Morgan Stanley calls this internet stock the ‘best AI play in China,’ sees more than 30% upside
The firm also upgraded shares to overweight from equal weight.
Auto tycoon Ghosn files $1 billion lawsuit in Lebanon against Nissan over his imprisonment in Japan
Auto tycoon Carlos Ghosn has filed a $1 billion lawsuit against Nissan and about a dozen individuals in Beirut over his imprisonment in Japan.
Alibaba founder Jack Ma’s close confidants have taken the top roles at the Chinese tech giant — Here’s who they are
Eddie Yongming Wu will become CEO of Alibaba, while Joe Tsai will take over as chairman. Both are close confidants of Alibaba’s billionaire founder Jack Ma.
‘Tough duel’ ahead for Ukraine as Russia mounts fierce resistance to counteroffensive
It’s becoming increasingly clear that Ukraine could have a long and likely bloody slog ahead of it when it comes to its counteroffensive.
UK economy in growth ‘doom loop’ as business investment slumps versus G7 peers, think tank says
Decades of underinvestment by government and business have left Britain’s economy in a growth “doom loop,” according to center-left think tank IPPR.
Coast Guard says extensive search has yielded no sign of missing sub
Rescuers in a remote area of the Atlantic Ocean raced against time early Tuesday to find a missing submersible carrying five people.
Blinken says he failed to revive military-to-military talks with China
U.S. Secretary of State Antony Blinken said Monday he failed to revive military-to-military communication with China, despite hopes of reopening it.
‘When we meet again, may we all be carefree’: Read the outgoing Alibaba CEO’s memo to staff
Outgoing Alibaba CEO Daniel Zhang said the cloud business is “now full speed ahead on its spin-off plans,” and that is a reason why he is stepping down as group boss.
Dyson doubles down on Singapore and ramps up hiring globally
Dyson’s £2.75 billion global investment includes a slate of new generation of products and a giant battery plant in Singapore.
Alibaba says Eddie Wu to succeed Daniel Zhang as CEO in surprise move
Eddie Wu will succeed Daniel Zhang as chief executive of Alibaba Group, the company announced Tuesday, laying out its succession plan.
