An Amazon fulfillment centre in Prague, Czech Republic. Reuters
Chinese e-commerce giant Alibaba Group Holding beat fourth-quarter revenue forecasts on Wednesday, thanks to growth in its core business and its diversification into cloud computing and other services. Alibaba has invested in new business lines such as cloud computing as a boom in its core e-commerce has peaked and its top line growth is slowing.
China’s Alibaba Group Holding Ltd on Tuesday said its voice-controlled assistant will feature in local vehicles from Audi AG, Renault SA and Honda Motor Co Ltd, as the tech giant
The slashing of the global economic growth forecasts for 2019 by the International Monetary Fund (IMF) and the warning that growth could slow further due to trade tensions and a potentially disorderly British exit from the European Union (EU) should serve as a wakeup call for world leaders to take corrective measures through coordinated actions.
India’s current account (CA) balance deficit grew to $68 billion in 2018-19 from $49 billion the previous year, according to the International Monetary Fund (IMF), which said the deficit was justified by development needs.
After successful hospitality venture UAE’s leading business giant Danube Group, enters into the healthcare division with the launch of American Aesthetic Medical Center on Wednesday in Dubai.
Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, with nerves spreading from Wall Street through Asia to European markets.
Canadian University Dubai (CUD) has recently joined forces with two more leading names in the hospitality industry to help boost the skills supply to the UAE tourism sector as Dubai prepares to attract 25 million visitors by 2025.