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Uber and Lyft’s IPOs will trigger competition at Google; hedge funds cut stock-pickers; hot marijuana IPOs

“A $72 billion Canadian investor is poised to start making venture-capital bets in Silicon Valley A huge Canadian pension fund is plotting to expand into Silicon Valley, seeking to place bets on hot US tech startups” writes Olivia Oran for businessinsider.com. They can also serve as an alternative funding avenue for a startup rather than traditional methods like venture capital. Source: businessinsider.com

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University of Liverpool apologises to Chinese students for exam cheating warning

“In August, Universities UK International said that more than 95,000 Chinese students studied at British universities in the 2016-2017 academic year, accounting for more than one-fifth of all international students and making China the top source of overseas students” writes Mandy Zuo for businessinsider.sg. And [sending the email] to all international students?” But others said Chinese students overseas had been frequently criticised for cheating. “Respect doesn’t come from nothing. Source: businessinsider.sg

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News Oil 

Petrobras board nominee fined in 2016 for insider trading: documents

“Nominee John Forman was fined 338,500 reais ($91,540) by the CVM in 2016 for insider trading, according to the ruling documents seen by Reuters” reports businessinsider.com. The disclosure raises tough questions for new far-right President Jair Bolsonaro and Petrobras Chief Executive Roberto Castello Branco, who have vowed to end years of graft involving the oil company and Brazil’s political class.RIO DE JANEIRO (Reuters) – One of three new board members nominated by Brazil’s government to sit on the board of state-run oil company Petroleo Brasileiro SA was fined in 2016…

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MoviePass posted an HR job listing following months of turmoil and employee allegations of inappropriate behavior

“MoviePass was not immediately available to comment about the job listing to Business Insider” writes Jason Guerrasio for businessinsider.com. The job listing went up on the same day Business Insider posted excerpts of a 704-word resignation letter by a former MoviePass product manager, Eric Jeng.On Friday, the movie-ticket subscription startup posted a job listing for a “HR Generalist” which would, according to the job description, “partner with Management team to champion our culture and values.”.  Source: businessinsider.com

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CIMB is giving employees who are first-time moms 6 months of paid maternity leave

“CIMB Group Holdings Bhd is giving employees in Malaysia who are first-time mothers a full six months of paid maternity leave, starting from Jan 1 this year” writes Jessica Lin for businessinsider.sg. Under CIMB’s Staff Rejuvenation Programme, employees can also take up to six months of additional unpaid leave. He added that the group is exploring the possibility of extending this benefit to employees group-wide.According to New Straits Times, eligible employees will be able to start using this leave entitlement as early as 30 days prior to their estimated delivery…

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A MoviePass product manager resigned and blasted its leadership in a scathing letter emailed to all staff

“However, four current and former MoviePass employees told Business Insider they believed Jeng was referring to Ellis” writes Jason Guerrasio for businessinsider.com. Ellis is good friends with Ted Farnsworth, CEO of MoviePass parent company Helios and Matheson Analytics (HMNY), according to three sources.It sends an incredibly selfish message to MoviePass employees that members of management are living lavishly and seemingly carefree, with no concern for the company or its employees.”.  Source: businessinsider.com

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Crabtree and Evelyn to shut all but one store globally in move to online-only business

“Crabtree and Evelyn, founded in the United States in 1972, is currently owned by Hong Kong investment holding company Nan Hai Corporation” writes Tiffany Fumiko Tay for businessinsider.sg. They are moving towards an online business, but their logistics handling is a mess,” said Ms Tan, 42.Bath and body products retailer Crabtree and Evelyn will be shutting its 12 stores here in the coming months as it moves its operations online, with some outlets already emptied of goods. Source: businessinsider.sg

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News Stocks 

German prosecutor drops insider trading probe against Deutsche Boerse ex-CEO

“FILE PHOTO: Kengeter, CEO of Deutsche Boerse attends the initial public offering of Scale at the Frankfurt stock exchange in Frankfurt, Thomson Reuters FRANKFURT (Reuters) – The Frankfurt prosecutor on Wednesday said it has dropped a probe against Deutsche Boerse’s former Chief Executive Carsten Kengeter who was being investigated for suspected insider trading” reports businessinsider.com. The Frankfurt prosecutor’s office said the probe had been dropped in exchange for a 250,000 euros ($284,150.00) charitable donation, and a further 4.5 million euros payment. Last month Deutsche Boerse said it would pay a…

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A psychotherapist says there are 3 common reasons so many people’s New Year’s resolutions end in failure

“Here’s what he said: One of the biggest reasons people fail to keep their New Year’s resolutions is because they’re not specific enough, Alpert told Business Insider” writes Mark Abadi for businessinsider.com. “It’s easier to drop out or walk away when you set goals or resolutions that are vague,” Alpert told Business Insider.Business Insider spoke with psychotherapist Jonathan Alpert, author of “Be Fearless: Change Your Life in 28 Days,” who broke down three of the biggest reasons people fail to complete their resolutions each year.New Year’s resolutions usually don’t last…

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