BABA posts 58% profit jump but sales miss

Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness in the world’s second-largest economy hit consumer spending. Alibaba said net income rose 58% year on year to 43.9 billion yuan ($6.07 billion) in the company’s … Read more

Valencia chief Carlos Mazón admits flood mistakes but defies calls to quit

EPA-EFE/REX/Shutterstock The sludge after the 29 October flood remains in Paiporta and Carlos Mazón has faced calls to resign Valencia’s under-fire leader Carlos Mazón has conceded mistakes were made on the day that floods overwhelmed his region but said it was down to two government agencies that people were not given enough warning. More than … Read more

What if Trump is right on trade?

Canadians have feared Donald Trump when it comes to trade. They’ve fumed at his policies. They’ve said his threats and tariffs will bring chaos and disorder. But might they actually agree with him? It’s easy to make the case that the second Trump presidency will be bad for Canada. Trump has threatened a 10 per … Read more

Mysterious far side of the moon once had erupting volcanoes, lunar soil retrieved by Chinese spacecraft confirms

Volcanoes were erupting on the mysterious far side of the moon billions of years ago just like on the side that we can see, new research confirms. Researchers analyzed lunar soil brought back by China’s Chang’e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side. Two separate … Read more

New storm bears down on the Philippines after Typhoon Usagi wrecked havoc | Weather News

Another dangerous storm is barrelling towards the Philippines, threatening an area where dozens of people were killed by flash floods and landslides just weeks ago, the weather service said. Typhoon Usagi blew out of the archipelago nation on Friday as rescuers worked to reach residents stranded on rooftops in northern Luzon island, where herds of … Read more

SCOTT BESSENT: Let’s talk tariffs. It’s time to revitalize Alexander Hamilton’s favorite tool

NEWYou can now listen to Fox News articles! For months, economic commentators parroted the Harris campaign’s misleading talking point that tariffs are a “sales tax.” Like much of economists’ conventional wisdom, this view is fundamentally incorrect. The reflexive opposition to tariffs represents political ideology and advocacy, not considered economic thought. The truth is that tariffs … Read more