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US returns 30 stolen antique artworks to Cambodia

August 10, 2022 by www.thejakartapost.com

Agence France-Presse (The Jakarta Post) PREMIUM New York, United States   ● Wed, August 10 2022 The United States on Monday returned 30 stolen works of art and antiquities to Cambodia that had been looted from the Southeast Asian nation, including from an ancient Khmer city, and illegally trafficked around the world for decades. Manhattan federal prosecutor Damian Williams officially handed over the looted antiquities to Cambodia's ambassador to the US, Keo Chhea, in front of press. "We celebrate the return of Cambodia's cultural heritage to the Cambodian people, and reaffirm our commitment to reducing the illicit trafficking of art and antiquities," Williams said. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept … [Read more...] about US returns 30 stolen antique artworks to Cambodia

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Britney Spears Releasing Duet With Elton John—In Return To Music After Ending Conservatorship

August 8, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Topline Britney Spears will soon release her first new song in six years—and her first since a judge ended her controversial 13-year-long conservatorship—in a duet with Elton John called “Hold Me Closer,” a representative for John confirmed to Forbes on Monday. Key Facts John teased fans with a social media post featuring a photo of a rocket emoji, symbolizing his song “Rocket Man,” and a rose, a favorite symbol of Spears’. The song is due in the coming days, according to Variety . The single is rumored to be a new version of John’s 1971 hit “Tiny Dancer.” Key Background Spears had largely disappeared from the music scene in the last few years while fighting a a conservatorship that left several court-appointed people, including her dad Jamie, in charge of her career and her financial and personal decisions. Her last release was in 2020, which was a re-issue of her 2016 album … [Read more...] about Britney Spears Releasing Duet With Elton John—In Return To Music After Ending Conservatorship

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Acen’s Q2 profit up 25% as local operations rebounded

August 10, 2022 by business.inquirer.net

The Ayala group’s AC Energy Corp. (Acen) saw its second quarter consolidated net income jump by 25 percent to P1.8 billion as its domestic operations returned to profitability while its overseas projects revved up their output. Second-quarter results significantly improved — albeit not enough to reverse profit decline — in the first semester, with Acen’s net income falling by 19 percent to P2.2 billion. From April to June alone, Acen’s net income got a boost from fresh contributions from new power generators here and abroad, as well as the easing of transmission restrictions in the Visayas grid. Acen’s generators in the Visayas were forced to limit the output they delivered in the aftermath of Typhoon Odette in December, damaging transmission facilities. This worsened the “curtailment,” or forced reduction of supply deliveries, that had resulted in a June 2021 incident that damaged a major undersea transmission cable that links the islands of Negros and Cebu. The company said … [Read more...] about Acen’s Q2 profit up 25% as local operations rebounded

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KLCC Stapled Group’s 2Q net profit rises 15% to RM165 mil, declares eight sen dividends

August 9, 2022 by www.theedgemarkets.com

- A + A KUALA LUMPUR (Aug 9): KLCC Stapled Group's net profit for the second quarter ended June 30, 2022 (2QFY22) rose 14.69% to RM165.18 million, from RM144.01 million a year ago, as revenue grew 25% to RM350.31 million from RM280.17 million. The group declared interim dividends comprising 0.99 sen and 7.01 sen relating to KLCC Property Holdings Bhd and KLCC REIT respectively for 2QFY22, totalling eight sen per stapled security, to be payable on Sept 28. These brought KLCC Stapled Group's total income distribution to 16 sen for the first half of FY22. The group said in a Bursa Malaysia filing on Tuesday (Aug 9) that the improved year-on-year performance was mainly due to a better performance of its retail segment, driven by lower rental assistance and higher advertising income. In a separate statement, it stated that Suria KLCC and the retail podium of Menara 3 Petronas, which represent the retail segment, saw a 46.4% increase in revenue to RM125.2 million. The … [Read more...] about KLCC Stapled Group’s 2Q net profit rises 15% to RM165 mil, declares eight sen dividends

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Norwegian bitcoin miner heads north to escape record power bills

August 9, 2022 by www.theedgemarkets.com

- A + A OSLO/STOCKHOLM (Aug 9): Soaring power prices are forcing a bitcoin miner and data centre operator in southern Norway to head north. Kryptovault AS is moving operations north of the Arctic Circle, where electricity is much cheaper, chief executive officer Kjetil Hove Pettersen said. Staying put would mean doubling a power bill that last year hit 202 million kroner (RM92.7 million) and typically makes up more than 80% of the company's operating expenses, he said. The energy crisis gripping Europe has been exacerbated in southern Norway as a dry spring depleted many giant reservoirs that are vital for local power generation. But it is a different story in the country's north, where there is ample water and it is hard to send flows to other regions. Prices in the most northern price zone where Krytovault will set up shop are a small fraction of those in the south. "The relocation project will of course add other expenses and complications, however, with … [Read more...] about Norwegian bitcoin miner heads north to escape record power bills

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MOF Inc-owned Pernas seeks summary judgement in RM46 mil lawsuit against Serba Dinamik MD, two former execs

