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Done betting, Alibaba is getting down to work in Southeast Asia as it bids to lead the region’s promising e-commerce space and maximize its early mover advantage over Amazon. Alibaba became the first major international player to enter Southeast Asia, a region with more than 600 million cumulative consumers, when it bought a majority stake in Lazada, the Rocket Internet-backed venture, nearly one year ago. Amazon, Alibaba’s key foe in India, is […]

China-based Zhonghong Zhuoye Group Co Ltd will buy Blackstone Group LP’s (BX.N) 21 percent stake in SeaWorld Entertainment Inc (SEAS.N), the embattled U.S.-based marine park operator said on Friday. SeaWorld said Zhonghong Group would buy the stake for $23 per share, a premium of nearly 33 percent to the stock’s close on Thursday. Zhonghong Group – a diversified holding company for investments in real estate, leisure and […]

By Susan Cornwell and Richard Cowan | WASHINGTON WASHINGTON U.S. Republican lawmakers struggling to overcome differences over new healthcare legislation confronted a stark choice after President Donald Trump delivered an ultimatum: pass the bill on Friday or keep Obamacare in place. Trump, a real estate magnate who touted his dealmaking prowess in the 2016 presidential campaign, faced the first major test of how well his skills would […]

The first quarter of 2017 is almost over and Xbox is keeping the game train going with its free game offering for April. Xbox Live has announced its April Games with Gold featuring four hit games: two Xbox One and two Xbox 360 games playable via backwards compatibility. These games are: Ryse: Son of Rome, Darksiders, Assassin’s Creed: Revelations, and The Walking Dead: Season Two. These limited-time games will […]

Ford said that slowing new car demand in the US and rising costs could halve its first-quarter earnings per share compared with last year’s record first quarter. The Detroit carmaker’s shares slipped in New York on Thursday after the company said in a statement that it now expects pre-tax profits of $9bn in 2017, down from $10.4bn last year. It expects profits to rise again in 2018. […]

Not everything is Donald Trump’s fault. And by the same token, not everything that goes right in the world can be attributed to him. It can be difficult to remember this, particularly in the US where domestic politics is crowding out almost everything else from the news, and where most people are inclined to view the news through stridently pro- or anti-Trump lenses. Mr Trump seems so […]

By Stephanie Nebehay | GENEVA GENEVA The top United Nations human rights body agreed on Friday to send an international fact-finding mission to investigate widespread allegations of killings, rape and torture by security forces against Rohingya Muslims in Myanmar’s Rakhine state. But Myanmar ambassador Htin Lynn, speaking before the decision was taken by consensus, rejected the move as “not acceptable”. Myanmar’s national commission had just interviewed alleged […]

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At the start of the year, I was part of a panel that aimed to offer career guidance to graduating students at a local secondary school in Singapore. The panel dished out the usual advice about the need to have passion, work hard, and always strive to do better. A student then posed a question that struck a chord: “How can I ensure the skills I learn […]

Abu Dhabi investment firm Waha Capital is in talks with potential partners in Saudi Arabia as it looks to diversify investment in some key sectors outside the United Arab Emirates (UAE), its chairman said. Saudi Arabia is opening its economy to foreign investment as part of its 2030 vision whereby the Middle Eastern country will rely less on oil and create more jobs for its citizens. Waha […]

Breaking news. (photo credit:JPOST STAFF) MANILA – Philippine President Rodrigo Duterte hit out at the European Union on Friday for hypocrisy and called the bloc “sons of bitches” after its lawmakers issued a resolution calling for restraint and a rethink in his bloody war on drugs. Duterte castigated the EU for urging him to focus his campaign on drugs rehabilitation and stood by his security-centered […]

CAIRO Hosni Mubarak, the Egyptian president overthrown in 2011 and the first leader to face trial after the Arab Spring uprisings that swept the region, walked free on Friday for the first time in six years, his lawyer said. He left the Maadi Military Hospital where he had been detained, heading to his home in Heliopolis. A top appeals court cleared Mubarak earlier this month on charges […]

By Farah Master and Venus Wu | HONG KONG HONG KONG As visitors sip champagne at Hong Kong’s Art Basel event this week and take selfies with replicas of deceased leaders Fidel Castro and Mao Zedong, a more urgent issue is rumbling through dealers exhibiting – how big an impact China’s capital controls will be in the coming year. Over the past six months, Chinese buyers have […]

