Chinese billionaire Jack Ma, Alibaba co-founder to retire – report
Jack Ma, the co-founder and executive chairman of Chinese e-commerce giant Alibaba Group, is retiring according to report by the New York Times. In an interview with times, Ma said he planned to step down as executive chairman on Monday to pursue philanthropy in education. He started Alibaba in 1999 in his apartment in the […]
China warns of tariffs on imported US goods worth $60bn
China has revealed plans to impose retaliatory tariffs on US imports worth $60 billion (£46bn), firing the latest volley in the mounting trade dispute between the world’s two largest economies. Signaling the nation’s readiness to respond to the higher tariffs threatened by Donald Trump on $200bn of Chinese imports, officials in Beijing said countermeasures were […]
Epic antitrust fight looms for AT&T’s $85b Time Warner deal
The Justice Department is suing AT&T to stop its $85 billion purchase of Time Warner, setting the stage for an epic legal battle with the telecom giant. It could also create a new headache for President Donald Trump, whose public statements have raised suspicions that he might have interfered with the department’s decision, potentially undermining […]