on speculation that Soto will secure enough support to advance to the runoffPeru Vote Key to Bonds After Biggest Sol Rally Since 2008China CheckData on Friday is set to show China’s economy accelerated by a record 18.3% in the first three months of 2021, according to the median estimate of analysts surveyed by BloombergBefore that, trade figures are forecast to show a continued export boom while industrial production and retail sales are also expected to jumpThe People’s Bank of China is also seen injecting cash in the banking system via medium-term lending facilities on Thursday as 100 billion yuan ($15.2 billion) of one-year loans come due. Traders will be on the watch for any additional cash injection as liquidity is expected to tighten this quarter due to a surge in local government bond sales and tax payments“Looking ahead to April and May, we expect liquidity to stay on the tight side,” said David Qu, who covers China for Bloomberg Economics. “In our view, the PBOC is trying to avoid fueling financial risks -- without putting a choke on the economy. We think the central bank will need to inject more liquidity into the banking system”What Else to WatchTraders will watch out for further escalation between Russia and Ukraine after Russia warned that growing violence in Ukraine could set off a broader military conflictJPMorgan Chase & Co. moved to market-weight from overweight on the ruble and Russian rates due to escalating geopolitical tensions and asset underperformanceThe ruble was the second-worst performing emerging-market currency last week amid the tensionIndia will release March consumer prices on Monday and inflation is expected to rebound further above the central bank’s 4% mid-point targetThe Reserve Bank of India will probably look past the near-term surge however and continue its hold on interest rates, according to Bloomberg IntelligenceIndia’s benchmark 10-year yield fell 15 basis points last week after the RBI announced 1 trillion rupees ($13.4 trillion) of debt purchasesIndustrial production is expected to decline further in February; India will also release trade figures alongside IndonesiaThe Philippines will release February overseas remittances data on ThursdayThe Czech Republic and Poland will report March’s consumer prices data on Tuesday and Thursday, respectivelyThe koruna and the zloty were among the best-performing emerging-market currencies last weekTraders will watch a reading of Peru’s economic activity gauge for February, which is expected to add to evidence that recovering growth lost momentum early in the first quarter, in line with increasing infections and lockdowns, according to Bloomberg EconomicsIn Brazil, investors will be watching for news on the nation’s 2021 budget gridlock, a significant local drivers this monthFebruary retail sales data on Tuesday, and unemployment figures on Friday will offer more information on how rising coronavirus cases has affected the economy.Colombia will post retail sales figures for February on ThursdayThe nation has had to return to lockdowns to fight the spread of Covid-19, which may imply downside risk for March, according to Bloomberg EconomicsBloomberg Economics expects Argentina’s March CPI data to show persistent inflationary pressure, despite price and currency controlsFor 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.
U.S. colleges hoping for a return to normalcy next fall are weighing how far they should go in urging students to get the COVID-19 vaccine, including whether they should — or legally can — require it. Universities including Rutgers, Brown, Cornell and Northeastern recently told students they must get vaccinated before returning to campus next fall. The question looms large as more colleges plan to shift back from remote to in-person instruction.
Ecuadorean banker Guillermo Lasso unexpectedly won the nation's presidency on promises to revive an economy battered by coronavirus as his rival's vows of a return to socialist largesse failed to win over a skeptical electorate. Lasso took 52% of the vote in the runoff following a campaign that pitted free market economics against the social welfare plans of economist Andres Arauz, a win likely helped by a ballot spoiling campaign that left one in six ballots void. The 65-year-old president-elect will now have to find ways to kick-start a stalled economy while using the same pro-market play book as President Lenin Moreno, who shored up government finances but struggled to create jobs and did not seek re-election.
His book Megatrends: Ten New Directions Transforming Our Lives was about understanding the present in order to predict the future.
Proactive policy steps by the government and State Bank to spur inflows through formal channels, combined with limited cross-border travel, medical expenses and altruistic transfers amid the pandemic to fuel the rise, it said in a statement. "The love and commitment of overseas Pakistanis to Pakistan is unparalleled," Prime Minister Imran Khan said on Twitter.
