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Miley Cyrus flashes her "boobies" to help her boyfriend Cody Simpson sing better. A few weeks ago, Cody hit the headlines when he was seen getting close to other women, which some eyewitnesses claimed was "flirting", while out in public. However, he later described the accusations as "stupid" - insisting he's committed to the 'The Climb' hitmaker - and claimed him and Miley are happy together.
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A spokesman for Canada's public safety minister confirmed the taxpayer had been picking up some of the bill since November.
- Finance Bloomberg
(Bloomberg) -- Unqork, a New York-based software company, raised an additional $51 million from backers including Goldman Sachs Group Inc. to accelerate a global expansion and move into new industries beyond insurance and financial services.The two-year-old startup is an application platform that doesn’t require any coding, allowing big companies, such as Liberty Mutual, John Hancock Life Insurance Co. and Manulife Financial Corp., to create custom software quicker and cheaper than the traditional way. Unqork’s no-code app platform allows developers to build visually, by dragging and dropping components on the screen.“Anything a Java developer or engineer can build using custom code, we can do it 200 times faster,” said Gary Hoberman, founder and chief executive officer, in an interview.The latest cash infusion from Goldman, and new investors Aquiline and World Innovation Lab, adds to the $80 million Unqork raised in October, led by CapitalG, Alphabet Inc’s growth equity investment fund. That brings the total raised in the latest funding round to $131 million. Unqork has raised $158 million to date.The cash influx will help the company expand its sales and marketing teams in the U.S. and abroad and develop partnerships with service firms like Cognizant Technology Solutions Corp., Deloitte LLP and KPMG LLP.(Updates with total funds raised in penultimate paragraph.)To contact the reporter on this story: Nikitha Sattiraju in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Molly Schuetz at email@example.com, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- News Bang Showbiz NZ
Jennifer Lopez and Shakira's Super Bowl halftime show attracted over 1,000 complaints, with one branding the performance "borderline pornography".The two singers entertained the crowds during the flagship NFL game at the Hard Rock Stadium in Miami, Florida earlier this month but it seems not all of the millions watching on TV were impressed as the Federal Communications Commission (FCC) - a government agency which regulates television - received 1,312 complaints.According to TMZ, one disgruntled viewer wrote: "The halftime show last night was beyond inappropriate. ...
- News Bang Showbiz NZ
Kim Kardashian West was warned meeting US President Donald Trump would "ruin" her career. The 39-year-old reality TV star lobbied the President for prison reform and urged him to grant clemency to Alice Marie Johnson - who spent 21 years in prison before being released in 2018 - and Kim has now revealed she was repeatedly cautioned against going to the White House. Kim - who reached out to Ivanka Trump and then the US President - was warned she risked destroying her successful career by going to Washington to visit the billionaire businessman.
- Finance Bloomberg
(Bloomberg) -- The coronavirus hit has exposed the extraordinary depth of Australia’s economic dependence on China and fueled questions over whether the nation is too reliant on the Asian behemoth.That dependence is on display in the Western Australian coastal town of Geraldton, where an ocean “dragon” fires the incomes of local fishermen. The Longxia, literally dragon shrimp in Mandarin, is prized at celebrations in China for its rich red color, horns and spine that remind Chinese of the mythical creature. The coronavirus shutdown on the eve of Lunar New Year means Geraldton’s fishing fleet is stuck at port during this traditionally bountiful period.Matt Rutter, CEO of Geraldton Fishermen’s Co-operative, estimates the rocklobster catch between then and the end of March would normally be close to 2 million kilos, with a market value of more than A$120 million ($79 million). But not this year - boat captains, deckhands, truck drivers, export packers and others have seen little work and even less cash.“It’s the first time there’s been a stop on fishing,” Rutter said.Australia is the most China-reliant economy in the developed world, with about a third of its exports going there. Chinese nationals making up roughly 38% of its foreign students and 15% of its tourists.“We’re getting a test run on what many people worried might have happened as a result of political tensions, but instead it’s a result of a health crisis,” said Richard McGregor, author of ‘The Party: The Secret World of China’s Communist Rulers’ and a senior fellow at the Lowy Institute in Sydney. “So we’ll see how the Australian economy holds up and we’ll get a test of the ability of various sectors like tourism and education to diversify their customer base.”A shipment of honey illustrates how quickly the scales have turned. In December, wellness and nutrition group Eve Investments struck its first deal with a Chinese distributor for organic honey from its Meluka Australia brand. The shipping container holding that order of more than 21,000 units from its property outside Ballina on the New South Wales north coast is now being held up on the docks in Sydney, awaiting clearance from its destination port in Shanghai.“The biggest issue at the moment is one of logistics. With some of the ports sending people home, it does complicate getting product in there in a timely manner,” said Managing Director Bill Fry.For now - like many Australian businesspeople - Fry remains fixed on the massive dividends a country of 25 million can reap by tapping into the demand of 1.4 billion people. Longer term, the virus could drive demand for Meluka honey as people turn to products with medicinal value “to try and boost their immune systems,” Fry said.Ben Woodward, who along with his two brothers runs the CaPTA Group, with nature parks and jungle tours across Far North Queensland, says the cascading effect of the coronavirus’s fallout is in a league of its own.“This is uncharted territory,” he said. “It doesn’t just affect tourism, the spillover affects other industries like retail, transport, cafes and so forth as well.”The family - whose business started back in 1976 - has cut hours for some of the 200-odd staff across its butterfly sanctuary, wildlife reserve and other businesses.It’s smaller firms in Australia that are “working-capital dependent” that are most at risk, said Tim Toohey, a former chief economist for Australia at Goldman Sachs Group Inc. He expressed surprise the government hasn’t put in place a system to cushion the blow.