Tag Archives: after

Kindle, schmindle: Chinese e-books stock pops 100% after IPO

China’s multifaceted messaging app: WeChat China’s answer to Amazon’s Kindle just made a spectacular stock market debut. Shares in China Literature soared in Hong Kong on Wednesday as investors lined up to bet on an e-books boom in the world’s second-biggest economy. The company raised about $ 1.1 billion from the initial public offering. Its stock surge gave it a market value of roughly $ 12.5 billion. Chinese government data shows that e-books are a fast-growing market. More than 330 million Chinese now read books via online platforms, with growth ...

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Paradise Papers: Prince Charles lobbied on climate policy after shares purchase

Media playback is unsupported on your device Prince Charles campaigned to alter climate-change agreements without disclosing his private estate had an offshore financial interest in what he was promoting, BBC Panorama has found. The Paradise Papers show the Duchy of Cornwall in 2007 secretly bought shares worth $ 113,500 in a Bermuda company that would benefit from a rule change. The prince was a friend of a director of Sustainable Forestry Management Ltd. The Duchy of Cornwall says he has no direct involvement in its investments. A Clarence House spokesman ...

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Apple defends use of new tax haven after Ireland got tough

Why companies stash cash overseas Apple has defended its tax arrangements after reports revealed it had shifted its mountain of offshore cash from Ireland to a tax haven in the English Channel. A trove of documents known as the Paradise Papers have reportedly shed light on Apple’s search for a new place to store the huge sums, after more than two decades of benefiting from artificially low taxes in Ireland.The company has resisted bringing the money back to the U.S. because of the massive tax bill it would face. Coverage ...

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Australia can breathe easy after 17th century map restored

SYDNEY (Reuters) – A 17th century map of Australia, predating British settlement, has gone on display for the first time after suffering extensive damage while purportedly housed for hundreds of years in a Swedish warehouse. A supplied image taken on July 4, 2017 shows the restored version of a rare 17th-century map, coined the “birth certificate of New Holland” and created by Joan Blaeu, chief cartographer for the Dutch East India Company in 1663, that documents Australia prior to the arrival of the British. Australian National Library/Handout via REUTERS The ...

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Melo puzzled by flagrant, ejection after layup

8:07 AM ET Ejected for a flagrant foul 2 in the third quarter of the Oklahoma City Thunder‘s 103-99 loss to the Portland Trail Blazers on Sunday, a restrained Carmelo Anthony said he disagreed with the call but didn’t expand much more beyond that. “I don’t have no thoughts,” Anthony told reporters following the game. “I don’t have anything to say about that play. I think the league will do what’s right.” Anthony was ejected following a review of an and-1 layup that he converted over Portland’s Jusuf Nurkic. Anthony ...

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NFL Playoff Picture: Looking ahead after Week 9

12:27 AM ET Kevin SeifertNFL Nation Close ESPN.com national NFL writer ESPN.com NFC North reporter, 2008-2013 Covered Vikings for Minneapolis Star Tribune, 1999-2008 Time flies when players are kneeling and the president is tweeting and owners are meeting and ratings are dropping and, in between it all, you somehow play nine weeks of games that have built exceptional playoff drama for the next two months. Phew. As of Sunday evening, NFL teams had played more games (131) than they have remaining (125) in the 2017 regular season. That means it’s ...

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The plot thickens after the first CFP rankings reveal

Nov 2, 2017 The College Football Playoff selection committee released its first of six rankings on Tuesday, and while there were plenty of lessons learned, don’t get comfortable with the current pecking order. In the previous three seasons, only five of the 12 teams ranked in the committee’s initial top four went on to reach the playoff. Welcome to November, the month where drama is inevitable and change a byproduct of it. Not only is there the committee’s top 25 to look forward to each week, there is also the ...

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Tory MP Charlie Elphicke suspended after 'serious allegations'

MP Charlie Elphicke has been suspended by the Conservatives after “serious allegations” that have been referred to the police, the party has said. Mr Elphicke, a former party whip who has been the MP for Dover since 2010, has denied any wrongdoing. In a post on Twitter, the married 46-year-old wrote: “The party tipped off the press before telling me of my suspension. “I am not aware of what the alleged claims are and deny any wrongdoing.” The party has not provided any further detail about the nature of the ...

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The big questions (and answers) after Deshaun Watson's injury

9:55 PM ET If you’re an NFL fan with a pulse, your heart sank a bit on Thursday as you read about Deshaun Watson going down for the remainder of the season with a torn ACL. Every injury is bad, of course, but Watson may very well have been the most pleasant surprise of an often-dour 2017 season. As an exciting young player playing in a city that has been on a roller coaster through tragedy to the joy of Wednesday night’s World Series victory, there might be no player ...

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DNAinfo, Gothamist shut down a week after employees unionize

A week after they voted to unionize, journalists at DNAinfo and Gothamist learned that their websites have shut down. On Thursday evening, visitors to the sites — two leading suppliers of local news in New York City — were met with a message from billionaire owner Joe Ricketts. “Today, I’ve made the difficult decision to discontinue publishing DNAinfo and Gothamist. Reaching this decision wasn’t easy, and it wasn’t one I made lightly,” said Ricketts, who founded TD Ameritrade and is worth a little more than $ 2 billion according to ...

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