The Saudi public fund would join existing owners including Qatar, which holds 20 per cent, and smaller investors including Singapore’s GIC sovereign wealth fund, which has an 11.2 per cent stake.
FCA announces sustainability disclosure requirements (SDR) policy
New sustainability disclosure requirements (SDR) and a fund labelling regime for asset managers have been confirmed by the UK’s Financial Conduct Authority (FCA), with the measures due to take effect in 2024.
TikTok faces Singapore civil lawsuit from K Shanmugam over ‘false, baseless’ claims of extramarital affair
Singapore’s Law and Home Affairs Minister K Shanmugam has launched a civil lawsuit against social media giant TikTok requiring they identify three users who, he said, spread false allegations of an extramarital affair.
127 Malaysians, suspected to be scam victims, rescued from Myanmar fighting, along with Indonesian, Hongkonger
Malaysia’s foreign ministry said the group were stranded in Laukkaing, a town known as a notorious hub for major organised crimes. An Indonesian and a Hongkonger were also evacuated.
Security policy supports shift to cloud in the UAE
The national cloud security policy adopted in the UAE can serve as “a detailed checklist” for businesses seeking to take advantage of new technologies made available by cloud service providers (CSPs), a Dubai-based expert in technology and cybersecurity law has said.
New Zealand’s bid to repeal tobacco ban a blow to global anti-smoking efforts: critics
The measures would have banned selling tobacco to anyone born after January1, 2009, reduced the amount of nicotine allowed in products and cut the number of retailers able to sell tobacco by over 90 per cent.
FTSE 100 increase tax disputes provisions as HMRC pressure increases
The UK’s largest companies have substantially increased their provisions for unpaid tax in the wake of more aggressive action by authorities.
Israel-Gaza war: Muslim group takes credit for Thai hostages’ release after Hamas talks
The president of the Thai-Iran Alumni Association, who travelled to Iran to speak with Hamas representatives in October, said he considered his mission ‘accomplished’.
In Asia, organ donors are ‘overwhelmingly’ women and transplants go mainly to men: study
The findings from a new study in India add to a body of evidence on organ donations that illustrates the life-and-death impact of gender inequality.
Ethnic minority Myanmar armed group seizes lucrative China-Myanmar border crossing
An armed group in Myanmar has seized control from the country’s ruling junta of the Kyin San Kyawt border gate, a lucrative border crossing to China, a local media outlet said.
