Alibaba says 15% of China delivery areas were disrupted during Singles Day shopping festival
China’s Covid controls disrupted Alibaba’s ability to deliver packages, the company said, dragging down the e-commerce giant’s sales in a competitive market.
North Korea fires suspected ICBM, its second this month
The launch came after North Korea promised “fiercer” military responses to the strengthening alliance among the U.S., South Korea and Japan, NBC News reports.
Five countries, other than China, most dependent on the South China Sea
Combined with an abundance of hydrocarbon reserves and marine life, the South China Sea is critical beyond its boundaries.
Why one UK CEO turned down the top job twice before she finally said yes
Vicky Bullen turned down the CEO role at branding and design agency Coley Porter Bell twice – but not because she didn’t want the job.
After ASEAN and G-20, diplomats make last push on Ukraine crisis at APEC
APEC is shaping up as the platform for a final diplomatic push with all eyes on the bloc to see if it delivers a joint statement that comes close to a unified position on Ukraine.
BofA says the bull case for chips is ‘compelling,’ picks its top stocks to buy
Semiconductor sales could rebound in the second half of 2023, BofA predicted. The bank highlights mega themes that stocks could ride on, and also picks names to buy.
JPMorgan says these global travel stocks are its top picks as China eases Covid restrictions
JPMorgan predicts that the recovery of Asia’s airline industry could recover to around two-thirds of pre-pandemic levels by the end of the year, and names stocks to buy.
New wave of resignations hits Twitter after Musk ultimatum
“The train has started in #social-watercooler,” one employee said, referring to a Slack room Twitter employees have used to notify others that they are leaving.
S&P 500 closes higher on Friday, but ends week with losses
Investors assessed new earnings reports and speeches from central bank speakers.
Japan sees core inflation at highest in 40 years as Asia-Pacific stocks trade mixed
Asia-Pacific investors digested Japan’s core consumer price index for October, reaching the highest level in 40 years.
