Alibaba was once a Wall Street darling. After plunging 75% over three years, what’s next?
BEIJING — It’s been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just…
Saudi Arabia’s sovereign wealth fund overtakes Singapore’s GIC to top spending table
Saudi Arabia’s Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about…
China’s Xiaomi unveils its first EV as it looks to compete with Porsche, Tesla
BEIJING — Chinese consumer electronics company Xiaomi on Thursday detailed plans to enter China’s oversaturated electric vehicle market and compete…
A slew of new conflicts could erupt in 2024, analysts say — while the world is watching Gaza and Ukraine
With the eyes of the world on the ongoing wars in Ukraine and Gaza, an unprecedented number of potentially “catastrophic”…
UK and Switzerland sign post-Brexit financial services deal
LONDON — The U.K. and Switzerland on Thursday signed a post-Brexit financial services deal designed to bring two of Europe’s…
UK inflation slide fuels rate cut bets and jolts markets
LONDON — U.K. inflation fell by more than expected to hit 3.9% in November, in the lowest annual reading since…
‘Somebody has it wrong’ on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says
Markets are confused over the odds of a U.S. recession, and “somebody has got it wrong,” according to hedge fund…
Argentine President Milei warns economic shock unavoidable in maiden speech
Argentina libertarian economist Javier Milei took office on Sunday warning in his maiden speech that he had no alternative to…
China vows to ‘moderately’ strengthen fiscal policy to bolster economic recovery
China’s top decision-making body of the ruling Communist Party on Friday said the country’s fiscal policy “must be moderately strengthened”…
Saudi Arabia offers 30-year tax relief plan to lure regional corporate HQs
DUBAI, United Arab Emirates — Saudi Arabia announced a 30-year tax exemption package for foreign companies establishing their regional headquarters…
