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Green Packet sells remaining shares in G3 Global

August 10, 2022 by www.theedgemarkets.com

- A + A KUALA LUMPUR (Aug 10): Green Packet Bhd has disposed of its remaining shares in G3 Global Bhd for RM5.78 million, the group told Bursa Malaysia in a filing. Green Packet sold the remaining amount of 115.25 million G3 Global shares, representing a 3.97% stake in the open market via direct business transaction on Wednesday (Aug 10). A day earlier, the group sold 40 million shares in G3 Global for RM2 million. The shares were the 305.25 million warrants that had been converted by Green Packet on May 19. On May 25, Green Packet held a 6.286% stake in G3 Global or 155.25 million shares. Shares in Green Packet closed down half a sen or 9.09% to five sen, valuing it at RM73.48 million. Meanwhile, G3 Global — the most active counter on Wednesday — dropped 12% or half a sen to 3.5 sen with 129.19 million shares changing hands. … [Read more...] about Green Packet sells remaining shares in G3 Global

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Editor Daily Rundown: Donald Trump to Be Deposed Wednesday by New York Attorney General

August 10, 2022 by dailycaller.com

Donald Trump to Be Deposed Wednesday by New York Attorney General … WSJ Donald Trump is set to be deposed Wednesday by the New York attorney general’s office in its civil-fraud investigation into the financial dealings of the former president and his company. “In New York City tonight,” Mr. Trump wrote on his social-media platform, Truth Social, just after midnight. “Seeing racist N.Y.S. Attorney General tomorrow, for a continuation of the greatest Witch Hunt in U.S. history! My great company, and myself, are being attacked from all sides. Banana Republic!” A spokeswoman for New York Attorney General Letitia James declined to comment. A lawyer for Mr. Trump didn’t respond to a request for comment. Police exodus ‘crisis’: Officers are ditching the job at a rate ‘never seen before’ … FOX NEWS Law enforcement officers are leaving their jobs “at a rate we’ve never seen before,” with some departments seeing decreases by as many as hundreds of members compared to the … [Read more...] about Editor Daily Rundown: Donald Trump to Be Deposed Wednesday by New York Attorney General

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Coinbase disappoints with user forecast, revenue miss

August 10, 2022 by www.theedgemarkets.com

- A + A PORTLAND/NEW YORK (Aug 10): Coinbase Global Inc has posted a record US$1.1 billion (RM4.9 billion) second-quarter loss and lower-than-expected revenue as the largest US cryptocurrency exchange was battered by tumbling digital-asset prices. Shares of the company, which were first listed last April, dropped about 6% in US pre–market trading. Coinbase has slumped 65% so far this year amid what has been labelled as the latest "crypto winter". Revenue declined by more than 60% to US$808.3 million, missing the US$854.8 million estimate from analysts polled by Bloomberg . Monthly transacting users dropped to nine million in the second quarter, a 2% decline from prior quarter. Trading volume also missed estimates, with bitcoin's share of trading volume rising to 31% from 24%. Total assets on platform plunged 63% to US$96 billion. "The current downturn came fast and furious," the company said in a shareholder letter, adding that soft crypto market conditions are … [Read more...] about Coinbase disappoints with user forecast, revenue miss

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MACC officer: I only investigated Zahid in UKSB bribe probe

August 10, 2022 by www.theedgemarkets.com

Zahid is facing 33 charges of receiving S$13.56 million (RM42 million) in bribes from UKSB as an inducement. (Photo by Patrick Goh/The Edge) - A + A SHAH ALAM (Aug 10): Malaysian Anti-Corruption Commission (MACC) investigating officer Mahendran Vrejenan told the High Court here that when he began investigating Datuk Seri Dr Ahmad Zahid Hamidi on suspicion of receiving bribes from Ultra Kirana Sdn Bhd (UKSB), he omitted other ministers also alleged to have received bribes from the company as he was only tasked with probing Zahid. Mahendran was responding to questions posed by both the prosecution and the defence over the names of politicians in a ledger kept by a former UKSB manager as a record of whom he paid bribes to. Testifying at Zahid's corruption trial, Mahendran told the court that while the names of a number of politicians and ministers had appeared in the ledger, he did not concern himself with them as his main task was to investigate Zahid and the … [Read more...] about MACC officer: I only investigated Zahid in UKSB bribe probe

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Ranhill Utilities gets four-year PPA extension for [email protected] project

August 10, 2022 by www.theedgemarkets.com

- A + A KUALA LUMPUR (Aug 10): Ranhill Utilities Bhd has obtained a four-year extension of a power purchase agreement (PPA) to develop a 50 MW large scale solar plant under large scale solar phase [email protected] ( [email protected] ) in Perak. In a bourse filing, the water supply company via its wholly-owned unit Ranhill Solar I Sdn Bhd (RSI) said it had received a notification letter from the Energy Commission (EC) on the four-year extension agreement. This confirms a report by The Edge on August 2, which stated that LSS4 project owners have their power purchase agreements (PPAs) extended by four years to 25 years from 21 previously, citing sources. The four-year extension for LSS4 winning bidders appears to be a concession the EC is making in consideration of how the viability of certain projects have been affected, following a 30%-50% jump in solar panel prices — compared to when they submitted their bids in 2020, the report said. In the … [Read more...] about Ranhill Utilities gets four-year PPA extension for [email protected] project