A spring snow storm struck Windsor Castle on Monday where Queen Elizabeth pondered the huge void left by the death of Prince Philip, her husband of 73 years. Philip, who had been at her side throughout her record-breaking 69-year reign, died at Windsor Castle on Friday. The queen's son, Prince Andrew, said on Sunday that the queen was stoical in the face of a loss that she had described as "having left a huge void in her life".
It marked the hosts’ first loss since March 24, while the Celtics have won five of their last six games.
The Foreigners’ Tribunals are Quasi judicial courts mandated to hear appeals of people not included in the NRC list.
Press releaseParis, 12 April 2021 Orange partners with APG for the deployment of an additional 1.7m FTTH plugs in Poland through a 50-50 joint venture valued at 605 million euros Orange Polska announced today the creation of a FiberCo co-owned (50-50) with APG. This joint venture aims to support the rollout of fiber in Poland, in areas where access to very high-speed broadband infrastructure is limited or inexistent. The FiberCo integrates 2.4 million lines, including 1.7 million households that will be deployed over the next five years. This transaction values the joint venture at 2,748 million PLN (605 million euros) following a competitive process aimed at seeking out a long-term partner. As a result, Orange Polska will receive 1,374 million PLN (303 million euros) from APG, of which 65% will be transferred on closing and the rest between 2022 and 2026 as the deployment plan advances. This project will allow Orange Polska to pursue its ambitious fiber-optic rollout strategy by sharing investment costs. > Click here for further details. This announcement follows other Orange Group announcements including the creation of Orange Concessions in January 2021 and the outline of the European Towerco Totem in February 2021. As such, Orange continues to deploy its infrastructure strategy as set-out in its Engage 2025 plan. Commenting on the partnership in Poland, Mari-Noëlle Jégo-Laveissière, Deputy CEO of Orange in charge of European Operations (outside France), said: “This partnership with APG is excellent news for Orange Polska. APG is a global leader in infrastructure management and will provide us with the financial backing necessary to achieve our ambitious five-year fiber roll-out program in Poland. Together we will be able to bring fiber to an additional 1.7 million homes mainly in areas that still lack reliable internet access across the country. This ambition will be backed with a tried-and-tested business model that aims to maximize available revenues by opening-up wholesale access to third-party operators. This is a clear win-win for everybody that will also contribute to social and economic development in the country.” Ramon Fernandez, Delegate CEO of Orange in charge of Finance, Performance and Development, commented: “I am delighted that Orange, as Europe’s leading player in the FTTH fiber market and one of the largest mobile network operators, has successfully brought to fruition its three major infrastructure projects, delivering on the commitment made in our Engage 2025 strategic plan. These projects clearly underline the value of our network assets, which have been shown to be so crucial during the ongoing pandemic. By creating these independent structures, we are strengthening our leadership and fostering sustainable value creation through an optimized infrastructure management and improved customer service.” Orange’s other infrastructure projects include: Orange Concessions: Orange announced the creation of its French FiberCo in January 2021 bringing together 4.5 million fiber plugs in rural France. Click here for further details.Totem: Orange’s wholly-owned European TowerCo bringing together passive-infrastructure assets in its mobile networks in France and Spain. Click here for further details. About Orange Orange is one of the world’s leading telecommunications operators with sales of 42.3 billion euros in 2020 and 142,000 employees worldwide at 31 December 2020, including 82,000 employees in France. The Group has a total customer base of 259 million customers worldwide at 31 December 2020, including 214 million mobile customers and 22 million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In December 2019, the Group presented its new "Engage 2025" strategic plan, which, guided by social and environmental accountability, aims to reinvent its operator model. While accelerating in growth areas and placing data and AI at the heart of its innovation model, the Group will be an attractive and responsible employer, adapted to emerging professions. Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).For more information on the internet and on your mobile: www.orange.com, www.orange-business.com or to follow us on Twitter: @orangegrouppr.Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited. Press contacts: +33 1 44 44 93 93Tom Wright; email@example.com; +33 6 78 91 35 11 Attachment PR_Orange_Polska_FiberCo_EN_120421
