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Armoured vehicles deployed to major Myanmar cities after mass protests

Security forces in Myanmar opened fire to disperse protesters at a power plant on Sunday and armoured vehicles rolled into major cities as the new army rulers faced a ninth day of anti-coup demonstrations that saw hundreds of thousands on the streets.

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(Reuters) – Security forces in Myanmar opened fire to disperse protesters at a power plant on Sunday and armoured vehicles rolled into major cities as the new army rulers faced a ninth day of anti-coup demonstrations that saw hundreds of thousands on the streets.

Soldiers were deployed to power plants in the northern state of Kachin, leading to a confrontation with demonstrators, some of who said they believed the army intended to cut off the electricity.

The security forces fired to disperse protesters outside one plant in Kachin’s state capital Myitkyina, footage broadcast live on Facebook showed, although it was not clear if they were using rubber bullets or live fire.

As evening fell, armoured vehicles appeared in the commercial capital of Yangon, Myitkyina and Sittwe, the capital of Rakhine state, live footage broadcast online by local media showed, the first large-scale rollout of such vehicles across the country since the Feb. 1 coup.

The government and army could not be reached for comment.

The U.S embassy in Myanmar urged American citizens to “shelter in place”, citing reports of the military movements in Yangon. It also warned there was a possibility of a telecoms interruptions overnight between 1:00 a.m. and 9:00 a.m.

As well as the mass protests across Myanmar, the country’s military rulers were faced with a strike by government workers, part of a civil disobedience movement to protest against the coup that deposed the civilian government led by Aung San Suu Kyi.

Trains in parts of the country stopped running after staff refused to go to work, local media reported, while the military deployed soldiers to power plants where they were confronted by angry crowds.

The junta ordered civil servants to go back to work, threatening action. The army has been carrying out nightly mass arrests and on Saturday gave itself sweeping powers to detain people and search private property.

But hundreds of railway workers joined demonstrations in Yangon on Sunday, even as police went to their housing compound on the outskirts of the city to order them back to work. The police were forced to leave after angry crowds gathered, according to a live broadcast by Myanmar Now.

Richard Horsey, a Myanmar-based analyst with the International Crisis Group, said the work of many government departments had effectively ground to a halt.

“This has the potential to also affect vital functions – the military can replace engineers and doctors, but not power grid controllers and central bankers,” he said.

PROTESTS ACROSS NATION

Hundreds of thousands of people protested across the nation after a fearful night as residents formed patrols and the army rolled back laws protecting freedoms.

Engineering students marched through downtown Yangon, the biggest city, wearing white and carrying placards demanding the release of ousted leader Suu Kyi, who has been in detention since the coup and charged with importing walkie-talkies.

A fleet of highway buses rolled slowly through the city with horns blaring, part of the biggest street protests in more than a decade.

A convoy of motorbikes and cars drove through the capital Naypyitaw. In the southeastern coastal town of Dawei, a band played drums as crowds marched under the hot sun. In Waimaw, in Kachin state, crowds carried flags and sang revolutionary songs.

Many of the protesters nationwide held up images of Suu Kyi.

Her detention is due to expire on Monday. Her lawyer, Khin Maung Zaw, could not be reached for comment on what was set to happen.

More than 384 people have been detained since the coup, the monitoring group Assistance Association for Political Prisoners said, in a wave of mostly nightly arrests.

“While the international community is condemning the coup, Min Aung Hlaing is using every tool he has to instigate fears and instabilities,” activist Wai Hnin Pwint Thon from the UK-based rights group Burma Campaign UK said on Twitter, referring to the military ruler.

‘STOP KIDNAPPING PEOPLE’

Residents banded together late on Saturday to patrol streets in Yangon and the country’s second-largest city Mandalay, fearing arrest raids as well as common crime.

Worries about crime rose after the junta announced on Friday it would free 23,000 prisoners, saying the move was consistent with “establishing a new democratic state with peace, development and discipline”.

Tin Myint, a Yangon resident, was among the crowds who detained a group of four people suspected of carrying out an attack in the neighbourhood.

