News 

China Tries to Steer Loans to Small Businesses

“Delaying the start of the rule this time gives banks time to increase their lending to small businesses so they can qualify for the new reserve ratios” writes Keith Bradsher for nytimes.com. Zhu Ning, a prominent economist at Tsinghua University, said that the central bank was trying to ease credit for the smallest-scale borrowers without setting off more wasteful lending.The central bank said it would cut the ratio only for banks that meet minimums for lending to small businesses or other borrowers that it called “inclusive finance.” The new category…

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News Platforms 

Google Investigating Russia’s Use Of Platform During US Election, Will Meet Lawmakers

“Facebook has reportedly shared some information about the Russian accounts it discovered on its platform with Google and other tech firms” reports ibtimes.com. After Facebook and Twitter briefed Congress and Senate lawmakers about its investigations over Russia’s use of its platform to meddle with the U.S. election, Google is now investigating whether Russian-linked agents used its sites to do the same, according to Recode.The search engine company has been asked to join Facebook and Twitter at two future hearings with U.S. lawmakers.Google is investigating the extent to which Russian actors spread…

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News 

Colorado’s governor bets legislators can fix spending law

“That ability was inadvertently removed when legislators eliminated a 2.9 percent general state sales tax on pot in the law that took effect July 1” reports foxbusiness.com. The law raised a special sales tax on recreational marijuana from 10 percent to 15 percent.But that doesn’t affect the handful of quasi-governmental special districts that lost pot sales tax revenue.”This is not an emergency, nor does it warrant a special session costing taxpayers,” Sonnenberg tweeted. Source: foxbusiness.com Share This:

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News Stocks 

Cher Sues Biopharma Company for Alleged Duping Her into Selling Valuable Stocks: Reports

“According to TMZ, the company found success with their new breakthrough and stock prices went up shortly after Cher sold her shares” writes Char Adams for people.com. Music icon Cher is reportedly suing a Los Angeles billionaire and others, claiming that they tricked her into selling her shares of a biopharmaceutical company Altor just before the business hit it big.Cher is suing Patrick Soon-Shiong, who acquired Altor’s outstanding shares, along with Altor, company cofounder Hing C. Wong and boardmember Fred Middleton for damages and legal fees, the Los Angeles Times reports.Now,…

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GBP News 

British company made arms deal with South Sudan, Amnesty claims

“The Department for International Trade is investigating whether the deal, which has been brought to light by Amnesty International, constitutes a breach of British arms export controls” writes Ben Quinn for theguardian.com. Weapons exported to South Sudan in a deal allegedly brokered by a British company could be used against UK troops who have been deployed to the war-torn country as part of a UN mission, Amnesty International has warned.In response to Amnesty’s claims, S-Profit’s director denied that the company has supplied military product to South Sudan but was silent…

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News 

‘Passengers being barred from new compensation offer’

“However, as Ryanair customers digested the announcement, there was anger from those who had already accepted refunds” writes Ben Quinn for theguardian.com. Ryanair was facing a fresh backlash on Saturday as customers complained they had been told they were ineligible for an improved compensation offer for cancelled flights.Ryanair’s offer to passengers has several conditions, including assessing the cost of flights on other airlines “on a case-by-case basis” before bookings are made.Among those affected by more than 20,000 flight cancellations, travellers who had initially opted for a refund on the cost…

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