Town Hall News

SHANGHAI/HONG KONG (Reuters) -Alibaba Group’s breakup into separate companies will allow its business units to become more agile and eventually list on their own, the tech conglomerate’s chief executive Daniel Zhang said on Thursday. Zhang’s comments come two days after Alibaba announced its largest restructuring in the company’s history, which will see it change into a holding company structure with six business units, each with their own boards and CEOs. […]

SHANGHAI/HONG KONG (Reuters) -Alibaba Group’s breakup into separate companies will allow its business units to become more agile and eventually list on their own, the tech conglomerate’s chief executive Daniel Zhang said on Thursday. Zhang’s comments come two days after Alibaba announced its largest restructuring in the company’s history, which will see it change into a holding company structure with six business units, each with their own boards and CEOs. […]

SHANGHAI/HONG KONG (Reuters) -Alibaba Group’s breakup into separate companies will allow its business units to become more agile and eventually list on their own, the tech conglomerate’s chief executive Daniel Zhang said on Thursday. Zhang’s comments come two days after Alibaba announced its largest restructuring in the company’s history, which will see it change into a holding company structure with six business units, each with their own boards and CEOs. […]

SHANGHAI/HONG KONG (Reuters) -Alibaba Group’s breakup into separate companies will allow its business units to become more agile and eventually list on their own, the tech conglomerate’s chief executive Daniel Zhang said on Thursday. Zhang’s comments come two days after Alibaba announced its largest restructuring in the company’s history, which will see it change into a holding company structure with six business units, each with their own boards and CEOs. […]

By Sarah Morland (Reuters) – “I said I would hand myself in, but the police kicked down the gate,” Tamara Davila, a formerly jailed Nicaraguan activist on Wednesday told regional diplomats looking into allegations of abuses by President Daniel Ortega’s government. Davila is one of 222 political prisoners who were flown to the United States last month in a mass release, after which many were stripped of their Nicaraguan citizenship. […]

(Reuters) -Electronic Arts Inc said on Wednesday it would lay off about 6% of its workforce and reduce office space, making it the first major videogame publisher to announce job cuts. Technology firms have led the latest round of layoffs as U.S. companies brace for a potential economic downturn amid rising interest rates around the world. Meta Platforms Inc and Amazon.com Inc announced a second round of job cuts this […]

SYDNEY (Reuters) – Job vacancies in Australia eased in the three months to February, the third straight quarter of decline, but still far above pre-pandemic levels in a sign of a still tight labour market. Figures from the Australian Bureau of Statistics (ABS) out on Thursday showed vacancies in the February quarter fell 1.5%, from the previous quarter, to 438,500. That was the lowest number in a year, but still […]

GENEVA (Reuters) – Equatorial Guinea has confirmed 13 cases of Marburg disease since the beginning of the epidemic, its health officials said on Wednesday after the head of the World Health Organization (WHO) urged the Central African country’s government to report new cases officially. Marburg virus disease is a viral haemorrhagic fever that can have a fatality rate of up to 88%, according to the WHO. Symptoms include fever, fatigue […]

By Yantoultra Ngui, Phuong Nguyen and Anshuman Daga SINGAPORE/HANOI (Reuters) -Vietnam’s largest conglomerate, Vingroup, is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic investors, five sources told Reuters on Wednesday. Vincom Retail, Vietnam’s biggest shopping mall operator, which is nearly 60% controlled by Vingroup, commands a market value of $2.8 billion. The sources said Thailand’s biggest retailer Central Group and […]