“We think the military intends to cause violence with these criminals by infiltrating them into peaceful protests,” he said.

He cited pro-democracy demonstrations in 1988, when the military was widely accused of releasing criminals into the population to stage attacks, later citing the unrest as a justification for extending their own power.

Also late on Saturday, the army reinstated a law requiring people to report overnight visitors to their homes, allowed security forces to detain suspects and search private property without court approval, and ordered the arrest of well-known backers of mass protests.

Suu Kyi’s National League for Democracy (NLD) won a landslide victory in a November election that the army said was tainted with fraud – an accusation dismissed by the electoral commission.

Writing by Poppy McPherson; Editing by Frances Kerry and Pravin Char

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Source: https://www.reuters.com/article/us-myanmar-politics/thousands-protest-myanmar-coup-after-night-of-fear-security-patrols-idUSKBN2AE01U

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Reuters

Eco-friendly sneaker maker Allbirds aims for $2 bln valuation in U.S. IPO

Eco-friendly sneaker maker Allbirds Inc said on Monday it aims to be valued at over $2 billion in its New York IPO, joining a growing number of firms tapping into surging consumer demand and investor interest for such products.

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A sign on the entrance to the Allbirds flagship store is seen in Manhattan, New York City, U.S., September 7, 2021. REUTERS/Shannon Stapleton

Oct 25 (Reuters) – Eco-friendly sneaker maker Allbirds Inc said on Monday it aims to be valued at over $2 billion in its New York IPO, joining a growing number of firms tapping into surging consumer demand and investor interest for such products.

The company, backed by asset manager Franklin Templeton, said it is offering 19.2 million shares priced between $12 and $14 each, along with the selling stockholders. At the top end of that range, the IPO would fetch about $269 million.

As global calls grow to limit global warming and switch to more environmentally friendly ways of living, several companies have come under investor and activist pressure to contribute to the change.

Among a handful of startups that recently tapped into investor interest in such sustainable offerings were Oprah Winfrey-backed vegan milk maker Oatly Group AB (OTLY.O) and Jessica Alba’s consumer goods company Honest Co (HNST.O). read more

Founded in 2015, Allbirds is also backed by Oscar-winning actor Leonardo DiCaprio and uses wool, fiber derived from eucalyptus and other plant-based alternatives in its products. It has partnered with Adidas to create a range of sustainable sneakers, some of which have become immensely popular across Silicon Valley where the company is headquartered.

Numerous celebrities, top business executives and high-profile personalities such as Barack Obama, Ashton Kutcher and Google co-founder Larry Page have been spotted wearing Allbirds sneakers in recent years.

Allbirds, however, toned down some of its environmental references in an amended filing earlier this month. The company, which said in August it would pioneer a framework to conduct the first-ever “sustainable public equity offering”, later removed references to the claim.

In its latest filing, Allbirds said it expects net revenue to grow up to 32% to $62.5 million for the three months ended Sept. 30, due to higher sales at its physical stores.

However, higher expenses are expected to drive up net losses to about $15 million to $18 million in the quarter, from nearly $7 million a year earlier.

Morgan Stanley, J.P. Morgan and BofA Securities are the lead underwriters for the offering.

Reporting by Niket Nishant in Bengaluru; Editing by Ramakrishnan M.

Our Standards: The Thomson Reuters Trust Principles.

Founded in 2015, Allbirds is also backed by Oscar-winning actor Leonardo DiCaprio and uses wool, fiber derived from eucalyptus and other plant-based alternatives in its products. It has partnered with Adidas to create a range of sustainable sneakers, some of which have become immensely popular across Silicon Valley where the company is headquartered.

Source: https://www.reuters.com/business/retail-consumer/footwear-maker-allbirds-targets-over-2-bln-valuation-us-ipo-2021-10-25/

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Reuters

Facebook apologizes for second outage in a week, services back up

Facebook Inc apologized to users for a two hour disruption to its services on Friday and blamed another faulty configuration change for its second global outage this week.

