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Father of Alibaba to resume cloud-based activities

In an announcement made on Tuesday, Alibaba Group (9988.HK) revealed that its CEO and chairman, Daniel Zhang, will relinquish his positions to concentrate on...

A pause in labs: Brit innovation left to grasp for straws

Ros Deegan had the exhilarating experience of raising $100 million to expand her biotech company in Oxford. However, her excitement was dampened by the...

Chinese firms demanded to dress modest; economy in duces

Chinese financial institutions are actively implementing austerity measures in response to Beijing's efforts to address the wealth gap, which include reducing salaries, bonuses, travel,...

ECB to hike costs further even as markets grasp at straws

The European Central Bank (ECB) is highly likely to implement the highest borrowing costs in 22 years on Thursday, demonstrating its commitment to combating...

Investors stay alert for economic movement; Fed signs its moves

The recent hawkish stance of the Federal Reserve, amidst a strong rally in the stock market, has presented investors with a dilemma: how to...

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