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The US securities regulator is considering new guidance to rein in earnings growth projections made by listed blank-cheque companies, and clarify when they qualify for certain legal protections, according to sources.
The previously unreported measures being weighed by staff at the Securities and Exchange Commission (SEC) would escalate its crackdown on the deal frenzy in special purpose acquisition companies, or SPACs, which it worries is putting investors at risk.
The SPAC market had already started to lose steam after the SEC earlier this month suggested warrants issued by SPACs should be accounted for as liabilities instead of equity instruments, and the potential new guidance could compound that slowdown.
Online sales of luxury handbags, shoes and garments have boomed over the past year as the coronavirus pandemic forced retailers to temporarily close their stores.
Groups such as Facebook are keen to make a bigger push into the luxury market and social commerce , but to do so they need to show that their platforms are not a conduit for counterfeiting and are safe for brands, some of which are reluctant to sell their products through third-party players. More than one million pieces of content were removed from Facebook and Instagram in the first half of 2020, based on thousands of reports of counterfeit content from brand owners, including Gucci, the lawsuit statement said.
Travellers on the route – which attracted 15 to 20 flights a day each way before the pandemic – won t have to quarantine and there will be no restrictions on the purpose of travel.
However, if the seven-day moving average of the daily number of unlinked local Covid-19 cases is more than five for either Singapore or Hong Kong, the scheme will be suspended, Yau and Ong said. The relaunch . signifies that gradual resumption of cross-border travel is achievable through mutual collaborations among different places, said Yau.
For Hong Kong, which has banned non-residents from entering the country since March 2020, the deal with Singapore is its first bilateral resumption of travel ties with another city.
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The national holiday was marked for the first time on April 25
Musicians perform during celebrations for the national Turkmen Horse Day and the Turkmen Shepherd Dog Day near Ashgabat, Turkmenistan. Reuters
Turkmenistan s Deputy Prime Minister Serdar Berdymukhamedov, son of President Kurbanguly Berdymukhamedov, takes part in celebrations for the national Turkmen Horse Day and the Turkmen Shepherd Dog Day, near Ashgabat, Turkmenistan. Reuters
A man dressed in a national costume runs with his border guard shepherd dog Alabai during the dog day celebration in Ashgabat, Turkmenistan. The Central Asian nation of Turkmenistan has celebrated its new state holiday honouring the native dog breed. AP Photo