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Reuters reveals China drafting rules to ease property developers’ use of escrow funds; markets react – Reuters News Agency

Business & Finance19 January 2022, 4:58 pm. 1 minute Chinese property developers’ shares and bonds extended gains after Reuters revealed that China is drafting nationwide rules to make it easier for property developers to access pre-sale funds held in escrow accounts in its latest move to ease a severe cash crunch in the embattled sector. Sources told Reuters that the new rules would help developers meet debt obligations and pay suppliers and finance operations by letting them use the…

Smart Headlights Are Finally on Their Way

I am driving in the California hills high above Malibu, in a deep-blue electric Audi E-tron, and I turn onto a pitch-black winding road. Instinctively, I reach to turn on the high beams. But before I have a chance to do so, the low beams automatically rise and spread out like a hand fan, filling the entire roadway with light and projecting it far into the distance.A few seconds later, the headlights of an approaching vehicle set my headlights in motion; the high beams angle down as the light continually shape-shifts,…

C.E.O.s Were Our Heroes, at Least According to Them

He frequently tells the story of his supposed inspiration for founding Salesforce. Despite success at Oracle, where he worked early in his career, Mr. Benioff was plagued by existential doubt, prompting him to take a sabbatical to southern India. There, he visited a woman known as “the hugging saint,” who urged him to share his prosperity.From the incorporation of Salesforce in 1999, Mr. Benioff pledged that he would devote 1 percent of its equity and product to philanthropic undertakings, while encouraging employees to…

Elizabeth Holmes is set to be sentenced on Sept. 26.

Elizabeth Holmes, the Silicon Valley start-up founder convicted of fraud this month, will be sentenced on Sept. 26, according to a court filing on Wednesday.Ms. Holmes, who was found guilty on three counts of wire fraud and one count of conspiracy to commit wire fraud, faces a maximum sentence of 20 years in prison for each count. She is expected to appeal the verdict, and the court ordered any “post-trial motions” to be filed by March 4.The length of time before the sentencing will allow prosecutors to handle a trial…