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Music catalog fund Hipgnosis sold to Blackstone
Shareholders of Hipgnosis Songs Fund, which in recent years made waves by helping popularize music rights as an asset class, have voted to accept a $1.6 billion takeover from US private equity firm Blackstone, filings showed Tuesday.
Meta to pull posts targeting 'Zionists' for harm
Meta on Tuesday said it will start removing posts that label Jews "Zionists" and target them for harm. "We will now remove content that targets 'Zionists' with dehumanizing comparisons, calls for harm, or denials of existence on the basis that 'Zionist' in those instances often appears to be a proxy for Jewish or Israeli people," Meta said in a blog post.
Fed's Powell says US making 'modest' progress on inflation
The US Federal Reserve is making "modest" progress in its inflation fight, the head of the US central bank told lawmakers Tuesday, on the first of two days of testimony in Congress. Speaking in Washington on Tuesday, Fed Chair Jerome Powell told lawmakers on the Senate Banking Committee that the most recent readings "have shown some modest further progress" since the first quarter of the year.
Moody's cuts Kenya debt rating further into junk territory
Moody's has downgraded Kenya's debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes. The new rating, and Moody's negative outlook for the country, are likely to further increase borrowing costs for the cash-strapped government.
Moody's cuts Kenya debt rating further into junk
Moody's has downgraded Kenya's debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes. The new rating, and Moody's negative outlook for the country, is likely to further increase borrowing costs for the cash-strapped government.
Samsung says 'no disruption' to production despite strike
South Korean tech giant Samsung said Tuesday that production was not being disrupted despite a three-day general strike by thousands of workers. "There has been no disruption to production," local media quoted Samsung as saying.
River Seine to have flying taxi landing pad at Paris Olympics
France's government on Tuesday gave the go-ahead for construction of a floating landing pad on the River Seine for flying taxis set to be shown off during the Paris Olympics. The landing site will float on the Seine near the Austerlitz railway station in southeastern Paris.
S. Korea petitioned to probe BLACKPINK Jennie's 'vaping incident'
A now-deleted video showing K-pop megastar Jennie of BLACKPINK apparently smoking a vape indoors has sparked online outcry, with Seoul's foreign ministry telling AFP Tuesday it had received a formal complaint. South Korea's Ministry of Foreign Affairs told AFP on Tuesday that they had received a petition related to the incident.
Asian markets rise ahead of Fed chief's Congress testimony
Asian markets rose Tuesday following gains in US stocks and ahead of Fed chief Jerome Powell's testimony to Congress which will be closely watched for any hints on the timing of rate cuts. Traders will be keenly watching Powell's remarks to Congress on Tuesday and Wednesday for any indications of when the Fed will start cutting rates.
AFP
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