Heats
Alibaba risks deepening US$100 billion rout as turf war heats up
[HONG KONG] A protracted battle in China’s food-delivery market has chopped US$100 billion in market value from Alibaba Group Holding, with no end in sight for damage to profits...
China warns BYD, rivals to self-regulate as price war heats up
[BEIJING] Chinese officials summoned the heads of major electric vehicle makers, including BYD, to Beijing earlier this week to address concerns about the long-running price war, according to people...
Thailand’s virtual bank race heats up
[BANGKOK] Thailand’s finance ministry is set to issue three virtual banking licenses by mid-June – a move that could jolt the country’s lucrative but tightly held financial sector, long...
OpenAI teams up with former Apple design chief Jony Ive as AI race heats up
Jony Ive, a former Apple executive known for designing the iPhone, is joining forces with OpenAI, the San Francisco startup behind popular chatbot ChatGPT.On Wednesday, OpenAI said it’s buying...
Danielle Smith says she won't muzzle UCP caucus as referendum talk heats up
OTTAWA — Alberta Premier Danielle Smith says that her United Conservative Party supports national unity, but adds that she won’t stop members of her caucus from expressing different views...
Mercedes set to cut jobs in China as local competition heats up
MERCEDES-BENZ Group and its subsidiaries are planning to cut up to 15 per cent of the automaker’s workforce in China, mainly within its financing and sales units, as the...
Luke Littler responds to Michael van Gerwen's 'baby' jibe as darts rivalry heats up
Reigning champion Luke Littler will begin the defence of his Premier League title on Thursday one month on from claiming the World Championships over Michael van Gerwen - and...
UniCredit heats up Italy finance battle with new Generali stake
UNICREDIT has made a surprise new move in the fight to dominate the Italian financial system by unveiling a minority stake in Assicurazioni Generali.The Milan-based bank confirmed the purchase...
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