Alibaba CEO and Chairman Zhang to step down to focus on cloud business
(Reuters) -Alibaba Group on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus…
German shares lead falls in Europe as Lanxess plunges
(Reuters) – German stocks led the decline among European peers on Tuesday as shares of specialty chemicals maker Lanxess plunged…
Inside China’s underground market for high-end Nvidia AI chips
(Reuters) -Psst! Where can a Chinese buyer purchase top-end Nvidia (NASDAQ:NVDA) AI chips in the wake of U.S. sanctions? Visiting…
Italy’s TIM leaning towards KKR for talks over grid sale, sources say
(Reuters) – Telecom Italia (BIT:TLIT) (TIM) is leaning towards entering talks with KKR over the sale of its prized landline…
ECB hawks argue for more hikes even as Lane opens door to pause
(Reuters) – The European Central Bank should err on the side of further interest rate hikes as inflation could come…
Paris air show takes off with record 500-plane Airbus deal
(Reuters) – Airbus announced a record 500-plane deal with Indian airline IndiGo on day one of the Paris Airshow on…
IMF working on global central bank digital currency platform
(Reuters) – The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable…
Chile’s Codelco must kick-start lithium industry while reviving copper output
(Reuters) – Chilean President Gabriel Boric, seeking to expand the country’s long-stalled lithium industry, has tasked state-owned Codelco, the world’s…
AstraZeneca planning China business spin off -FT
(Reuters) – Drugmaker AstraZeneca (NASDAQ:AZN) is drafting a plan to spin off its China business, and listing a separate unit…
Air taxi maker races to serve Paris Olympics as sector struggles for funds
(Reuters) – A year ahead of the Paris Olympics, flying taxi maker Volocopter wants to prove to executives at the…