AFP
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Alibaba's overhaul: a 'smart' move after China crackdown
Alibaba, China's biggest e-commerce company, has announced plans to split its business into six groups, in one of the most significant overhauls of a leading Chinese tech firm to date. "Alibaba's shakeup plan may also lead investors to think of the potential for other tech firms like Tencent to follow suit."
Twitter restricts Marjorie Taylor Greene account over 'Vengeance' post
Twitter has temporarily restricted Marjorie Taylor Greene's congressional account after the US lawmaker tweeted a graphic that referred to a "Trans Day of Vengeance" following the school shooting in Nashville. "My Congressional account was suspended for 7 days for exposing Antifa, who are organizing a call for violence called 'Trans Day of Vengeance.'
Germany to open its doors as labour shortage bites
An apprenticeship at a steelmaker brought Steven Maillot from the French island of Reunion in the Indian Ocean to Eisenhuettenstadt in Germany, a stone's throw from the Polish border. - Trainee challenge - The model city of Eisenhuettenstadt, built under socialism to serve the steelworks, is a far cry from Reunion.
Sergio Ermotti back as UBS chief for Credit Suisse takeover
Sergio Ermotti will return as CEO of Swiss banking giant UBS to pilot the controversial acquisition of troubled rival Credit Suisse, its board announced Wednesday. UBS and Credit Suisse were both among the 30 banks around the world deemed too big to fail and therefore considered Global Systemically Important Banks.
Paul Newman's Rolexes celebrating his racing career up for auction
Two Rolexes that carried "sentimental" value for actor Paul Newman will be auctioned as part of a broad collection of the late icon's personal effects, with the timepieces each expected to earn up to $1 million. Another Rolex that belonged to Newman, who died in 2008, was sold by New York auction house Phillips for a staggering $17.8 million in 2017, a world record for a wrist watch. af-mlm/st
Car battery recycling market gears up for future boom
Researcher Anna Vanderbruggen peers into a vat of dark bubbling liquid, the result of a process she has developed to recover graphite from old lithium-ion batteries.
Hong Kong leads Asian markets higher on Alibaba boost
Asian stocks were broadly up on Wednesday to buck losses on Wall Street, led by massive gains for Chinese tech behemoth Alibaba after it announced it would split into six business groups. Alibaba is one of China's most prominent tech firms, with operations spanning cloud computing, e-commerce, logistics, media and entertainment, and artificial intelligence.
California's cannabis black market thrives despite legalization
Omar Buddakey emerges from a nondescript building in Los Angeles with a joint in his hand. Buddakey's working-class neighborhood in east Los Angeles is teeming with stores like this one, many marked by a green cross.
Room for one more? Saudi moves in on Gulf aviation market
Undeterred by a crowded Gulf market, Saudi Arabia is going all in on an aggressive aviation expansion, with a massive jet order and the launch of a new national carrier. "The question of what the demand side of this equation looks like has yet to be settled, but the Saudis must be pretty confident to push ahead with such a massive aircraft order," he said.
AFP
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