Facebook to invest $1 billion in first Asian data center in Singapore
Facebook said on Thursday it will invest more than $1 billion to build its first data center in Asia in Singapore, slated to open in 2022.
Novartis sells U.S. generics assets to India’s bargain-hunting Aurobindo
New Novartis Chief Executive Vas Narasimhan has further reshaped the Swiss drugmaker, announcing on Thursday he is selling U.S. dermatology and generic pill assets to India’s Aurobindo Pharma Ltd for up to $1 billion.
Citigroup to overhaul its investment bank: Business Insider
Citigroup Inc is set to announce a restructuring of its investment banking operations and top executives are taking on new roles, Business Insider reported on Thursday, citing people familiar with the matter.
JD.com investors spooked by ‘key man risk’ after CEO accused of rape
A U.S. police investigation into an allegation of rape against JD.com Inc CEO Richard Liu has hammered the e-commerce giant’s shares, with the case laying bare risks posed by his iron grip on management and the lack of other leaders to challenge him.
Burberry ends bonfire of the luxuries, use of real fur in social shift
Britain’s Burberry will no longer burn millions of pounds worth of unsold luxury goods or use real fur in its collections following a furor over it environmental record.
Novartis sells parts of Sandoz U.S. to India’s Aurobindo for $900 million
Novartis AG said on Thursday it would sell the dermatology and generic U.S. oral solids portfolios of Sandoz U.S. to India’s Aurobindo Pharma Ltd for $900 million, as the Swiss drugmaker looks to focus on higher growth areas.
As next round of U.S. tariffs on China looms, both sides dig in
With U.S. President Donald Trump gearing up to impose tariffs on $200 billion in Chinese goods and Beijing certain to retaliate against any measures, the world’s two biggest economies are locked in an escalating trade war, with no resolution in sight.
Uber launches taxi-hailing app in Japan’s Nagoya
Uber Technologies [UBER.UL] on Thursday said it would launch a taxi-hailing app for taxis operating in Nagoya, as the U.S. firm tries to expand its foothold in a country where it has been blocked from offering its own ridesharing service.
World shares fall for fifth straight day, hit by trade war jitters
World shares fell for a fifth straight day on Thursday as investors braced for another escalation in a trade war between the United States and China, while emerging-market currencies paused near 15-month lows.
China warns of retaliation if U.S. slaps new tariffs
China will be forced to retaliate if the United States implements any new tariff measures, China’s commerce ministry warned on Thursday, as the world’s two biggest economies remain locked in an intensifying trade war.