August 9, 2022 by www.theedgemarkets.com

- A + A KUALA LUMPUR (Aug 9): Perbadanan Nasional Bhd (Pernas), who is suing Serba Dinamik Holdings Bhd's managing director Datuk Dr Mohd Abdul Karim Abdullah and two former senior executives of the oil and gas services outfit's subsidiaries to claim the return of RM46.49 million over a share investment that went bad, has applied for a summary judgement against the trio. It filed the application on Aug 1 through Messrs Azmi & Associates, claiming that the defendants' defence has no merit, and that there are no longer triable issues to be decided by the court. Pernas, a Minister of Finance Inc (MOF Inc)-owned company with the mandate to lead the development of Malaysia's franchise industry, initiated the lawsuit in May. The two other defendants named in the lawsuit are Rosland Othman and Rosli Hamat. Rosland was previously senior vice president (special project) under Serba Dinamik Group Bhd (SDGB), while Rosli was senior VP (investment) of Serba Dinamik … [Read more...] about MOF Inc-owned Pernas seeks summary judgement in RM46 mil lawsuit against Serba Dinamik MD, two former execs

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Opinion: What happens next to Brittney Griner is beyond our control

August 9, 2022 by edition.cnn.com

Gene Seymour is a critic who has written about music, movies and culture for The New York Times, Newsday, Entertainment Weekly and The Washington Post. Follow him on Twitter @GeneSeymour . The opinions expressed in this commentary are solely those of the author. View more opinion on CNN. (CNN) Nobody trusts my ability to forecast the future, least of all me. Nevertheless, I feel fairly safe in predicting that WNBA star Brittney Griner will not serve all nine years of her sentence by a Russian court for drug possession and smuggling. Gene Seymour It's not that much of a stretch to imagine this coming true, especially when recapping the basis for that charge: two vape cartridges of hashish oil found in Griner's luggage at a Moscow airport in February. Nine years? For two cartridges? The maximum sentence is 10 years , and at least Griner didn't get that. Those with long enough memories can't help but think of the incredulous … [Read more...] about Opinion: What happens next to Brittney Griner is beyond our control

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Opinion: Putin’s prisoner swap calculus

July 13, 2022 by edition.cnn.com

Jill Dougherty is adjunct professor at Georgetown University and a former CNN Moscow Bureau Chief. The views expressed in this commentary are her own. View more opinion on CNN. (CNN) Some of the most dramatic -- and diplomatically delicate -- moments in United States-Russia relations are linked to prisoner exchanges. Jill Dougherty February 10, 1962: In a Cold War, Hollywood-style trade on the Glienicke Bridge between Berlin and Potsdam, two men -- an American and a Soviet -- walked in opposite directions across what would decades later be known as the "Bridge of Spies." They were Francis Gary Powers, the American pilot of a spy plane shot down over the USSR, and Soviet KGB colonel Rudolph Abel, who had served five years in the US on espionage charges. More than half a century later, Vladimir Putin, a former KGB officer, certainly knows the value of prisoner swaps. In April, his administration freed former US Marine … [Read more...] about Opinion: Putin’s prisoner swap calculus

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CNN Exclusive: Biden administration offers convicted Russian arms dealer in exchange for Griner, Whelan

July 27, 2022 by edition.cnn.com

Washington (CNN) After months of internal debate, the Biden administration has offered to exchange Viktor Bout , a convicted Russian arms trafficker serving a 25-year US prison sentence, as part of a potential deal to secure the release of two Americans held by Russia , Brittney Griner and Paul Whelan, according to people briefed on the matter. These sources told CNN that the plan to trade Bout for Whelan and Griner received the backing of President Joe Biden after being under discussion since earlier this year. Biden's support for the swap overrides opposition from the Department of Justice, which is generally against prisoner trades. Kremlin spokesman Dmitry Peskov said Thursday that "so far, there is no agreement on this issue." Secretary of State Antony Blinken announced Wednesday that the US presented a "substantial proposal" to Moscow "weeks ago" for Whelan and Griner, who are classified as wrongfully detained. Speaking at a press … [Read more...] about CNN Exclusive: Biden administration offers convicted Russian arms dealer in exchange for Griner, Whelan

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The Benefits of Licensing for Startups.

July 29, 2022 by www.inc.com

Startup founders need every tool at their disposal to successfully launch and grow their businesses. One of those tools is a clear understanding of how the licensing business model can be employed to support their goals , including speed to market and filing intellectual property that is attractive to investors. The concept of licensing has been around for a very long time. The inventor of the first patented technology -- Samuel Hopkins, in 1790, for a new method of manufacturing potash and pearl ash -- licensed it to a local businessman the next year, says historian Arthur Daemmrich at the Lemelson Center for the Study of Invention and Innovation. Basically, one party (the inventor or artist) grants another party (typically a company) the right to produce and sell something they created. As far as I can tell, most startup founders aren't very familiar with the concept of licensing a product onto the market. Venturing -- the traditional method of bringing a … [Read more...] about The Benefits of Licensing for Startups.

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