“It wouldn’t cost a lot, and it would probably save a lot of jobs and businesses that would be very hard to restart again,” said Toohey, now at Yarra Capital Management.The terrible timing of the hit to fishing and tourism was matched by the blow to Australia’s education sector - the fourth-largest export industry.In Sydney, the nation’s oldest university is scrambling to cope with 15,000 Chinese visa holders locked out by the travel restrictions just as the academic year begins. The danger is Chinese parents will pull their children out of Australian institutions and instead send them to the U.K. or Canada, where the year begins in August or September.Officials at Sydney University are trying to be flexible and keep communication open, with a dedicated web site and videos for Chinese students. It’s made clear they can catch up if needed and that there are alternative paths if the travel ban is prolonged. Chinese nationals made up just under a quarter of the university’s total student population in 2019.Students will “have the option to defer or withdraw without penalty by the final census date of 31 March 2020,” said Michael Spence, vice-chancellor and principal of the University of Sydney.The one-child policy has meant that Chinese students have the most disposable income of any international group. That produces a “ripple impact” on accommodation providers, cafes and restaurants when their spending dries up.Australia’s retail industry, already struggling for sales among frugal customers, is also in the firing line. Major outlets like Harvey Norman Holdings Ltd. and JB Hi-Fi Ltd. face potential shortfalls of stock. China is the key source for mobile phones, computers and televisions, and for Harvey Norman, furniture and mattresses and cushions.Should a supply shortage emerge, it will be difficult to offer the sales and discounts that have been necessary to bring customers through the door. The scale of China’s dominance in these sectors means there isn’t another country that can easily step in to make up the shortfall. That could trigger something unseen for almost 20 years: inflation on electrical and other consumer goods.The ripple effect across Australia’s economy has rekindled the question of whether the country is too concentrated on supplying and being supplied by China - a debate that has flared before, but never with such a compelling backdrop.Reserve Bank Governor Philip Lowe in the past has argued that Australia would find alternative markets if Chinese demand waned, but prices would probably be lower and therefore the country wouldn’t be as prosperous. The central bank - which hit pause on last year’s interest-rate cuts for fear of driving up home prices and debt - is clearly worried about the growth risks.“The outbreak presented a material near-term risk to the economic outlook for China and for international trade flows, and thereby the Australian economy,” the RBA said in minutes of its Feb. 4 meeting, where it kept rates at a record-low 0.75%.S&P Global Ratings said Australia faces a “material knock to growth” from the virus, and has cut its GDP forecasts by half a percentage point. It expects the RBA to respond by easing twice more this year, taking the cash rate to its estimated lower bound of 0.25%.Even before the virus, Australia’s government was trying to diversify export markets with a series of free-trade agreements. The latest was with northern neighbor Indonesia, the world’s fourth most populous country; and it’s still negotiating one with India, on track to overtake China as the world’s most populous nation this decade.Australia is also in talks with the European Union and U.K. and has inked deals with Japan and South Korea and joined the regional pact formerly known as the Trans Pacific Partnership, until President Donald Trump pulled the U.S. out.But it’s hard to escape China. Even where Australia started off with diverse customers, such as with its vast liquefied natural gas projects, Beijing is increasing its purchases of the fuel each year.Up in northwest Australia, site of major iron ore mines and offshore LNG projects - the No. 1 and No. 3 exports - the news is better. Iron ore ships take 14 days or so to sail to China, covering the quarantine period, and LNG is relatively well insulated by long-term contracts. But prices have slid as traders factor in the blow to demand; that impact will eventually find its way to Australians’ pockets.High iron ore, coal and natural gas prices are key to the terms of trade - the economy’s income - and this filters through taxes to government coffers, underpins Australia’s AAA credit rating, and makes its way to households in the form of welfare payments, tax cuts or health and education spending. In other words, a threat to commodities revenue is a threat to Australia’s financial muscle.Longer term, there’s another side to the picture. China’s top leaders have signaled they are planning to increase stimulus this year through fiscal and monetary policy. When China stimulates, it tends to build, and while observers don’t expect anything on the scale of 2009 after the global financial crisis, the injection is set to translate into demand for steel-making iron ore.What Bloomberg’s Economists Say...“China’s vast supply of goods has seen Australia’s income stretch further, and purchase more, than ever before. So to lose your largest customer and largest supplier at the same time is a shock of unfathomed proportions. The longer the disruptions persist, the deeper the unknowns and the larger the shock becomes for the economy.”- James McIntyre, economistAustralia’s currency has depreciated a bit over 3% in the past month as investors - who use the Aussie as a proxy for China - pushed it to decade lows in response to the crisis. Even still, John Pearce of UniSuper worries that the financial market still isn’t grasping the scale of the crisis.“We have the world’s second-largest economy, the world’s engine of global growth, effectively in shutdown. It’s only a matter of time before this starts impacting on short-term corporate profitability,” said Pearce, CIO at the A$85 billion pension fund. “I’m astounded at how complacent the market has been.”Rutter of the Geraldton fishermen’s coop says boat owners are waiting for the lobster market to re-stabilize to get skippers and deckhands out to sea, and onshore staff like truck drivers and export packers back to work. Still, he’s philosophical: “All our concerns and the issues we face just pale into insignificance compared to what the Chinese people are going through.” \--With assistance from Ainslie Chandler and Matt Turner.To contact the author of this story: Michael Heath in Sydney at firstname.lastname@example.orgTo contact the editor responsible for this story: Malcolm Scott at email@example.com, Alexandra VeroudeFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.