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Alibaba Group cloud eyes state firms for up to $3 billion fundraising

Alibaba planned to spin off the unit by distributing a stock dividend to shareholders within 12 months, the company announced in May

China planning to create new agency to promote private sector growth

The private economy development bureau will be responsible for tracking and analyzing the state of the industry, along with coordinating and drafting policies

Big tech braces for EU's biggest clampdown on anti-competitive practices

Big Tech is bracing for the European Union's biggest ever clampdown on anti-competitive practices in the digital economy, potentially provoking a new wave of legal battles

Huawei chip shows US curbs on China's semiconductor are porous, not useless

Regulations announced by the US Commerce Department in October last year restrict the export of manufacturing tools that can churn out processors at 16 nanometers or below

September rains will limit risks to food supplies, says Food Secy Chopra

India, the world's top rice shipper, has now restricted exports of every variety of the staple. It is also selling tomatoes, onions and grains from state reserves to improve local supplies

CEA Nageswaran plays down impact of weakest rains in over a century

"I don't think we should overstate the worry. Sowing in some regions is low but irrigation levels, reservoir levels are good enough to offset that," he said

Xi Jinping's G-20 snub marks shift from statesman to China's emperor

The Chinese leader has attended every G-20 leaders' summit since taking power in 2012, and he's also sought to burnish his image as a peacemaker

Rice prices in Asia hit 15-yr high after India's 6-week campaign of curbs

Rice is vital to the diets of billions and contributes as much as 60% of the total calorie intake for people in parts of Southeast Asia and Africa

Saudi Arabia's PIF set to take control of country's top steel producers

Stage set for creation of a new national steel giant

AI fused with trade data may finally smooth clogged supply chains

AI tools are helping many organizations simplify trade-data analysis in ways that may help smooth cross-border commerce

Oil industry elite hits Singapore to debate over crude's next twist

Producers, hedge funds, analysts and traders will all converge on the Southeast Asian city-state for this year's Asia Pacific Petroleum Conference, organized by S&P Global Commodity Insights

BMW unwraps next-generation EV lineup to take on Tesla, China's BYD

The Vision Neue Klasse concept car, on display at next week's IAA show in Munich, shows off BMW's dedicated EV underpinnings due in 2025

India extends coal import mandate to power plants to avoid blackouts

The decision comes amid surging electricity demand, partly a result of deficient rainfall that's forcing farmers to run irrigation pumps to water their fields, Agarwal said

Ahead of G20 Summit in New Delhi, Canada pauses trade talks with India

India's high commissioner to Canada confirmed that Trudeau's team initiated the pause, which was first reported Friday by the Canadian Press

SoftBank Group lines up Apple, Nvidia as strategic Arm IPO backers

The investors will put in amounts ranging from $25 million to $100 million, according to the people

Spotify to cut back promotional spending on white noise podcasts: Report

Spotify has been paying and providing ad support to podcasters who provide white-noise programming

Dependence on cheap Russian crude oil will fall sharply: Hardeep Puri

India's consumption of Russian crude has soared since President Vladimir Putin's invasion of Ukraine in February last year, ousting Saudi Arabia and Iraq from the top spots

JP Morgan found $1 bn in suspicious Epstein activity: US Virgin Islands

The financial activity was detailed in a filing to the US Department of Treasury in 2019, a lawyer for the USVI said in federal court in Manhattan on Thursday

China's electric vehicle war gets fiercer as Tesla, Zeekr dial it up

There were signs that China's intense EV price war, which has eaten into automakers' margins, was starting to abate in June and July but Friday's action has cast doubt over that

Tesla's $41,000 model X discount unlocks subsidies Musk wanted gone

Musk in December 2021 called for the Biden administration to get rid of the incentives, citing concerns about government spending and the deficit