GetYourGuide picks up $484M, passes 25M tickets sold through its tourism activity app

As we swing into the summer tourist season, a company poised to capitalise on that has raised a huge round of funding. GetYourGuide — a Berlin startup that has built a popular marketplace for people to discover and book sightseeing tours, tickets for attractions and other experiences around the world — is today announcing that it has picked up $484 million, a Series E round of funding that will catapult its valuation above the $1 billion mark. The funding is a milestone for a couple of reasons. GetYourGuide says it is the highest-ever round of funding for a company in the area of “travel experiences” (tours and other activities) — a market estimated to be worth $150 billion this year …

China announces new crackdown on fentanyl in win for US President Trump

Beijing (CNN)The Chinese government will add fentanyl-related substances to their list of controlled drugs from May 1, in a move aimed at curtailing the manufacturing and distribution of one of the world’s most powerful opioids. According to the US Center for Disease Control and Prevention, fentanyl was used in one in four overdose deaths in the US in 2018, killing just over 18,000 people in one year and overtaking heroin and oxycodone as the country’s most deadly drug. On Monday, China’s Ministry of Public Security, National Health Commission and the National Medical Products Administration came together to make the announcement at a press conference in Beijing. Liu Yuejin, deputy head of China’s National Narcotics Control Commission, called the move a …

How 1MDB finally caught up with Najib Razak

Kuala Lumpur, Malaysia (CNN)On Tuesday, former Malaysian Prime Minister Najib Razak will appear in court — facing years in prison if convicted on corruption charges which seemed impossible less than a year ago. What is 1MDB? Political son Malaysia 1MDB scandal: Former PM arrested Scoops and scandal In early 2015, journalists from the Sarawak Report and Wall Street Journal began reporting that millions of dollars had been siphoned off the fund after allegedly securing a series of leaked documents. At first it seemed like the scandal might spell the end of Najib, as opponents — and even some within his party — demanded an investigation and called for him to resign. Behind the scenes, there were efforts to smother the …