Saturday, May 28

Tag: asia

Gaming

Saudi Arabia’s Public Investment Fund Now Owns 5% Of Nintendo

Image: NintendoSaudi Arabia’s Public Investment Fund, a near-bottomless pit of cash tasked with diversifying the nation’s economy (and whitewashing their human rights record), has acquired a 5.01% stake in Nintendo.The news was announced in a filing made with Japan’s Finance Ministry, Bloomberg reports. It follows similar investments made last year in Capcom, EA, Take-Two and Activision, along with almost complete ownership of SNK. Bloomberg says this would make the Public Investment Fund the company’s “fifth-largest shareholder”. If this is the first time you’ve encountered this kind of money, know that the PIF fucking sucks, as does the man running it, Saudi Crown Prince Mohammed bin Salman. As Ian wrote just last month:Saudi Arabia spent the last year throwing money around the video gam...
With new leader, the future for progressive politics looks more challenging – for feminists in Hong Kong, it was already bleak
Politics

With new leader, the future for progressive politics looks more challenging – for feminists in Hong Kong, it was already bleak

Activists and scholars also say the move will only further hinder civil liberties and human rights, including one that has already come under fire: the city's embattled gender movement. "If John Lee adopts the Mainland China model of managing civil society, this may bring about a further onslaught of Hong Kong's once vibrant civil society," says Diana Fu, Associate Professor of political science at the University of Toronto. "In the mainland model, civil society groups that advocate for liberal rights -- including gender equality -- are seen as conduits of Western influence.""Gender awareness has to be promoted from the bottom up," said Petula Ho, a local feminist scholar. "But it's like the whole of society has given up on this issue."The past several years have not been good for feminism...