By Sumeet Chatterjee | HONG KONG HONG KONG HSBC (HSBA.L) plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business’s regional head said, most of them in the Pearl River Delta, the heart of the bank’s growth strategy in China. If that target is hit, the new additions will mean HSBC will have hired twice […]

By Andrew MacAskill and Anjuli Davies | LONDON LONDON Britain’s Labour party has won five seats at elections in the City of London, the heart of the country’s financial district, as it seeks to challenge the borough’s centuries-old policy of independence from party politics. Britain’s main opposition party, lagging far behind the Conservatives in national opinion under its current leader, veteran socialist Jeremy Corbyn, has had its […]

Alibaba has joined forces with AusPost, Blackmores, and PwC to explore the use of blockchain technology to combat food fraud. The Chinese ecommerce giant said the goal is develop a “Food Trust Framework” to help improve integrity and traceability on its global supply chains. Australia was chosen to be the test bed for the new framework. Alibaba believes blockchain, best known as the technology behind bitcoin, is […]

Democrats criticised Donald Trump’s choice to run the Securities and Exchange Commission on Thursday, saying that Jay Clayton, a veteran securities lawyer, is too deeply entangled with Wall Street to be an effective markets cop. SEC ethics rules will require Mr Clayton, a partner with Sullivan & Cromwell in New York, to recuse himself for two years from enforcement actions involving his former clients or anyone represented […]

The UAE will officially launch a comprehensive set of guidelines and concrete actions aimed at helping UAE organisations adopt a gender-sensitive approach at their workplace in September. The UAE Gender Balance Council said the guide has been produced in cooperation with the Organisation for Economic Co-operation and Development (OECD). In a statement, the Council said it will host various workshops for representatives from federal entities, to introduce […]

Friday 06:00 GMT Overview Asian stock markets continued to recover after a midweek sell-off and as a highly anticipated vote on US healthcare reform was pushed back until later on Friday. European bourses are expected to open on the front foot, with spreadbetters predicting the UK’s FTSE 100 will add 8 points to 7,349 and Germany’s Dax to advance 20 points to 12,060. Hot topic Global markets […]

Before she became Facebook’s Head of News Partnerships, Campbell Brown had to deal with a low-tech filter bubble. As a host on CNN, she was competing every night with the likes of left-leaning MSNBC and right-leaning Fox News. Battling low ratings, she left her 8 p.m. slot in 2010 with a rare hat tip to her partisan competitors. “I hosted a show on CNN, and I had […]

By Matt Spetalnick | WASHINGTON WASHINGTON The Trump administration reiterated its concerns about Israeli settlement activity, the two sides said on Thursday, as a round of talks ended without agreement over limiting future construction on land the Palestinians want for a state. The four days of high-level meetings in Washington marked the latest step by President Donald Trump’s aides aimed at opening the way to renewed peace […]

While the American Healthcare Act, President Trump’s first major legislative effort, is going to a vote in the House of Representatives on Friday – no matter what; for many years now, the American healthcare system has been flawed. As Statista’s Feliz Richter illustrates in the chart below, U.S. health spending per capita (including public and private spending) is higher than it is anywhere else in the world, […]

PARIS A month before the first round of France’s presidential election, 43 percent of voters are hesitant about who to vote for, a poll said on Friday, underlining the uncertainty surrounding the volatile election campaign. Opinion polls show independent centrist Emmanuel Macron and far-right leader Marine Le Pen likely to lead in the first round of the election on April 23 and that these two candidates would […]

The wheels on America’s tech IPO train continue to turn. Enterprise data analytics firm Alteryx, the next tech firm in line to go public, has priced its shares at $14 ahead of its listing on the New York Stock Exchange tomorrow (Friday). That pricing — which comes in at the top of the firm’s range — will see Alteryx, which is listing under AYX symbol, raise $126 million from the nine […]

Google has announced plans to reduce the trust in Symantec TLS certificates until a point is reached in early 2018 where Chrome 64 will only trust certificates issued for 279 days or less from the security giant and its subsidiaries. Posting to the Blink development mailing list, Google engineer Ryan Sleevi said that following a “series of failures” by Symantec, Google believes its users face significant risk. […]

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