Alibaba set for ‘big challenge’ as flamboyant chairman Ma departs
Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply.
Nivea-maker Beiersdorf launches brand for tattooed skin
German consumer goods firm Beiersdorf is launching its first new brand for more than 30 years – a line of body creams specially for tattooed skin – as it seeks to tap into the growing popularity of skin art and appeal to a younger audience.
Saudi Energy Minister: Aiming for Aramco IPO as soon as possible
Saudi Arabia’s newly appointed energy minister, Prince Abdulaziz bin Salman, said on Monday that the country is aiming for an initial public offering of its national oil giant Saudi Aramco “as soon as possible.”
Global stocks gain on hopes of central bank stimulus
Global stock markets gained on Monday as investors pinned their hopes on stimulus that’s expected from the world’s central banks to support slowing growth.
Impossible Foods says China its top priority meat substitute market
(This September 9 story corrects spelling of chief executive’s name to Pat O. Brown, not O’Brown)
Hyundai Motor joins European electric car charging venture Ionity
Ionity, the European electric vehicle charging joint venture of Volkswagen , BMW , Daimler and Ford , said on Monday that South Korea’s Hyundai Motor had joined as a shareholder.
Nissan to hold news conference at 1100 GMT to discuss board meeting
Nissan Motor Co said it will hold a news conference at 1100 GMT to discuss topics covered at board meeting today.
Lloyds warns mis-selling could cost it an extra $2.2 billion
Lloyds Banking Group will set aside up to an extra 1.8 billion pounds ($2.2 billion) to settle mis-selling claims in Britain’s costliest consumer banking scandal, and said it was suspending its 2019 share buyback program.
Russia’s Alrosa seeks to brighten up its fluorescent diamond sales
Russia’s Alrosa is talking to several global jewelery retailers about jointly marketing the miner’s jewelery brand that uses fluorescent diamonds, as it strives to create a new niche for the natural stones.
Ferrari to lift lid on new F8 Spider and 812 GTS to maintain fast track growth
Ferrari revealed on Monday its two new releases as the Italian premium automaker pursues an aggressive roll-out of new models to sustain its turbo-charged core earnings and share price growth.
