EXCLUSIVE Alibaba cuts a third of deals team staff after regulatory crackdown-sources
Alibaba Group (9988.HK) is cutting over a third of staff in its in-house deals team, four people with knowledge of the matter said, after Beijing’s sweeping regulatory crackdown sharply slowed the Chinese e-commerce behemoth’s dealmaking pace.
TSMC sees resilient chip sales boosting Q3; electronics demand cooling
Taiwan’s TSMC (2330.TW) forecast revenue growth that could be the highest in 10 quarters, saying it was “highly confident” about its long-term prospects and touted demand for high-tech chips used in data centres and electric vehicles.
EXCLUSIVE Barclays seeks entry into China’s $4.3 tln asset management market -sources
Barclays (BARC.L) is seeking a Chinese banking partner to set up an asset management joint venture in the country, two people with knowledge of the matter said, as part of British lender’s plans to expand its footprint in the world’s second-largest economy.
Analysis: Chevy’s electric Blazer SUV fights to stand out in a crowd
General Motors Co’s (GM.N) electric Chevy Blazer SUV will be vital to the automaker’s effort to catch Tesla Inc in the U.S. EV market, but by the time it hits showrooms next year it will be fighting a crowd of vehicles to run second in a segment dominated by Tesla’s Model Y.
Analysis: Why Elon Musk’s fight with Twitter could draw further SEC scrutiny
Twitter Inc’s (TWTR.N) fight with Elon Musk to enforce his $44 billion deal to buy the social media platform could attract scrutiny from the U.S. securities regulator over whether Musk has misled the market during the course of the deal.
Stocks fall, dollar gains as U.S. inflation prompts 100 bps hike bets
European shares dropped in early trading on Thursday and the safe-haven dollar was up after the latest red-hot U.S. inflation reading increased investor caution about Federal Reserve rate hikes.
Calling the Midwife – for eLearning
Over 1,000,000 midwives from around the world now have access to an eLearning platform developed for The International College of Midwives (ICM) by Scotland’s leading digital learning and assessment specialist, eCom Learning Solutions.
Germany’s gas crisis in charts: Pipeline repair, and then what?
The flow of gas from Russia to Germany through the Nord Stream 1 pipeline stopped on Monday as a planned 10-day maintenance period began. The question is: Will flows then resume?
Wall Street banks’ Q2 trading revenue likely to surge, softening blow from deal slump
A surge in trading revenue powered by volatile markets should partially offset a slump in M&A and equity and debt deals when Wall Street banks report second-quarter earnings this month.
Exclusive: Binance served crypto traders in Iran despite U.S. sanctions, clients say
The world’s largest crypto exchange, Binance, continued to process trades by clients in Iran despite U.S. sanctions and a company ban on doing business there, a Reuters investigation has found.