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Small nuclear reactors finally get the nod from regulators, but they still have a lot to prove

August 10, 2022 by www.fastcompany.com

Congress is finally moving this week on the Inflation Reduction Act , a bill that could drive a 40% reduction in carbon emissions over the next decade. But another government arm, the Nuclear Regulatory Commission, made its own (far quieter) news this month when it gave final certification to a new kind of nuclear reactor called a small modular reactor (SMR). While the announcement received basically no fanfare, proponents say it could play an important role in decarbonizing the world’s energy supply. advertisement advertisement The agency first performed a safety review of reactor company NuScale Power’s SMR design in 2020. A year later, the NRC completed its standard rulemaking process, which included a review of public comments. On August 2, the commission issued a final approval for the SMR, though NuScale says it’s unlikely to become operational until 2029. Technically, nuclear power is capable of delivering large amounts of emissions-free … [Read more...] about Small nuclear reactors finally get the nod from regulators, but they still have a lot to prove

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Burger King blank receipts: What’s behind the mysterious ‘nothing burger’ emails?

August 9, 2022 by www.fastcompany.com

If you received an email from Burger King containing a blank receipt for an order you never placed, you’re not alone. Thousands of people have taken to social media to report the ghost receipts. Here’s what you need to know: advertisement What’s happening? People began receiving emails containing what appeared to be a blank Burger King receipt for an order they never placed. The emails began arriving in people’s inboxes in the early-morning hours of Tuesday, August 9. What do the Burger King emails say? The emails contain a typical Burger King receipt. It says “Thanks for ordering from Burger King!” followed by a message saying where the recipient’s Burger King order can be picked up, though the location is blank. The email also doesn’t show other critical information like the order number or cost of the order. What email address does the Burger King email come from? According to screenshots on Twitter, the email appears to come from the address … [Read more...] about Burger King blank receipts: What’s behind the mysterious ‘nothing burger’ emails?

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These sites and apps will help you find a late-summer beach read

August 8, 2022 by www.fastcompany.com

This article is republished with permission from Wonder Tools, a newsletter that helps you discover the most useful sites and apps . Subscribe here . advertisement Books provide a welcome alternative to the onslaught of negative news and hot takes. Read on for some free sites and apps I recommend for finding and enjoying books this summer, whether you prefer paper or digital. Use a digital library Libby is the most useful library app. It’s an update of the old OverDrive, now used by libraries in 78 countries and 90% of those in the U.S. I rely on the app to check out free e-books for my Kindle and the Kindle app on my phone. The Libby app also offers its own e-reader, so you can check out digital books and read them within the same app. Features: As with a Kindle, you can click on a word in Libby’s e-reader to get its definition, or to see where else in the book a name or phrase appears. You can highlight passages you want to return to or share. … [Read more...] about These sites and apps will help you find a late-summer beach read

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Crypto markets have hit the floor, says JP Morgan

August 9, 2022 by www.moneycontrol.com

Even as Bitcoin fell as much as 75 percent from its all-time high in November last year, crypto prices, notably those of Bitcoin and Ethereum have rebounded considerably in July (Image: Shutterstock) Anticipation over the Merge, a much-awaited upgrade to the Ethereum (ETH) network, is the main driver behind a rally in cryptocurrencies over the last few weeks, financial services firm JP Morgan said, and claimed the market had hit the floor despite subdued trading volumes. Even as the world’s largest digital currency Bitcoin (BTC) fell as much as 75 percent from its all-time high in November last year, crypto prices, notably those of BTC and ETH have rebounded considerably in July, gaining 36 percent and 102 percent, respectively, from their mid-June lows. With BTC crossing the psychologically important level of $24,000, the crypto market has reclaimed the $1 trillion level in market value, led by a rise in the prices of blue-chip tokens. Limited contagion from Terra … [Read more...] about Crypto markets have hit the floor, says JP Morgan

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MC Exclusive | NMC seeks accreditation for global recognition of India’s medical colleges

August 3, 2022 by www.moneycontrol.com

Representative image India’s medical education regulator has now applied for recognition by the World Medical Education Federation (WMFE), failing which Indian medical graduates will not be eligible to appear for the United States Medical Licentiate Examination (USMLE) for postgraduate training. Starting 2024, individuals applying for the Education Commission for Foreign Medical Graduates (ECFMG) certification must be a student or graduate of a medical school that is accredited by a regulatory agency duly recognised by the WMFE. WMFE is an international organisation working to improve the quality of medical training and it operates in partnership with the World Health Organisation and the World Medical Association. “We have extended our application for WMFE recognition with details such as how we offer affiliation to medical colleges in India and the plans to strengthen the accreditation process further in order to improve the quality of medical training,” said a senior … [Read more...] about MC Exclusive | NMC seeks accreditation for global recognition of India’s medical colleges

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