In before-times, we’d be glued to our multiple screens right about now, taking in all the award season fashion inspiration. Then we’d imagine ways to wear our own versions of the looks to, say, lively restaurants, crowded bars, or open-space office plans. But with a dearth of IRL celebrity red carpet moments in the last year as a result of the pandemic, it is the shows on the small screen that have been providing us with much-needed style inspo. While we may be confined to a stay-home life, we’ve vicariously toured the City of Lights while teetering around in impossibly high heels with Emily in Paris, experienced light-headedness, thanks to corsets and Regé-Jean Page in Bridgerton’s steamy Regency-era London, and wandered Manhattan’s Upper East Side while bundled in a series of can’t-miss coats in The Undoing. Of course, this isn’t a new phenomenon. People have long been influenced by TV fashion. Think: Charlie’s Angels in the ‘70s; Dallas and Dynasty in the ‘80s; Fresh Prince of Bel-Air, Friends, and Sex and the City in the ‘90s and early ‘00s; and Gossip Girl, Mad Men, and Scandal from late ‘00s to mid-2010s all spurred mini fashion moments of their own. But in the absence of actors living out their glam public lives — photographed at events and movie premieres — viewers have turned to their on-screen characters. In fact, our screen style consumption is now leaving a paper trail — or online footprint, rather — and clearing out inventory. According to global shopping platform Lyst, the October release of Emily in Paris led to a rush on multiple pieces worn by the titular Chicago transplant (Lily Collins), including the Ronny Kobo green python mini skirt that Emily wears on her first day of work in Paris, as well as the hot pink denim style by Chiara Ferragni (both sold out). Searches for her oft-worn Kangol bucket hats jumped a whopping 342%, Ganni skirt searches increased 289%, and the Marc Jacobs’ Jelly Snapshot Camera Bag spiked 92%. Across the pond in New York City, Nicole Kidman’s outerwear collection from The Undoing inspired interest as well. According to Lyst, searches for green coats rose 35%, month-over-month, while velvet and floral styles jumped 46%. Grown-ish costume designer Michelle Cole confirms that viewers are currently more invested in wardrobes of fictional characters. Since the mid-season premiere in January, Cole has noticed higher fashion-related fan engagement on her own Instagram and the show’s social channels, compared to years prior. “There are definitely more comments about the wardrobe than ever before,” she says. Data provider Semrush found that searches for “grown-ish outfits” spiked 93% from December 2020 to the show’s return in January 2021, while interest in Zoey’s (Yara Shahidi) outfits jumped 104%, over the same period. Cole points out fans are enjoying seeing fashion we’re decidedly not wearing right now. Fabulous outfits, like Zoey’s head-turning holographic dress worn over a rainbow mesh top by Dolls Kills, keep us conjuring looks we’ll wear in the future — even as we continue to wear soft pants and PPE. “[The show’s] clothes aren’t representing what’s happening now and those types of clothes are not in the store right now,” says Cole. Enthusiasm for on-screen style isn’t limited to contemporary fashion, either. The December release of the Shonda Rhimes-executive produced Bridgerton fueled a #Regencycore frenzy. On Lyst, searches for corsets surged 123%, pearl and feather headbands by 49%, and empire waist dresses 93%, with brands Brock Collection and Erdem leading the pack. “I have friends in England that are running around buying fans,” laughs frequent Shondaland costume designer Lyn Paolo, on a call. Like us, she binged the series and appreciated the period, with a twist, work by colleague Ellen Mirojnick. Paolo made her onscreen mark when she redefined power dressing on Scandal, while inspiring legions of viewers with Kerry Washington’s aspirational, yet functional Prada work totes and plush designer coats. Thanks to Paolo’s close relationships with fashion houses, including Ralph Lauren, Michael Kors, and Christian Siriano, many of D.C. fixer Olivia Pope’s killer pieces were runway samples. So when standout items, like the iconic white Burberry trench, hit the screen, they were