Facebook drops 'likes' button from public pages
NEW YORK (REUTERS) – Facebook has dropped the “likes” button from its redesigned public pages used by artists, public figures and brands, the social media company said on Wednesday (Jan 6).
Facebook Pages will only show followers and have a dedicated News Feed where users can join conversations, interact with peers and engage with fans, the company said in a blog post.
“We are removing Likes and focusing on Followers to simplify the way people connect with their favourite Pages,” Facebook said about the redesign.
Trump administration dials up US-China tech tensions
London (CNN Business)The New York Stock Exchange will delist three Chinese telecommunications stocks to comply with an executive order from the Trump administration — its second about-face on the issue this week.
The exchange said Wednesday that it would end trading of shares in China Mobile (CHL), China Telecom (CHA) and China Unicom (CHU) on Jan. 11. The decision comes after President Donald Trump banned Americans late last year from investing in firms that the US government suspects are either owned or controlled by the Chinese military.
The NYSE has now abruptly changed its position on the issue twice, sowing confusion among investors and whipsawing the companies’ stocks.
The exchange first announced last week that it would bar shares of China Mobile, China Telecom and China Unicom. But it reversed course on Monday, citing “further consultation with relevant regulatory authorities.”
By Wednesday, the exchange had reverted to its original position, citing “new specific guidance” from the US Treasury Department that was delivered on Tuesday.
— This story will be updated.
FM reviews NIP as part of infra spending push
Pipeline expanded to 7,300 projects
Finance and Corporate Affairs Minister Minister Nirmala Sitharaman on Wednesday reviewed the progress of the National Infrastructure Pipeline (NIP) as the government seeks to accelerate infrastructure spending in the economy.
The NIP has been expanded from 6,385 projects at the time of its introduction a year ago, to more than 7,300 projects, and is making progress despite the pandemic, the government said in a statement.
“The NIP is a part of the Government of India’s initiative to provide world-class infrastructure to its citizens and enhance the ease of living,” Ms. Sitharaman said, urging Ministries to promote investible projects by holding discussions with prospective investors. The Minister reviewed progress of the NIP, with a specific focus on 34 water and health-related infrastructure projects worth ₹3.6 lakh crore.
SEBI to allow new players to set up stock exchanges
Floats discussion paper on MIIs
The Securities and Exchange Board of India (SEBI) has floated a discussion paper on review of ownership and governance norms to facilitate new entrants to set up stock exchanges and depositories, otherwise called as market infrastructure institutions (MIIs).
As per the key proposals, a resident promoter setting up an MII may hold up to 100% shareholding, which will be brought down to not more than (either 51% or 26%) in 10 years.
A foreign promoter from Financial Action Task Force FATF member jurisdictions setting up an MII may hold up to 49% shareholding, which shall be brought down to not more than (either 26% or 15%) in 10 years.
Foreign individuals or entities from other than FATF member jurisdictions may acquire or hold up to 10% in an MII.
Any person other than the promoter may acquire or hold less than 25% shareholding.
At least 50% of ownership of the MII may be represented by individuals or entities with experience of five years or more in the areas of capital markets or technology related to financial services.
Herald morning quiz: January 7
Test your brains with the Herald’s morning quiz. Be sure to check back on nzherald.co.nz at 3pm for the afternoon quiz.
To challenge yourself with more quizzes, CLICK HERE.
TalentWorks Veteran Marion Campbell Kammer Joins Buchwald
EXCLUSIVE: Respected talent agent Marion Campbell Kammer has left TalentWorks after a 16-year run and has joined Buchwald.
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U.K. Reports 1,041 New Virus Deaths, Most Since Late April
The U.K. reported its deadliest day since late April, with 1,041 new coronavirus deaths within 28 days of a positive test on Wednesday.
A further 62,322 positive coronavirus cases were also reported on the government’sdashboard, higher than a 7-day average of 55,945 and the most since the pandemic began.
The data indicates the country’s current outbreak of the disease is as bad, if not worse, than its first outbreak during the spring of 2020.
More than 30,000 people are in hospital with coronavirus as of January 4, significantly higher than the peak during the first outbreak. Although the number of people on mechanical ventilation beds is lower than the April peak.
The government is currently racing to roll out amass vaccination program to control a more infectious strain of the virus, and eventually ease its current nationwide lockdown, which has closed schools and non-essential businesses.
The U.K.’s daily figure of coronavirus deaths refer to the number of deaths reported that day, not the day that they occur. In the days following a weekend or a bank holiday, the reported figures are often inflated as a backlog of deaths are processed.