KUALA LUMPUR: Although previously close to securing between RM2 billion and RM3 billion worth of financing for its Lifestyle Quarter in the Tun Razak Exchange (TRX) development, TRX City Sdn Bhd and its joint-venture (JV) partner Lendlease Corp Ltd appear to be having difficulties locking down funding.
According to sources, six banks had initially pledged their support for the 17-acre (6.88ha) mixed development, including local giants Malayan Banking Bhd and CIMB Group Bhd as well as several foreign-owned banks such as HSBC Bank Malaysia Bhd and Standard Chartered Bank Malaysia.
A British court has dismissed charges brought by the Serious Fraud Office (SFO) against Barclays over its 2008 capital raising, the bank said on Monday, suspending for now the threat of regulatory sanctions on its business operations over the matter.
A European Parliament meeting on Tuesday with Facebook CEO Mark Zuckerberg will be broadcast live, parliamentary officials and the company said on Monday after controversy over plans for a closed-door hearing.
What: The BBC’s World Cup coverage trailer that depicts star players and memorable moments of past tournaments with stitched tapestry animation.
Who: BBC, BBC Creative, director Nicos Livesey, Blinkink
Why we care: First aired during Saturday’s FA Cup final in the U.K., the spot is made up of 600 separate embroidery frames, featuring such current star players as Lionel Messi, Cristiano Ronaldo, and Harry Kane, along with heroes of the past like Diego Maradona and Zinedine Zidane, plus moments like Iceland’s Viking clap. It’s a uniquely old-school approach to storytelling, with a tech-modern twist. Check out The Drum‘s story on how it was made.