available to purchase — and promptly sold out. Paolo expects the enthusiasm for screen style to continue — and is ready to deliver the inspiration. Her next project for Shondaland is Inventing Anna, the Netflix limited series that chronicles the exploits of faux German heiress Anna Delvey, who scammed her way into New York City’s party scene. “Fashion is a huge element in the show,” hints Paolo. Bolstering her grift, Delvey ensured that her expensive, questionably procured wardrobe featured all the mid-2010s mainstays, like Gucci sandals and Céline glasses, plus pieces that alluded to Alaïa or Balenciaga. But, based on Paolo’s past work, we’re guessing Julia Garner’s version of the society grifter will be an elevated and stylistically heightened portrayal. For proof, look at the paparazzi pics of the actor on-set, clad in a houndstooth sleeveless cape and carrying a red Dior Lady Bag, that have been making rounds. Delvey’s deception was exposed in a 2018 New York Magazine story by journalist Jessica Pressler. However, Paolo reveals that she sourced pieces from current collections rather than archives. That said, with filming uncertainty during the pandemic and no release date yet, timing a look’s on-screen debut with availability may prove different from before-times. (But, hey, that’s what resale sites are for, right?) The upcoming Gossip Girl reboot will also provide much-needed fashion inspo. Already, photos of the new, way too cool cast lounging on the steps of the Met last November sent everyone on the internet scrambling to identify and buy the few looks shown. “That was blowing up all over because people were at home and that was the first taste of it,” says Gossip Girl costume designer Eric Daman about the response over the phone. He started his career as an assistant to Emily in Paris costume designer Patricia Field on the HBO series Sex and the City, which changed the way an entire generation dressed — and, incidentally, has also received the green light a revival from the platform. (While it hasn’t been announced whether Field will helm the SATC reboot’s costumes, she is confirmed to return to Season 2 of Emily in Paris.) Daman then made his own cultural impact costume designing The CW’s Gossip Girl during a seachange period of fashion and television crossover. Actors, regularly snapped by tabloid photographers in a pre-Instagram era and on red carpets, suddenly became style stars that fashion houses wanted to dress both on- and off-screen. Daman was also on the forefront of borrowing runway and sample pieces from established designers, from Chanel to Valentino, and then-up-and-coming labels, like Proenza Schouler and 3.1 Phillip Lim. “We turned it into a living editorial. You would tune in to be inspired and to get that frenzy of what a fashion magazine at one point would supply,” he says. Coming full circle, over the years, the Gossip Girl aesthetic influenced the runways from which Daman pulled. Most recently, the alice + olivia by Stacey Bendet Fall 2021 collection, which Daman helped style, featured prep school plaids and Blair Waldorf-esque puff sleeves. Also inspired by comfort viewing: In lieu of a NYFW runway, Coach presented “Coach TV,” a series of shorts paying homage to pop culture classics, including Friends and Shaft. Nearly a decade after the original Gossip Girl ended, Daman continues to create unexpected looks we want to copy and cop. It also helps that he’s sprinkling in accessible and affordable pieces, a formula that has proven successful in the past on shows, like the aforementioned SATC and Emily in Paris. See: Jordan Alexander’s white croc-embossed Schutz Abbey boots — styled with a very SATC red Fendi baguette bag — and Savannah Smith’s platform loafers by Sam Edelman that saw interest from viewers following the release of the GG photos. (Even Amazon’s algorithm is on board; my recent search for the Schutz boots, now only available in black, suggested I also look at the SE loafer — xoxo Gossip Girl.) But true to Daman’s M.O., jaw-dropping high-end designer and couture looks will also make the cut — or as evidenced via the pap pics, anyway. In November, Alexander wore a sculptural Christopher John Rogers gown from the Spring 2021 collection, backed by Zion Moreno in a fluttery floral Giambattista Valli dress, while filming — thus indulging our red carpet deficiency, but in a more relatable way. Similarly, the Givenchy metallic pleated gown on The Undoing could rival any of Kidman’s real-life red carpet gowns, and was worn by Emma Stone at the 2018 premiere of Maniac. With virtual red carpets continuing to replace in-person step-and-repeats, we’re no longer sartorially