Alibaba approves cloud computing unit spin-off, prepares for grocery and logistics arms to go public

Chinese e-commerce company Alibaba Group Holding on Thursday said that it plans to spin-off of its cloud computing unit and that its logistics and grocery units would begin exploring initial public offerings, as the e-commerce firm kickstarts a restructuring process of its businesses aimed at spurring growth

2023-05-18 22:29

World Cup Driving More Women Than Ever to Betting, Says Entain

When Entain Plc Chief Executive Officer Jette Nygaard-Andersen took over one of the world’s biggest gambling groups in

2023-08-16 19:17

US consumer sentiment weakens in October

WASHINGTON U.S. consumer sentiment fell sharply in October as households anticipated higher inflation over the next year, a

2023-10-13 22:18

Petrobras Eases Fears of Fuel Intervention in Policy Shift

Brazilian oil giant Petrobras is shielding domestic consumers from volatile global fuel-market gyrations, bowing to pressure from President

2023-05-17 06:28

Yemen's Houthi rebels hijack an Israeli-linked ship in the Red Sea and take 25 crew members hostage

Yemen's Iran-backed Houthi rebels have seized an Israeli-linked ship in a crucial Red Sea shipping route and taken the 25-member crew hostage

2023-11-20 08:17

EU plan aimed at fighting climate change to go to final votes, even if watered down

European Union institutions and conservationists have given a conditional and guarded welcome to a major plan to better protect nature and fight climate change in the 27-nation bloc

2023-11-10 15:53

Spy Fears Over a Chinese Corn Mill Led Biden to Tighten US Investment Curbs

Presidents Joe Biden and Xi Jinping are trying to ease tensions and calm trade fights between the world's

2023-06-30 05:25

Marsh, Lloyd's, Ukraine launch war risk ship insurance to cut grain costs

By Carolyn Cohn and Jonathan Saul LONDON (Reuters) -Insurance broker Marsh, Lloyd's of London insurers and Ukrainian state banks have

2023-11-15 22:49

Hong Kong Reopens With Flights Resuming as Typhoon Saola Departs

Hong Kong started gradually reopening Saturday after a typhoon forecast to be the strongest to hit the territory

2023-09-02 14:24

Hong Kong to Reopen Cathay’s In-Town Airport Check-In Wednesday

Cathay Pacific Airways Ltd.’s check-in desks in Hong Kong’s central business district will reopen Wednesday, after a more

2023-07-03 15:22

Saudi Aramco Q2 profits drop 38% on lower prices: statement

Oil firm Saudi Aramco on Monday announced profits of $30.08 billion for the second quarter, a sharp fall from the same period last year when prices...

2023-08-07 16:56

Taiwan's Acer ships computer hardware to Russia after saying it would suspend business -data

By Filipp Lebedev and Gleb Stolyarov (Reuters) -Taiwan-based computer manufacturer Acer supplied at least $70.4 million worth of computer hardware

2023-06-09 07:29