(Reuters) – Alibaba Group Holding is exploring options for its video streaming platforms Youku and Tudou, Bloomberg News reported on Tuesday, citing people familiar with the matter. One of the options under consideration is to inject the assets into Alibaba Pictures Group Ltd and bolster the scope of the Hong Kong-listed company, Bloomberg reported. (Reporting…
(Reuters) – The United States has condemned vandalism against the Indian consulate in the city of San Francisco, a State Department spokesman said, after a report of a protest at the mission by supporters of a separate state for the Sikh community. Sikh separatists tried to set fire to the consulate on the weekend, Reuters…
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank on Tuesday held interest rates steady saying it wanted more time to assess the impact of past hikes, but reiterated its warning that further tightening might be needed to bring inflation to heel. Wrapping up its July policy meeting, the Reserve Bank of Australia (RBA) kept its…
By Winni Zhou and Ryan Woo SHANGHAI/BEIJING (Reuters) – China’s major state banks have lowered their dollar deposit rates for the second time in a month, seven banking sources with direct knowledge of the matter said, as authorities have stepped up efforts to arrest a slide in the yuan. Interest rates offered by the “Big…
PARIS (Reuters) -Defiant gatherings were held outside town halls across France on Monday following a wave of rioting triggered by the fatal police shooting of a teenager of north African descent. Here is some key information about the unrest: WHERE ARE THE RIOTS? There was very little rioting overnight on Sunday and police made fewer…
By Libby George LONDON (Reuters) – Abdoulaye Diallo is paying over 50% more to fill up his “thiak-thiak” motorbike taxi in Keur Mbaye Fall, a suburb of Senegal’s capital Dakar, than he was before the government began lifting fuel subsidies in January. Diallo, 25, is already navigating punishing inflation and deadly political riots, but his…
By Lucy Papachristou (Reuters) – Sofia Gominova wanted to be a lawyer from age 11. Born after the fall of the Soviet Union, she grew up in a Russia blighted by organised crime and watched police dramas on TV, wanting to “fight evil like they did.” Now, at 29, Gominova believes she is doing just…
By Tassilo Hummel PARIS (Reuters) -Defiant gatherings were held outside town halls across France on Monday following a wave of rioting triggered by the fatal police shooting of a teenager of north African descent. Police made fewer than 160 arrests overnight, offering some relief for President Emmanuel Macron in his fight to reimpose order, just…
A look at the day ahead in European and global markets from Ankur Banerjee: It looks like we might be getting the Mark Zuckerberg v Elon Musk fight after all, just not in a cage. Meta Platforms plans to launch a microblogging app, Threads, challenging Musk just days after the Twitter executive chair announced a…
By Sarah Wu TAIPEI (Reuters) – Globalisation is taking a backseat to priorities such as national security and technological leadership, with U.S.-China relations consisting more of competition than cooperation, the retired founder of Taiwanese chipmaker TSMC said on Tuesday. Morris Chang, who founded the world’s largest contract chipmaker Taiwan Semiconductor Manufacturing Co Ltd (TSMC), said…
