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Jho Low’s empty $39mn Los Angeles mansion to be sold

Bloomberg US prosecutors and representatives of fugitive Malaysian financier Low Taek Jho want to sell a $39 million mansion in Los Angeles he bought in 2012 with money allegedly stolen from the state-owned 1MDB investment fund. The empty mansion above the trendy Sunset Strip is falling into further disrepair by the day and is costing $690,000 a year in taxes, ...

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SoftBank considers IPO for $100bn Vision Fund

Bloomberg A handful of executives at SoftBank Group Corp are weighing the idea of an initial public offering for its Vision Fund, the $100 billion behemoth that has invested in technology companies ranging from Uber Technologies Inc to WeWork Cos. The idea is early stage, said a person familiar with the situation who asked not to be identified because it ...

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10m North Koreans face food shortages

Bloomberg About 10 million North Koreans — 40 percent of the population — are in urgent need of food assistance after heat and drought crippled last year’s harvest, according to the UN. The country collected about 4.9 million tonnes of food crops last year, the least in a decade, after a prolonged dry spell and limited agricultural inputs cut yields, ...

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