World

In a remarkable turn of events, Alibaba Group Holding Limited has exceeded analysts’ expectations for both profits and revenue in its latest quarterly report. The company announced net income of 48.945 billion yuan (approximately $6.72 billion) for the quarter ending December 31, 2023, markedly surpassing the LSEG forecast of 40.6 billion yuan. Revenue also outperformed
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In a significant development for China’s private enterprises, President Xi Jinping recently addressed a symposium with leading business figures, as reported by Xinhua News Agency. This meeting is seen as a pivotal moment, signaling a potential revival of governmental support for the private sector, which has faced numerous challenges over recent years. Economists are interpreting
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The competitive landscape of the semiconductor industry has been evolving at a breathtaking pace, with Intel, once a dominant force, now facing significant challenges. Recent reports have unveiled that both Taiwan Semiconductor Manufacturing Company (TSMC) and Broadcom are exploring potential transactions that could fundamentally reshape Intel’s structure. These discussions indicate a critical juncture not only
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The complexities surrounding NATO’s defense expenditures have come under intense scrutiny, particularly as the geopolitical landscape shifts with an increasingly assertive United States. NATO Secretary General Mark Rutte, addressing attendees at the Munich Security Conference, underscored the necessity for European member states to adopt a more proactive stance. This call for action comes at a
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In 2024, Singapore’s economy reported a remarkable GDP growth of 4.4%, illustrating a vibrant recovery and marking the most significant expansion since the global disruptions caused by the pandemic in 2021. Data revealed on Friday highlighted that this growth was significantly propelled by key sectors such as wholesale trade, finance and insurance, and manufacturing. The
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In the evolving landscape of China’s financial markets, the trend of generous dividend payouts and aggressive share buybacks is seizing the attention of investors, signaling a significant shift in corporate governance and financial strategies. For decades, domestic companies faced scrutiny for their limited returns to shareholders. However, fueled by government incentives and regulatory reforms, the
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