Investing.com — Chinese e-commerce giant Alibaba (NYSE:) Group Holding Ltd (NYSE: BABA) reported better-than-expected third-quarter earnings on Thursday, sending its shares up 3.2% in premarket trading. The company posted adjusted earnings per share of RMB15.06 ($2.15), beating analyst estimates of RMB14.79, but falling 4% year-over-year. Revenue came in at RMB236.5 billion ($33.7 billion), up 5% YoY but slightly below the consensus forecast of RMB239.97 billion. Alibaba’s core China commerce retail business saw customer management revenue increase 2% YoY to RMB70.4 billion, driven by online GMV growth. The company’s Cloud Intelligence Group revenue rose 7% to RMB29.6 billion, with AI-related product revenue…
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Alessandro Ramazzotti is a researcher at the International Accountability Project, an international advocacy organization Animal agriculture is one of the leading drivers of the climate crisis. According to a recent World Bank report, food and agriculture generate almost a third of global greenhouse gas emissions, of which meat and dairy account for nearly 60 percent. Separate analysis shows that cattle ranching accounts for around 70 percent of the current deforestation of the Amazon. Recognising the significant problems that animal-based foods are causing, the World Bank’s cafeteria stopped serving meat earlier this year. At the IMF-World Bank annual meetings last month,…
Ghana’s Environmental Protection Agency (EPA) has advanced its climate action efforts by integrating the Ghana Carbon Registry (GCR) into a blockchain-based Internationally Transferred Mitigation Outcomes (ITMO) network. This move supports the digital trading and settlement of ITMOs, a key mechanism under Article 6.2 of the Paris Agreement. Why it matters • For Ghana: This positions the country as a frontrunner in Africa’s carbon markets, leveraging ITMOs to attract international climate finance for mitigation and adaptation projects. • For Singapore: The collaboration allows Singaporean firms to access high-quality carbon credits from Ghana, bolstering their emissions reduction goals. The big picture ITMOs…
Image source: Getty Images Sometimes when I look at examples of how to build a second income, I need to have £100k+ of initial capital. For example, this relates to buying a property to rent out. Yet via dividend shares, I have the potential to build up cash flow even if I can only afford £250 to begin with. Here’s the strategy I’d use. Building up a portfolio I’m going to assume that each month I have spare funds of £250 that I can afford to invest in the market. To avoid paying high transaction costs via my investment provider,…
The drugmaker has convincingly laid to rest the biggest threat to its top line. It’s always a good sign when a company successfully navigates a period of uncertainty with the help of a well-executed plan. For AbbVie, (ABBV -0.42%) it looks like some celebration is in order, because it just resolved one of its most pressing issues of the past few years. Here’s how this drugmaker proved the bears wrong, and why that means it’s worth investing $1,500 in today. A major period of uncertainty is ending At the start of 2023, U.S. patent exclusivity expired for the blockbuster drug…
By Ahmed Aboulenein and Michael Erman WASHINGTON/NEW YORK (Reuters) – Robert F. Kennedy Jr. vowed to purge the U.S. Food and Drug Administration shortly before being chosen as President-elect Donald Trump’s nominee for health secretary. Any changes he wants to make will come up against a pharmaceutical industry that pays much of the regulator’s bills. Kennedy, an environmental activist who has helped sow doubts about the safety and efficacy of vaccines, would have authority over the nation’s agencies responsible for public health, government-funded health insurance plans for more than 140 million including the poor, those 65 and older, and the…
Roughly three decades ago, the advent of the internet changed everything for corporate America. Although it took many years for the internet to mature as a technology, and for companies to realize its full potential, it’s positively altered the growth trajectory for businesses and opened new doors that previously hadn’t existed. Since the mid-1990s, Wall Street has been waiting for a new technology or game-changing innovation to replicate what the internet did for businesses. Artificial intelligence (AI) appears to have answered the call. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free…
BERLIN (Reuters) -Germany’s embattled minority government has named Greens politician Tobias Lindner as its transatlantic coordinator tasked with preparing for the second U.S. presidency of Donald Trump, the foreign ministry said in a statement on Friday. Lindner’s predecessor, Michael Link of the Free Democrats (FDP), who had cultivated ties with Republicans and Democrats ahead of the election, was a casualty of the collapse of Chancellor Olaf Scholz’s three-party coalition last week. The break-up, which has created a leadership vacuum in Europe’s largest economy just as it seeks a united response to the U.S. election, will prompt a confidence vote in…
Singapore’s sovereign wealth fund GIC Pte. believes in the long-term potential of the US and will continue to invest there even as geopolitical rivalries heat up, according to former prime minister and GIC Chairman Lee Hsien Loong.More than a third of GIC’s global portfolio is in the US, Lee said in a speech in New York on Wednesday. GIC’s total portfolio saw an average annual return of about 4% over the past 20 years, above the global inflation rate, he said. Source link
By Maya Gebeily BEIRUT (Reuters) – An Israeli airstrike flattened a building near one of Beirut’s busiest traffic junctions on Friday, shaking the Lebanese capital as Israel kept up its intensified bombardment of Hezbollah-controlled areas of the city. One of several airstrikes on Friday morning, the attack struck near the Tayouneh junction in an area where the Hezbollah-controlled southern suburbs meet other parts of the city, a more central target than most that Israel has hit. Israel has this week stepped up airstrikes against the Hezbollah-controlled southern suburbs – an escalation that has coincided with indications of movement in U.S.-led…