Facebook loses 56 billion in value amid boycott

Japan may stop assistance projects to Myanmar in response to the military coup, which has received major international backlash. As a major donor to Myanmar, Japan joins other advanced nations in condemning the coup which has seen security forces using violence against peaceful protesters.

Foreign Minister Toshimitsu Motegi was quoted as saying in a phone call that “Japan will strongly urge the Myanmar military to release Suu Kyi and other detained individuals, and to swiftly restore democratic government.”

But it may not impose sanctions like the rest of the other developed countries as its longtime ties with the armed forces, ousted civilian leader Aung San Suu Kyi’s party, the National League for Democracy and investment promoting policy in the country may serve as a barrier in doing so. Britan and the United States have imposed sanctions in recent days which include the US freezing military funds.

A Japanese Foreign Ministry official says stopping its support of building projects would give China a chance to move in, increasing its clout in Myanmar. Around 450 Japanese companies operate in Myanmar with Japan being the 5th largest investor in the Southeast nation. Singapore has the most companies, followed by China, Hong Kong and Vietnam.

The Foreign Ministry says Japan spent about US $1.8 billion in official development assistance in the fiscal year of 2019, making it the largest among the Development Assistance Committee of the Organization for Economic Cooperation and Development. But it is unknown what China has poured into it as it has refused to disclose its expenditures.

The Japanese government plans to continue coronavirus emergency assistance to Myanmar through international organisations and non-governmental organisations. The World Bank, however, has stopped payments to projects in the nation indefinitely, after the coup on February 1, which disrupted the democratic elections last November and saw the arrest of top leaders including Aung San Suu Kyi, whose party, the National League for Democracy, won the elections in a landslide victory.

SOURCE: Bangkok Post

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In a landmark decision, Australia is now requiring global digital giants, such as Facebook and Google, to pay for using local news content on their websites. The move sets a precedent that many global companies have been anticipating.

The law passed yesterday after Facebook and Google reached an agreement to pay local Australian news organisations for using their stories on their websites. 1 week ago, Australians woke up to a blackout after Facebook temporarily banned local news, which included emergency notifications. The blackout was in response to the legislation being put forth for approval, with Facebook spokespeople saying it seemed to be their only choice at the time.

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Who knew that finding 2 french bulldogs would earn US $500,000? That is the case for the lucky person that finds Lady Gaga’s equally lucky stolen dogs. The dogs, Koji and Gustav, were stolen in Los Angeles, California while out on a walk with their dog walker.

But that’s not all. The employee in charge of keeping the dogs healthy was shot and wounded by a gunman who left the scene in a car, but not before allegedly shooting another man in this 30s. That man was hospitalised according to LA police.

Asia, Gaga’s 3rd dog was luckily found by police at the scene and was taken home by the singer’s staff. It isn’t clear if the frenchies were targeted due to their owner’s famous status or if they were taken simply because they were an expensive pedigree breed that can be sold for thousands of dollars.

Gaga, however, has offered the hefty reward for their return with “no questions asked.”

SOURCE: CNN

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