Alibaba striving to maintain US listing amid delisting fears

Chinese e-commerce firm Alibaba said yesterday that it wants to keep its shares listed in both New York and Hong Kong, days after U.S. regulators included it

Korean firm’s USD22b investment will mean new US jobs, White House says

South Korea’s SK Group yesterday announced plans to invest $22 billion in the United States on industries including semiconductors, green energy and bioscience, which the

Microsoft blames economic woes for missing profit targets

Microsoft reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, falling short of analyst expectations for $2.29 per share — a rare disappointment from

Alibaba to seek primary listing in Hong Kong, adding to NYSE

Alibaba, the world’s biggest e-commerce company by sales, announced plans yesterday to change the status of its shares traded in Hong Kong, making them more accessible

EU reaches deal to ration gas amid Russian cut-off fears

European Union governments agreed yesterday to ration natural gas this winter to protect themselves against any further supply cuts by Russia as Moscow pursues its invasion of

Feds suing poultry producers over unfair worker practices

The Justice Department is expected to file a lawsuit against some of the largest poultry producers in the U.S. along with a proposed

MGM’s Emerald Villa wins top prize at International Property Awards

The Emerald Villa of MGM Cotai has won the 5-star accolade, the highest level of award, in the category of Best Hotel Interior Macau - Asia Pacific 2022

Netflix Q2 subscriber loss widens, but not as much as feared

Netflix shed almost 1 million subscribers during the spring amid tougher competition and soaring inflation that’s squeezing household budgets, heightening the urgency behind the video

Inflation surges to new 40-year high of 9.4%

Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis.

Aviation faces hurdles to hit goals for cutting emissions

Airplanes are a minor contributor to global greenhouse-gas emissions, but their share is sure to grow as more people travel in coming years — and

Economics of war: Pain for Europe now, later for Russia

Across Europe, signs of distress are multiplying as Russia’s war in Ukraine drags on. Food banks in Italy are feeding more people. German officials are turning

Inflation reached a new 40-year high in June of 9.1%

Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case

Economy shows unexpectedly strong growth in May

Britain’s economy showed unexpectedly strong growth in May, with the three major components of production— manufacturing, construction and services — all posting gains. The Office

Looming Musk-Twitter legal battle hammers company shares

Shares of Twitter slid more than 11% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid

Stocks open lower on Wall Street, led by drops in technology

U.S. futures are down with corporate earnings season kicking off this week amid rising anxiety over how companies are navigating soaring inflation, and news about the

US futures edge down, euro hovers at 20-year low to dollar

U.S. futures slipped yesterday and European benchmarks rose in early trading despite lingering anxieties about an economic slowdown that has pushed the euro to a 20-year

Amazon faces UK investigation over anti-competitive concerns

Britain's competition watchdog is investigating whether Amazon is harming competition and hurting consumers by giving an unfair advantage to merchants that pay for extra services.

Add rent to the rising costs bedeviling small businesses

The rent has come due for America’s small businesses and at a very inopportune time. Landlords were lenient about rent payments during the first two

Holiday getaway pushes US airport traffic to pandemic high

The Fourth of July holiday weekend is jamming U.S. airports with their biggest crowds since the pandemic began in 2020. About 2.49 million passengers

China’s Baidu races Waymo, GM to develop self-driving cars

With no one at the wheel, a self-driving taxi developed by tech giant Baidu Inc. is rolling down a Beijing street when its sensors spot the corner of

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