The Hoboken, N.J.-based company, which has no revenues and is destined to lose money for years,?has already raised 5 million in capital. Now, it’s?in talks with investors to raise hundreds?of millions by year end, that could increase the retailer’s valuation to billion from 0 million, reports the WSJ.
The French winery in Bordeaux, Chateau Guiraud brings its annual dinner celebration for Mid-Autumn Festival to Beijing during this year's holiday. [Photo provided to China Daily]
The Grand Canal of Zaozhuang section in Shandong province is beautifully illuminated by a set of lanterns themed on "prosperity brought by the dragon and the phoenix" in the Taierzhuang ancient town scenic area. [Photo/WeChat account: Taierzhuang ancient town]
The Global Association of Central Counterparties, known as CCP12, published its white paper on "Incentives for Central Clearing and the Evolution of OTC Derivatives - A CCP12 Report" in Frankfurt, Germany on Monday, in an effort to further the industry adopting the best clearing and risk management practices.
The Fed last week kept its benchmark interest rate unchanged at the record-low level of near zero and signaled to maintain this target range until at least 2023, noting that the path of the economy will depend significantly on the course of the coronavirus.
The Hong Kong government on Wednesday proposed, in a document to the Legislative Council, to have new civil servants joining the service after July 1 declare to uphold the Basic Law and pledge allegiance to the SAR, stating this is in line with a requirement under the national security law for Hong Kong.
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The Hong Kong International Film Festival will schedule some screenings after cinemas reopen on Friday, but the film industry will need at least three to four years to recover from the COVID-19 pandemic, said Albert Lee, executive director of the organizing body of Asia’s oldest international film festival, which began in 1977. Lee spoke Thursday on a webinar organized by China Daily.
The FedEx stand attracts visitors during the recent China International Import Expo in Shanghai. [Photo/Xinhua]
The Global Environment Facility project will seek to improve institutional capacity by focusing on two priority areas at national level: the promotion of a multimodal freight transportation system, and the optimization of urban freight distribution, according to the World Bank.
The Guardian reported that possible remedies to address the CMA's concerns around media plurality might include Sky News being spun off, or being insulated from potential influence from the Murdoch family.