DAILY LETTERS: Myanmar-focused social media app claims £ 900,000 has disappeared from corporate funds

DAILY LETTERS: Myanmar-focused social media app claims £ 900,000 has disappeared from corporate funds

City & Finance Reporter for the Daily Mail

Myanmar-targeted social media app Mysquar, said £ 900,000 has disappeared from corporate funds

MISSING CASH Myanmar-focused social media app Mysquar, which investigates irregularities in accounting, said that £ 900,000 has disappeared from corporate funds.

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

MELTER DEAL The Liberty Liberty steelworks industrial company, Sanjeev Gupta, has received funding from banks to buy Europe's largest aluminum smelter from Rio Tinto in a deal that is believed to be worth £ 384 million.

APPLE ACRES Because of a buying behavior, the enormous possession of Apple has increased by more than 50 percent.

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

SPACE PLANS SpaceX from Elon Musk has proposed to send almost 1,600 small satellites into space as part of a global broadband network.

They would be placed in a low orbit to prevent dirt and provide a better signal for the users.

NEW STREAM Disney is preparing to launch a streaming service called Disney + against Netflix at the end of 2019.

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

VENTURE SALE Investment company Gresham House has purchased the venture capital trust activities of Livingbridge for approximately £ 40 million.

THUMBS UP The competition watchdog has given the green light to the operator of the engine oil company, in order to take over MRH, the largest petrol station in the United Kingdom and the manager of the neighborhood store.

NO TRANSIT The London-based Flowgroup, the former parent company of Flow Energy that was sold to Co-op Energy earlier this year, has fallen into administration.