DAILY BRIEFING: Myanmar-related social media app claims that £ 900,000 has disappeared from corporate funds

DAILY BRIEFING: Myanmar-related social media app claims that £ 900,000 has disappeared from corporate funds

DAILY BRIEFING: Myanmar-related social media app claims that £ 900,000 has disappeared from corporate funds

City & Finance reporter for the Daily Mail

Mysquar, a Myanmar-focused social media app, said £ 900,000 had disappeared from corporate funds

Mysquar, a Myanmar-focused social media app, said £ 900,000 had disappeared from corporate funds

Mysquar, a Myanmar-focused social media app, said £ 900,000 had disappeared from corporate funds

Missing money Myanmar-based social media app Mysquar, which investigates accounting irregularities, said £ 900,000 had disappeared from corporate funds.

The London-listed company said it had been disbursed without approval to third parties or former directors.

SMELTER DEAL Industrial Sanjeev Gupta's Liberty steel company has secured funding from banks to buy Europe's largest aluminum smelter from Rio Tinto.

APPLE ACRES A shopping spree has boosted Apple's huge real estate holdings by more than 50 percent.

The iPhone maker now owns nearly 7,400 acres of land in the US, compared to nearly 5,000 acres a year ago, according to its annual report.

ROOMVIEWS Elon Musk's SpaceX has proposed bringing nearly 1,600 small satellites into space as part of a global broadband network.

They would be placed in low orbit to avoid debris and provide a better signal to the users.

NEW STREAM Disney is preparing to launch a streaming service called Disney + for rival Netflix in late 2019.

Boss Bob Iger said it will focus on blockbuster franchises like Star Wars and Marvel, including a series with British actor Tom Hiddleston as Loki.

VENTURE SALE Investment firm Gresham House has bought Livingbridge's venture capital trust business for around £ 40m.

THUMBS UP The Competition Commissioner gave the green light to the forecourt operator Motor Fuel Group to acquire MRH, the UK's largest gas station and convenience store operator.

NO FLOW London-based Flowgroup, the former parent company of Flow Energy, which was sold to Co-op Energy earlier this year, has gone into administration.

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