satisfied by a celeb posing in a stunning gown — so far removed it is from our coach-all-day-every-day lives. Instead, we’re looking forward to days when we can go on vacation, attend an event with all our friends, or indulge in some in-person office drama. Thanks to the small-screen fashion moments from the last year — and many more ahead — we’ll have plenty of inspiration for when the time finally comes. DashDividers_1_500x100 Style is a powerful way to express what we cherish, reject, prioritize, and value. After a year of extreme challenge and change, 29 Big (Style) Trends charts the new ways in which we outfit our lives, revealing what we’ve been through, and where we’re headed. Like what you see? How about some more R29 goodness, right here?Jordan Alexander's Look Is Perfect For The WeekendYou Need A Varsity Jacket This WinterWhy Julia Garner Went To Visit Scammer Anna Delvey
French drugmaker Sanofi said on Monday it would invest 400 million euros ($475.40 million) over five years in a new vaccine production site in Singapore. The new site would provide Sanofi with the ability to produce innovative vaccines on a massive scale for Asia and respond to future pandemic risks, the company said in a statement. Sanofi said it expected to start the construction of the site in the third quarter of 2021 and be fully operational in the first quarter of 2026.
EDF, is selling its West Burton B gas-fired power station in the UK to institutional investor EIG for an undisclosed sum, it said late on Friday. The plant in Nottinghamshire was commissioned in 2013 and consists of three combined cycle gas turbine (CCGT) units with a combined output of 1,332 megawatt (MW) - enough electricity for around 1.5 million UK homes, EDF said. Both parties aim to complete the transaction as soon as possible in 2021, subject to all applicable regulatory authorisations, EDF added.
Sydney, April 12, 2021 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: Pantoro Limited (ASX:PNR) (FRA:RKN) has completed its $50 million sole funding expenditure obligation at the Norseman Gold Project and has now formed an unincorporated joint venture. Click hereImugene Ltd (ASX:IMU) (OTCMKTS:IUGNF) highlighted new data during presentations on the HER-Vaxx cancer immunotherapy program and the CF33 oncolytic virus program during the prestigious American Association for Cancer Research (AACR) 2021 Annual Meeting at the weekend. Click hereTwenty Seven Co Ltd (ASX:TSC) (FRA:U9V) has launched a partially-underwritten pro-rata renounceable rights issue at $0.005 per share to raise up to $2.65 million before costs. Click hereAntipa Minerals Ltd (ASX:AZY) welcomes a A$10.7 million expansion of the 2021 exploration budget to A$24.5 million at the Citadel Gold-Copper Joint Venture Project with Rio Tinto Exploration Pty Limited (ASX:RIO). Click hereAVZ Minerals Ltd (ASX:AVZ) (OTCMKTS:AZZVF) (FRA:3A2) has received more strong results from mineral resource drilling at Manono Lithium and Tin Project in the Democratic Republic of Congo, including 80 metres at 1.80% lithium and 1,119 parts per million tin from 2 metres. Click hereMiramar Resources Ltd’s (ASX:M2R) diamond drilling at 8-Mile target at the 80-% owned Gidji JV Project in the Eastern Goldfields of Western Australia has intersected visible gold while also extending the Runway porphyry deposit. Click hereSilver Mines Limited (ASX:SVL) (OTCMKTS:SLVMF) (FRA:SWQ) is on the path to production at its Bowdens Silver Project pending approval of its Environmental Impact Statement from the New South Wales Department of Planning, Industry and Environment (DPIE). Click hereCapital Ltd (LON:CAPD) enjoyed strong revenue growth in 2020, during a turbulent year when most peers recorded none or declining revenue. Click here About Proactive With six offices on three continents and a team of experienced business journalists and broadcasters, Proactive works with innovative growth companies quoted on the world’s major stock exchanges, helping executives engage intelligently with investors. Proactive’ s platform delivers the right message to the right audience, digitally and in real time, leveraging a range of media, investment research, digital investor targeting and website development services to support over 1,000 fast-growing companies globally. Proactive’s network reaches over 12 million engaged private, professional and institutional investors looking for opportunities. • Our written and video content is published on Proactive sites that collectively attract up to 10 million views per month.• We syndicate our content to hundreds of mainstream and specialist news sites that expand our reach into networks that can be difficult for press releases to penetrate.• We custom build corporate websites from the ground up, empowering clients and their brands with a modern online presence and the latest insight on effective SEO strategy.• Our news coverage ranks high on the world’s most popular search platforms, and we can further amplify online presence and outreach with sophisticated digital investor targeting.• We help the world understand what makes companies stand out from the crowd with in-depth investment research from a team of experienced analysts. For more information on how Proactive can help you make a difference, email us at firstname.lastname@example.org
