Chinese stocks saw their worst selloff in six months as a lack of major policy support following the Third Plenum reinforced bearish sentiment
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Updates
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Private equity firms are using a form of financial engineering to buy more time for wringing returns from their under-achieving investments. Their biggest clients are saying “no thanks.”
Private Equity Gets Creative to Buy Time for More Gains. Clients Say Pay Me Now
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Bloomberg News reposted this
New: Roblox’s predator problem. This 8-month investigation with Olivia Carville exposes how predators find and groom children over Roblox. Over 30 million kids under 13 play Roblox every day. On darknet forums, predators trade tricks on how to coerce them into sex acts using Robux. Police incident reports describe predators meeting or abusing kids they played the game with. This investigation is the result of dozens of freedom of information requests, interviews with 20+ current and former Roblox employees and conversations with police, child safety experts and vigilante gamers. Roblox says safety is foundational to the platform. It’s increasing its use of AI to moderate and parents can toggle on safety controls. After we reached out for comment, Roblox announced changes to its default safety settings for kids. But employees say it’s fraught. We heard AI isn’t equipped to discern the subtle signs of grooming, for example. And growth and safety can be at odds. https://lnkd.in/e4Vn26P9
Roblox Is Fighting to Keep Pedophiles Away and Not Always Winning
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Jho Low, the alleged mastermind of the looting of Malaysia’s 1MDB fund, has been ordered to forfeit three “flawless” diamonds he bought for his mother.
1MDB Fugitive Low Must Forfeit Mom’s Trio of ‘Flawless’ Diamonds
bloomberg.com
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Ride-hailing and delivery provider Grab acquired Singapore restaurant reservation app Chope for an undisclosed sum, expanding its services as competition over users intensifies.
Grab Acquires Singapore-Based Dining Reservation Firm Chope: BT
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President Joe Biden’s top diplomatic and defense officials are proceeding as planned with a trip to Japan and the Philippines this week as part of a “full-steam ahead” approach to the rest of the world even after his decision to not seek a second term, officials said.
Biden Agenda ‘Full Steam Ahead’ With Officials Traveling to Asia
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Bloomberg News reposted this
Carbon emissions from ships are soaring. That's an uncomfortable truth for a sector that's said it wants to clean up -- even if factors beyond shippers' control, like Houthi attacks, have been making it harder. Free read citing data from Marine Benchmark : https://lnkd.in/eNwb8bgu
Shipping Gets Even Dirtier as Houthi Attacks Fuel Longer Voyages
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Bloomberg News reposted this
A few years ago, as I entered my midthirties, freshly single, I started panicking about my ticking biological clock. The ads I saw on social media only reinforced this: I was getting old, time was running out and I needed to freeze my eggs. But as I started looking into egg freezing, my reporter brain kicked in: Was my time really running out? Did egg freezing even work? And why was it so EXPENSIVE? Eventually, these questions led to my most intimate reporting project yet: Misconception, a four-part podcast series that dives deep down the rabbit hole to explore whether the reality of fertility treatments like egg freezing and IVF really live up to the hype. This comes at an especially fraught time for women’s biology. IVF is under attack. Abortion rights are being rolled back across the US. What a woman can do with her own body has never been such a hot topic of national debate. As people debate the reproductive rights of women,, this show grapples with how these technologies both help women and hurt them. Misconception journeys to the core of an industry where some of the most intimate, emotional and trying moments in life collide with business. I hope you give it a listen!
Prognosis: Misconception on Apple Podcasts
podcasts.apple.com
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Singapore’s public housing system is going to allow homebuyers to have more flexibility in their apartments' designs, by piloting open-plan units with no internal partition walls.
Singapore’s Public Housing Get Open-Plan Makeover as Design Tastes Shift
bloomberg.com
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India cut its import tax on gold to support jewelry manufacturing in the world’s second-biggest consumer of the precious metal. Here's how much the government slashed the duty on the yellow metal.
India Cuts Gold Import Tax in Boost to Local Jewelry Makers
bloomberg.com