Alibaba shrugs off China antitrust penalty
SHANGHAI, 12 April 2021: Chinese digital commerce giant Alibaba today said the large antitrust fine from Chinese authorities announced last weekend will not have great repercussions for the company, whose …
China slaps 18 billion yuan anti-monopoly fine on Alibaba
BEIJING, 10 April 2021: Chinese regulators have slapped a record fine of 18 billion yuan (US$2.75 billion) on Alibaba in an anti-monopoly probe against the e-commerce giant. Chinese regulators have …
Mondelez to offer graduate careers for winners of its business competition
KUALA LUMPUR, 8 April 2021: Mondelēz International has launched Southeast Asia’s first-ever Mondelēz International Leading Edge Business Challenge, with registration closing next Friday (April 16) – with winners poised to …
Bolivia pilots biodiesel production from garbage (video)
SUCRE, 8 April 2021: Bolivia is watching with interest a pilot project that is producing biodiesel from waste at a small plant in the second city of El Alto. Engineers …
Toshiba confirms CVC buyout offer
TOKYO, 7 April 2021: Toshiba shares gained up to 8% at the start of trading at the Tokyo Stock Exchange today after its president confirmed the Japanese technology company has …
India to produce 100 million Sputnik V annual doses
MOSCOW, 6 April 2021: The Russian Direct Investment Fund (RDIF) yesterday announced an agreement with the Indian Panacea Biotec to produce 100 million annual doses of the Sputnik V coronavirus …
LG exits mobile phone manufacturing
SEOUL, 5 April 2021: LG Electronics today announced it will stop manufacturing mobile phones due to the increasing competitiveness of the sector, which comes after recording a five-year deficit in …
India tapping into low-cost satellite launch market
NEW DELHI, 3 April 2021: India’s space programme has become a success story despite having to do with limited resources, and now the country is seeking to take advantage of …
Sinovac can produce 2 billion Covid-19 vaccines annually
BEIJING, 2 April 2021: Chinese pharmaceutical company Sinovac will double the production of its Covid-19 vaccines to reach 2 billion yearly doses – thanks to the development of a third …
OPEC+ to pump extra 2 million barrels of crude oil daily
VIENNA, 2 April 2021: The OPEC+ alliance, headed by Saudi Arabia and Russia, yesterday agreed to gradually increase its petroleum production – with the group of oil-producing nations adding some …