The 19-year-old is at a career-best ranking of 22 and made his maiden ATP Masters 1000 final earlier this month at the Miami Open. Sinner could meet Djokovic for the first time if he gets past Spain's Albert Ramos-Vinolas in the opening round of this week's Monte Carlo Masters. "I have seen his development, his trajectory, his road to where he is at the moment," said the Serbian, who has a opening round bye at the ATP Masters event on clay.
Historic win was seen around the world.
(Bloomberg) -- Kakao Entertainment Corp. is considering New York as a venue for its planned float next year, the latest South Korean company to look into a U.S. initial public offering after e-commerce giant Coupang Inc.’s blockbuster listing in March.A float could value the digital comic and movie-making unit of South Korean mobile tech giant Kakao Corp. at more than 20 trillion won ($17.8 billion), double its current worth, its chief executive said in an interview with Bloomberg.Kakao Entertainment Chief Executive Lee Jinsoo said that the company is looking into New York where Coupang’s float was the biggest U.S. initial public offering since Uber Technologies Inc.’s 2019 listing. He said he doesn’t rule out a local offering.“Coupang’s listing gave me hope that Korean businesses with global potential like Kakao Entertainment can get a much better valuation than they would have before,” said Lee, adding that the company plans to prepare for an IPO a year from now.The comopany is just one of a long list of Korean startups said to be exploring U.S. IPOs since Coupang raised $4.6 billion in the largest float by a Korean firm in more than a decade. Others on the cards include Coupang e-commerce rival Market Kurly, and Viva Republica Ltd., operator of Korea’s largest fintech startup, Toss, which said a stateside listing was among its options in a May interview.Kakao Entertainment, whose online-based web cartoons or “webtoons” are popular at home and in Japan, is planning to spend 1 trillion won ($889 million) this year alone to buy assets overseas or home, he said. It’s currently in talks to acquire the management rights of U.S.-based online fiction app Radish and U.S. webtoon platform Tapas Media Inc., a company official said after the interview.Competing with Korean tech giant Naver Corp.’s webtoon and web novel unit, Kakao Entertainment has big plans to go global. It is counting on the growing popularity of Korean culture, manifested by K-pop sensations like boyband BTS and the movie Parasite, which won four Oscars last year.Already, it’s winning fans in Japan, the world’s biggest comics market. The Piccoma manga app, owned by both Kakao Entertainment and its parent, was, in fact, the country’s most popular manga app last year. Its webtoon sales tripled last year to 414.6 billion won ($371 million). Kakao Entertainment-owned webtoons accounted for 40% of Piccoma’s sales according to the company.“The Japanese digital comics market could triple in three to four years,” Hyundai Motor Securities Co. analyst Kim Hyunyong said, adding global digital comics and web fiction markets are expected to grow 30% annually.Lee, 47, quit internet giant Naver Corp. at the end of 2009 and with seed money from his former boss at the Korean internet giant, Kakao founder Kim Beom-su, launched a startup called Podotree which sliced digital comics into shorter and cheaper chapters, soon turning a profit. Podotree was taken over by Kakao in 2015 and renamed Kakao Page.Kakao Page allows you to pay for each chapter of a webtoon unless you can wait a few days by which time it is free. It merged with Kakao’s talent agency and record label unit Kakao M earlier this year, creating Kakao Entertainment.“Our goal is to establish our webtoon platform around the world, in every country in every language. We are at about 10% of that goal,” Lee said. Kakao Entertainment’s webtoons are already in more than five languages, including Indonesian.(Adds super tout)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.
