SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group announced on Tuesday it will split into six business units, each with its own CEO and board of directors, and adopt a holding company management model, in the biggest revamp of its 24 year history. Alibaba has long relied on e-commerce as its core business, with smaller …
FACTBOX-How Alibaba’s six new business units stack up Read More »
By Asif Shahzad ISLAMABAD (Reuters) – Pakistani Prime Minister Shehbaz Sharif appealed to parliament on Tuesday to act against predecessor Imran Khan over accusations that his party was involved in violence that erupted when police tried to arrest him for alleged corruption. The clashes occurred earlier this month after Khan’s supporters prevented police and paramilitary …
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BEIJING (Reuters) – Chinese pork processing giant WH Group Ltd processed 30% more poultry last year, the company said on Tuesday, as it diversifies into other meats to lower costs and become more competitive. WH Group, which owns U.S.-based Smithfield Foods and also has operations in Europe, reported a 34.3% rise in annual profit to …
Chinese pork giant WH Group processes more chicken to offset competition Read More »
By Ruma Paul DHAKA (Reuters) – Bangladesh needs better coordination with neighbouring South Asian countries in its quest for cleaner air, a World Bank report said on Tuesday. Air pollution, which can comprise a mixture of solid particles, liquid droplets and gases, is causing about 20% of the total number of premature deaths in Bangladesh, …
Bangladesh must work with neighbours to cut pollution, says World Bank Read More »
By Napat Wesshasartar and Jorge Silva MAYA BAY, Thailand (Reuters) – On any given day in Thailand’s Maya Bay, up to 40 blacktip reef sharks cruise in the cyan shallows while about 4,000 tourists visit its white-sand beach flanked by towering cliffs. Shark numbers have improved since almost every last one was driven from the …
Sharks, tourists jostle for space around Thai destination island Read More »
(Reuters) – China will accelerate the construction of large scale solar energy plants and standardise the planning and development of land for solar projects, the natural resources ministry said on Tuesday. New or expanded solar developments should not be built on farmland, grasslands or protected forest lands, the ministry said in a statement. The rapid …
China to spur building of solar plants, standardise land selection Read More »
By Krishn Kaushik and Arpan Chaturvedi NEW DELHI (Reuters) – The conviction of Indian opposition leader Rahul Gandhi in a criminal defamation case last week has led to calls for change to a law that treats defamation as a crime and instead to make it a civil offence. Gandhi was found guilty of defamation for …
Factbox-Why Indian opposition leader Gandhi faces jail for defamation Read More »
By Bharath Rajeswaran BENGALURU (Reuters) -Indian shares settled lower on Tuesday as caution over broader economic challenges and a sharp slide in Adani group stocks soured sentiment, while investors awaited some key economic data due later in the week. The Nifty 50 index closed down 0.20% at 16,951.70, while the S&P BSE Sensex fell 0.07% …
Indian shares end lower as caution prevails; Adani stocks slide Read More »
MUMBAI (Reuters) – The rising capital expenditure (capex) trend of Indian corporates is likely to continue and grow at 10%-12% a year during the next fiscal year to March 2024, Fitch Ratings said in a release on Tuesday. Fitch said capex was flat over FY19 to FY21 and grew 16% in FY22. The forecasts are …
Indian corporates likely to see 10%-12% capex growth in FY24: Fitch Read More »
NEW DELHI (Reuters) – India has selected 11 companies to manufacture 39,600 megawatts (MW) of domestic solar PV modules, including Indosolar, Reliance and First Solar, the government said in a statement on Tuesday. The allotments are part of tranche two of a production-linked incentive scheme with a total outlay of 140 billion rupees ($1.7 billion), …
India selects 11 companies to manufacture solar PV modules Read More »
