Business and Economy

Business and Economy Latest News

Alibaba to split into 6 groups, separate IPOs expected
Alibaba to split into 6 groups, separate IPOs expected
by  AFP

Alibaba announced Tuesday that it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date. The Hangzhou-based firm is one of China's most prominent tech giants, with business operations spanning cloud computing, e-commerce, logistics, media and entertainment, and artificial intelligence.

Asian shares up as bank crisis fears ease
Asian shares up as bank crisis fears ease
by  AFP

Most Asian markets traded higher on Tuesday after global shares rebounded, with fears of a banking crisis easing thanks to the sale of fallen lender Silicon Valley Bank. Ray Attrill, head of FX strategy at National Australia Bank, said Tuesday that the acquisition by First Citizens had "helped set a positive tone" in global markets.

Energy

Money

Industry

Technology

Economy