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Jack Ma Engineered Alibaba's Breakup From Overseas
Business

Jack Ma Engineered Alibaba's Breakup From Overseas

The Chinese billionaire used his influence within Alibaba Group, the e-commerce empire he built, to orchestrate its breakup plans, people familiar with the matter said.

TikTok's Behind-the-Scenes Help in Washington: Former Obama, Disney Advisers
Business

TikTok's Behind-the-Scenes Help in Washington: Former Obama, Disney Advisers

Zenia Mucha, Jim Messina and David Plouffe were brought on to advise the video app’s CEO on handling U.S. criticism over its China ties. Source

U.S., South Korea Vie Over Extradition of Crypto Fugitive Do Kwon
Finances

U.S., South Korea Vie Over Extradition of Crypto Fugitive Do Kwon

Markets Currencies Cryptocurrency Both countries are asking Montenegro to hand over the creator of the failed TerraUSD stablecoin to face criminal charges Source link

The Class of 2023 Faces a Jittery Job Market: ‘The World Seems to Have Flipped on Its Head.’
Business

The Class of 2023 Faces a Jittery Job Market: ‘The World Seems to Have Flipped on Its Head.’

The Class of 2023 is getting ready to enter a job market that is suddenly less eager to hire new grads. Many employers are taking

Meta to Let Users Opt Out of Some Targeted Ads, but Only in Europe
Business

Meta to Let Users Opt Out of Some Targeted Ads, but Only in Europe

WSJ News Exclusive Business Facebook, Instagram parent hopes plans to alter a privacy approach that would limit the impact from EU orders Source link

Alibaba to decide on control over new business units after IPOs By Reuters
Stock Market

Alibaba to decide on control over new business units after IPOs By Reuters

3/3 © Reuters. Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange (NYSE) in New York

Electronic Arts Says It Is Laying Off 6% of Workforce
Business

Electronic Arts Says It Is Laying Off 6% of Workforce

The company is also reducing its office-space footprint to focus its spending on the best growth opportunities in the videogame industry. Source link

Finances

Russia’s corporate profits dropped 21.3% in Jan, business climate worsened By Reuters

© Reuters. FILE PHOTO: Pedestrians walk across Nevsky Avenue in central Saint Petersburg, Russia May 28, 2022. REUTERS/Anton Vaganov MOSCOW (Reuters) – Russian companies made

U.S. Pushes for Business Investment in Africa to Counter China’s Reach
Business

U.S. Pushes for Business Investment in Africa to Counter China’s Reach

Business Vice President Kamala Harris is the latest American official to pledge more investment in the continent Source link