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Silhouettes of mobile users are seen next to a screen projection of Instagram logo in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

Oct 8 (Reuters) – Facebook Inc (FB.O) apologized to users for a two hour disruption to its services on Friday and blamed another faulty configuration change for its second global outage this week.

The company confirmed its social media platform, Instagram, Messenger and Workplace were impacted by the latest outage.

“Sincere apologies to anyone who wasn’t able to access our products in the last couple of hours,” the company said. “We fixed the issue, and everything should be back to normal now.”

During the latest outage, some users were unable to load their Instagram feeds, while others were not able to send messages on Facebook Messenger.

People swiftly took to Twitter to share memes and jokes about the second service disruption this week. “Looks like Facebook went to a 3-day work week. Monday and Friday shutdowns?” a Twitter user said.

Instagram thanked users for their patience and “for all the memes this week”.

On Monday, the social media giant blamed a “faulty configuration change” for a nearly six-hour outage that prevented the company’s 3.5 billion users from accessing its social media and messaging services such as WhatsApp, Instagram and Messenger.

The outage on Monday was the largest that web monitoring group Downdetector had ever seen and blocked access to the apps for billions of users, leading to a surge in usage of rival social media and messaging apps. read more

Moscow officials said Monday’s outage showed Russia was right to develop its own social media networks, while EU antitrust chief Margrethe Vestager highlighted the repercussions of relying on just a few big players, underscoring the need for more rivals. read more

Both the outages piled pressure on Facebook this week after a former employee turned whistleblower accused the company on Sunday of repeatedly prioritizing profit over clamping down on hate speech and misinformation. read more

Reporting by Subrat Patnaik in Bengaluru and Sheila Dang in Dallas; Additional reporting by Bhargav Acharya; Editing by Shounak Dasgupta

Our Standards: The Thomson Reuters Trust Principles.

“Sincere apologies to anyone who wasn’t able to access our products in the last couple of hours,” the company said. “We fixed the issue, and everything should be back to normal now.”

Source: https://www.reuters.com/technology/instagram-feeds-not-loading-some-users-2021-10-08/

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Reuters

Chinese social media platforms to “rectify” financial self-media accounts

China’s top social media platforms, Wechat, Douyin, Sina Weibo and Kuaishou, said on Saturday they would begin to rectify irregular practices of “self-media” accounts that publish financial information, reported state media Global Times.

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WeChat app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

SHANGHAI, Aug 28 (Reuters) – China’s top social media platforms, Wechat, Douyin, Sina Weibo and Kuaishou, said on Saturday they would begin to rectify irregular practices of “self-media” accounts that publish financial information, reported state media Global Times.

This follows an announcement by China’s cyberspace regulator, the Cyberspace Administration of China (CAC), that it would look into accounts that have repeatedly released financial news illegally, distorted economic policy interpretation, badmouthed financial markets, spread rumours and disrupted network communications.

The term “self-media” is mostly used on Chinese social media to describe independently operated accounts that produce original content but are not officially registered with the authorities.

Wechat said in a statement on Saturday that from now until Oct. 26, it would investigate and shut down financial self-media accounts that “badmouth the financial market” and “blackmail and spread rumors.”

Sina Weibo, Douyin and Kuaishou also released similar statements on Saturday, reported the Global Times, with Sina Weibo and Kuaishou adding that they would severely crack down on accounts that violate the rules.

The announcements come amid a recent crackdown by Beijing on the tech sector, with the latest regulations targeting “chaotic” celebrity fan culture and algorithms that technology companies use to drive their business. read more

China is also framing rules to ban internet companies whose data poses potential security risks from listing outside the country, including in the United States. read more

Reporting by Emily Chow. Editing by Gerry Doyle

Our Standards: The Thomson Reuters Trust Principles.

The term “self-media” is mostly used on Chinese social media to describe independently operated accounts that produce original content but are not officially registered with the authorities.

Source: https://www.reuters.com/world/china/chinese-social-media-platforms-rectify-financial-self-media-accounts-2021-08-28/

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