It’s not all roses for Alibaba, as its financial technology (fintech) affiliate Ant Group remains under intense scrutiny from China’s regulators. The planned launch of Ant Group in November was…
Category: Business News
Jack’s Giant: Alibaba’s revenue soars
Chinese e-commerce giant Alibaba has posted impressive results for the last quarter of 2020. Jack Ma’s e-commerce giant saw revenues up 37% against the same quarter of 2019 to 221bn…
Amazon Throne: Jeff Bezos to step down as Amazon chief executive
Amazon founder Jeff Bezos is to step down as chief executive of the e-commerce giant that he started in his garage nearly 30 years ago. He will become executive chairman,…
Covid: Pfizer projects $15bn sales of Covid-19 vaccine
Drugs giant Pfizer has said it expects $15bn (£11bn) of sales this year of the coronavirus vaccine it developed with German firm BioNTech. The vaccine was one of the first…
Robinhood? Elon Musk quizzes Robinhood boss over GameStop row on Clubhouse
Tesla boss Elon Musk has grilled trading app Robinhood’s co-founder Vladimir Tenev, about why it limited users to only being able to buy a small number of shares in some…
Old Horses Kick The Hardest: Nintendo Switch sales surge past those of the 3DS
Sales of Nintendo’s Switch gaming consoles have surpassed those of their predecessor – the 3DS – despite being available for a much shorter period. The firm said 79.87 million units…
Friend Request: UK applying to join Asia-Pacific free trade pact CPTPP
The UK will apply to join a free trade area with 11 Asia and Pacific nations on Monday, a year after it officially left the EU. Joining the group of…
Silver: The Silver lining on Silver
The price of silver hit an a eight-year high on Monday, amid social media calls to buy the metal and emulate the trading frenzy that surrounded US games retailer GameStop…
Climate Change: Oil Industry’s woes
The oil industry has been left reeling. Share prices plunged, and Goldman Sachs warned of a drop in US crude supplies. “The industry is aghast at these changes,” one oil…
The Season of the Electric Cars: Ford to start building electric Mustangs in China
Ford is to start building its iconic Mustang cars in China for the first time. The US carmaker said its Mustang Mach-E will start being produced there later this year…