Ant Group, an affiliate of Alibaba, has given the first look at its financials ahead of its highly-anticipated initial public offering (IPO). The financial technology powerhouse, which is still controlled by Alibaba founder Jack Ma, reported pro... Read more
British financial technology firm Revolut said its losses more than tripled in 2019, despite a surge in revenues and customer numbers. The London-based start-up, which offers banking and trading services through an app, posted a total loss of £1... Read more
UK grocery sales growth reached a record high in the three months to 12 July as the coronavirus pandemic and lockdown restrictions forced consumers to eat at home amid the closure of restaurants, cafes and workplaces. Sales of groceries were up... Read more
In the face of the COVID-19 crisis and economic turbulence, marketers are anticipating lower budgets and higher goals. CMOs are trying to figure out what to do. They must decide how to respond to this unprecedented situation, how to make the rig... Read more
Huawei could be banned from participating in India’s 5G network rollout, just months after it was given the green light to participate in the country’s trials for the technology. It comes after the Indian government said it would block 59 Chines... Read more
A lawsuit filed in a New York court against Credit Libanais and two smaller banks is alleging that all three banks, separately, have issued bad checks and misrepresented their situation. At the time of the lawsuit, the plaintiffs had $5.4 millio... Read more
Nearly half of Ontarians who plan to buy a home in the next two years say that they are willing to consider going ahead with a purchase even if they can only view the property virtually, according to a new poll commissioned by the Ontario Real E... Read more
On my first day at the Hilton Hotels Corporation in March 1999, I was handed my employee manual and a copy of “Be My Guest,” the autobiography of the company’s founder, Conrad Hilton. Hilton Hotels enjoyed its most significant expansion during T... Read more
Dubai property developer Nakheel has cut salaries by as much as half as the pandemic hits Dubai property developers and mall owners. The salary cuts took effect from April 1 and varied according to employee grades the developer said in a stateme... Read more
Stock markets around the world are tumbling into correction territory as fears of a possible pandemic escalate, with cases of the new coronavirus surging outside China. More than 83,000 people in around 50 countries have now been infected. World... Read more