For decades, a deadly type of childhood cancer has eluded science’s best tools. Now doctors have made progress with an unusual treatment: Dripping millions of copies of a virus directly into kids’ brains to infect their tumors and spur an immune system attack. A dozen children treated this way lived more than twice as long as similar patients have in the past, doctors reported Saturday at an American Association for Cancer Research conference and in the New England Journal of Medicine. Although most of them eventually died of their disease, a few are alive and well several years after treatment -- something virtually unheard of in this situation. “This is the first step, a critical step,” said the study’s leader, Dr. Gregory Friedman, a childhood cancer specialist at the University of Alabama at Birmingham. “Our goal is to improve on this,” possibly by trying it when patients are first diagnosed or by combining it with other therapies to boost the immune system, he said. The patients in the study were given the experimental approach after they failed other treatments. The study involved gliomas, which account for 8% to 10% of childhood brain tumors. They’re usually treated with surgery, chemotherapy or radiation but they often recur. Once they do, survival averages just under six months. In such cases, the immune system has lost the ability to recognize and attack the cancer, so scientists have been seeking ways to make the tumour a fresh target. They turned to the herpes virus, which causes cold sores and spurs a strong immune system response. A suburban Philadelphia company called Treovir developed a treatment by genetically modifying the virus so it would infect only cancer cells. Through tiny tubes inserted in the tumors, doctors gave the altered virus to 12 patients ages 7 to 18 whose cancer had worsened after usual treatments. Half also received one dose of radiation, which is thought to help the virus spread. Eleven showed evidence in imaging tests or tissue samples that the treatment was working. Median survival was just over a year, more than double what’s been seen in the past. As of last June -- the cutoff for analyzing these results -- four were still alive at least 18 months after treatment. Tests also showed high levels of specialized immune system cells in their tumors, suggesting the treatment had recruited the help needed from the body to attack the disease. No serious safety issues were seen, though there were several procedure-related complications and mild side effects including nausea, vomiting, diarrhea and fatigue. Jake Kestler had the treatment when he was 12. “It went very well. He lived for a year and four months after that,” long enough to celebrate his bar mitzvah, go with his family to Hawaii and see a brother be born, said his father, Josh Kestler, a financial services executive from Livingston, New Jersey. Jake died April 11, 2019, but “we have no regrets whatsoever” about trying the treatment, said Kestler, who with his wife has started a foundation, Trail Blazers for Kids, to further research. “It’s a devastating disease for these patients and their families,” and the early results suggest the virus treatment is helping, but they need to be verified in a larger study, which doctors are planning, said Dr. Antoni Ribas, a cancer specialist at the University of California, Los Angeles, and president of the group holding the conference. Friedman said studies are continuing in adults as well, and plans are in the works for other types of childhood brain tumors. U.S. government grants and several foundations paid for the study, and several doctors have financial ties to Treovir. Only one similar virus therapy is currently approved in the United States -- Imlygic, also a modified herpes virus, for treating melanoma, the most serious type of skin cancer. ___ The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content. Marilynn Marchione, The Associated Press
John Oliver kicked off tonight’s episode with a reminder that Prince Philip, the male heir to the British throne who died last week, is married to his cousin. “It’s true. Prince Philip and Queen Elizabeth are cousins who later got married – also known as a Giuliani meet-cute,” joked Oliver. The host continued to crop-dust […]