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BEIJING (Reuters) – China’s Alibaba (NYSE:) Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group (OTC:) to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.58 billion). The 78.7% share represents holdings held by Alibaba subsidiaries, according to a filing to the … Read more
Chelsea are reported to have received an offer from Torino for midfielder Cesare Casadei. Casadei, 21, joined Chelsea from Inter in the summer of 2022 for an initial £12.6m, with a further £4.2m in add-ons, but has yet to make his mark on the Blues after a series of mixed loan spells with Reading and … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hollywood has a star problem. The latest generation of leading men and women are all blessed with the sort of beauty, talent and charm that breed public adoration. Yet 20-somethings like Zendaya, Paul Mescal and … Read more
Audiophiles have long looked down on digital music because the sound quality was notably inferior for golden-eared listeners with distinguishing tastes. The development of lossless file formats (such as FLAC) and cheap ample multi-gigabyte storage have made portable high-fidelity music a reality. At this point, there are really only two major players in the high-end … Read more
Barcelona have made another attempt to re-register players Dani Olmo and Pau Victor, the club confirmed on Tuesday. The Catalan giants announced they had submitted applications for Olmo and Victor to the Spanish Football Federation (RFEF) just hours before the midnight registration deadline. Barcelona also denied claims of requesting any delay from governing bodies for … Read more
In his New Year’s address, President Volodymyr Zelensky of Ukraine urged continued U.S. support.
The top CD rates are already paying 5% or more. Read More
A rare Russian aerial attack on the heart of the Ukrainian capital early on Wednesday killed two people, injured at least six and damaged a residential building in Kyiv. The strikes came hours after Ukrainian President Volodymyr Zelensky, in a New Year’s Day message, vowed that “no cruise missile” could defeat the nation.
Palantir Technologies (NASDAQ: PLTR) stock simply took off in 2024, registering eye-popping gains of 340% as of this writing and handsomely crushing the 23% gains registered by the Nasdaq Composite index during the year. The company, known for supplying software platforms and analytics to both federal and commercial customers, has been in the limelight thanks … Read more