Alibaba Group Holding Ltd. e-commerce division will make “huge” investments in its Taobao shopping app after the Chinese company’s restructuring produced six new units able to raise funds and seek listings independently.
M-Kopa, a financial technology firm based in Kenya, raised more than $250 million of debt and equity to fund its expansion in sub-Saharan Africa, Chief Executive Officer Jesse Moore said.
Beatriz Martin’s first job at UBS Group AG was to help shrink the investment bank after a $2 billion loss from a rogue trader. Eleven years later, Chief Executive Officer Sergio Ermotti is turning to her again for a key role in the biggest restructuring in global finance.
Vice Media LLC filed for bankruptcy protection and struck a deal to sell itself to creditors, a precipitous fall for the company that once boasted a $5.7 billion valuation.
China has sentenced a 78-year-old American to life in prison on spying charges, as the world’s No. 2 economy prioritizes eliminating national security risks.
The UK and Switzerland are kicking off negotiations for a new free trade agreement to boost the exchange of services between the two countries post-Brexit.
A big Indian state election win has given a boost to Rahul Gandhi’s Congress party in its quest to unseat Prime Minister Narendra Modi in a national vote next year. But it still faces a long road ahead.
A US watchdog found that $10 million in World Bank borrower funds were awarded to contractors with possible links to Huawei Technologies Co., exposing a rift between Washington’s national security priorities and the policies of the global development lender, where the US is the largest shareholder.
Google is adding two new features to its image search to reduce the spread of misinformation, especially now that artificial intelligence tools have made the creation of photorealistic fakes trivial.
Japanese talent agency Johnny & Associates Inc. issued an apology in response to allegations that founder Johnny Kitagawa sexually abused young men represented by the firm.
