Alibaba Group Holding Ltd. is bringing back two of Jack Ma’s longest-serving lieutenants to try and turn around a company that’s struggled to regain its footing since Beijing’s regulatory assault against the internet sector in 2021. Yet investors remain uncertain what they can do to restore an icon of Chinese private enterprise to its former glory.
From books to cloud computing, Amazon.com Inc. has gone on to dominate many segments over the years. Now Morgan Stanley projects that the e-commerce giant will become the biggest player in another space: beauty.
Rivian Automotive Inc. will incorporate Tesla Inc.’s electric-vehicle charging ports into future automobiles and gain access to its supercharger network, marking another high-profile adopter of technology that is rapidly becoming the industry standard.
Chile’s central bank held borrowing costs unchanged in an unexpected split vote and lowered their inflation forecasts, sending swap rates tumbling as policymakers indicated the start of an easing cycle was imminent.
The designated successor to Pirelli & C. SpA Chief Executive Officer Marco Tronchetti Provera will leave the company days after the Italian government ruled that the tiremaker’s biggest Italian shareholder can name its next CEO, according to a statement Tuesday confirming an earlier report by Bloomberg.
Donald Trump is facing an Aug. 14 trial date in the case against him by the Justice Department alleging the mishandling of classified documents, but that will likely be delayed once the former president’s legal team lodges expected legal challenges to the indictment and the government’s evidence.
Abu Dhabi National Oil Co. has made a preliminary takeover approach for German chemical producer Covestro AG, people with knowledge of the matter said, a potential acquisition that would rank as its biggest-ever overseas purchase.
Hungary lowered its key interest rate for a second month as the central bank seeks to ease the toll the European Union’s highest borrowing costs are taking on the recession-hit economy.
Slovakia’s president, who has faced years of attacks by the opposition for her commitment to transatlantic ties and support for Ukraine, said she won’t seek re-election in 2024.
Wild winds and extreme temperatures are on Bloomberg Green’s radar today.
