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Singapore scion buys 49 percent stake in Rolling Stone

Music and pop culture magazine Rolling Stone was founded in 1967A Singapore firm headed by a scion of one of Asia's richest families has bought a 49 percent stake in Rolling Stone, with plans to diversify the iconic magazine into new business including live events and merchandising. BandLab Technologies, a music and technology start-up headed by 28-year-old Kuok Meng Ru, bought the stake for an undisclosed sum and will partner current owners Wenner Media, the firms said in a statement late Sunday. Rolling Stone International, a new subsidiary to be headed by Kuok, will organise events including concerts, and develop merchandising and hospitality services, Bloomberg News reported.



Turkish markets hit by Moody's rating downgrade

LONDON (AP) — Turkey's stock markets and currency have fallen sharply after the country's credit rating was downgraded into junk status by Moody's.
Nigeria military: 8 soldiers killed in attacks by extremists

MAIDUGURI, Nigeria (AP) — Islamic extremists have killed eight soldiers and wounded 17 in two attacks in northeastern Nigeria, the country's military said Monday.
Ex-IMF boss Rato on trial over bankers' luxury sprees

Former IMF chief Rodrigo Rato (left) arrives at the Spanish courthouse in San Fernando de Henares for his trial over alleged misuse of bank funds, on September 26, 2016Former IMF chief Rodrigo Rato went on trial Monday accused of overseeing a "corrupt system" that helped him and other executives misuse funds when he was the boss of two of Spain's top banks. Protesters shouted "thief" and "fraud" at the former economy minister and deputy prime minister as he arrived at the courthouse outside Madrid. Rato is standing trial with 64 other former executives and board members at Caja Madrid and Bankia, whose near-collapse sparked an EU bailout of Spain's financial sector.



Kremlin worried 'terrorists' regrouping for attacks in Syria

MOSCOW (Reuters) - The Kremlin said on Monday it was gravely concerned by the situation in Syria where "terrorists" were using a ceasefire to regroup their forces and wage offensives against government troops. Kremlin spokesman Dmitry Peskov told a conference call with reporters that tough rhetoric used by British and U.S. envoys to the United Nations may damage the possibility of solving the Syria crisis and hurt bilateral relations with Russia. Russia still hopes for a political process in Syria and is not losing hope and political will, he said. (Reporting by Dmitry Solovyov)


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