ONTARIO: Acts of terrorism are harrowing and can cause extensive damage and tragic deaths, and they have been occurring with alarming frequency over the last decade. On Sep 11, 2001, Al-Qaeda executed a series of co-ordinated attacks against the United States, killing close to 3,000 people and injuring over 6,000. On Mar 11, 2004, an extremist Islamist group bombed four commuter trains in Madrid during morning rush hour, killing 191 people and injuring another 2,000. On Jul 7, 2005, Islamist suicide bombers attacked London’s public transport system, killing 52 people and injuring more than 700 others. The list goes on. READ: Blurred lines and new means - terrorism’s alarming new dimensions, a commentary From 2000 to 2016, global deaths from terrorism increased eight-fold. Seventy-seven countries experienced at least one death due to terrorism in 2016, more than any year since 2000. Scholars, governments and analysts have spent a lot of time exploring individual … [Read more...] about Commentary: The secret group dynamics that fuel horrifying terror attacks
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Match Group says US Department of Justice closes probe into FTC complaint
NEW YORK: Match Group Inc said on Thursday (Sep 3) the US Department of Justice has closed its investigation relating to a lawsuit filed by the Federal Trade Commission on the dating apps owner's business practices. The DOJ has also released the owner of Tinder and OkCupid dating apps from a grand jury subpoena issued last year, the company said. The FTC last September sued Match, alleging that it knowingly sent automated advertisements via Match.com with expressions of interest from accounts which it knew were likely fake to draw in potential subscribers. "Match Group believes that the FTC's lawsuit regarding Match.com's practices, policies, and procedures is without merit and will defend vigorously against it," the company said in a regulatory filing on Thursday. … [Read more...] about Match Group says US Department of Justice closes probe into FTC complaint
Property portal 99 Group to hire 100 tech employees in move to boost innovation in real estate market
SINGAPORE: Property portal 99 Group - which operates several brands including 99.co - intends to hire about 100 tech employees over the next 12 months, as it looks to accelerate innovation in the real estate industry, the company on Wednesday (Sep 2). The company, which also operates iproperty.com.sg and rumah123.com, said the move will boost its efforts to develop the "next wave of tech innovations" as property hunting increasingly shifts online. 99 Group is looking for people such as front- and back-end engineers, app developers, product managers, UX/UI designers and data analysts, it said. 99 Group said that COVID-19 has hastened the need for digital transformation in the property buying and selling process, noting that it has seen a surge in listings with rich contect such as videos on its platforms. READ: The Government will always be on the side of Singaporeans, says PM Lee amid job concerns The real estate industry, like many others, has taken a hit because of … [Read more...] about Property portal 99 Group to hire 100 tech employees in move to boost innovation in real estate market
UK’s Aveva Group to buy OSIsoft for US$5 billion, including debt
REUTERS: Technology company Aveva Group said on Tuesday that it reached a deal to buy OSIsoft, a privately held maker of industrial software used to manage plants and factories, for an enterprise value of US$5 billion. The British company said it would fund the deal using a combination of rights issues, cash on balance sheet and new debt, as well as issue shares to one of its selling shareholders. The deal, which is expected to close at the end of the year, is expected to add to Aveva's earnings for the financial year ending March 2022, the company said. Aveva also said its biggest shareholder Schneider Electric has committed to vote in favour of the deal and take part in the rights issue. (Reporting by Yadarisa Shabong in Bengaluru; Editing by Anil D'Silva) … [Read more...] about UK’s Aveva Group to buy OSIsoft for US$5 billion, including debt
Singapore’s Wuthelam Group to buy out Nippon Paint for S$15.6 billion
TOKYO: Singapore's Wuthelam Group will take majority control of Nippon Paint Holdings, spending 1.19 trillion yen (S$15.6 billion) to raise its stake to just under 60 per cent from 39 per cent now, the Japanese company said in a statement on Friday (Aug 21). Wuthelam will become a majority shareholder through the deal, which is one of Asia's largest cross-border transactions in 2020. Nippon Paint said they first began collaborating with Wuthelam Group in 1962 when it was appointed as its sales agent for the Asia region. This was later followed by joint ventures with the Wuthelam Group in Thailand, Malaysia, China and other Asian countries. Despite this close collaboration in a wide range of other business areas for almost 60 years, Nippon Paint said in a statement on Friday that more ambitious moves are necessary for it to enhance its financial base for future growth. The 139-year-old Japanese firm is seeking growth outside its mature domestic market, and has prioritised … [Read more...] about Singapore’s Wuthelam Group to buy out Nippon Paint for S$15.6 billion