Alibaba seeks to reassure investors as Beijing’s business enterprise crackdown grows

The Chinese on the web procuring behemoth has been slammed in latest months by Beijing’s widening crackdown on private business enterprise, stoking issues about its foreseeable future. On Tuesday, it described a drop in earnings even with an maximize in revenue.

Internet revenue of 45.1 billion yuan, or about $7 billion, slipped from 47.6 billion yuan it gained a yr earlier. But its altered earnings were being a little bit greater than a short while ago lowered estimates from analysts. Alibaba’s profits of 205.7 billion yen, or about $32 billion, while up 34% from a calendar year ago, fell a … Read more

Delivery marketplace seeks to beat dark oil transfers at sea

An oil tanker is witnessed in the sea east of Caracas in this 2003 file photograph. REUTERS/Jorge Silva//File Photograph

  • Rise in volume of oil transfers by countries hit by sanctions
  • Top oil shipping and delivery companies involved about phony documentation

LONDON/MEXICO Town, July 13 (Reuters) – Major oil shipping companies say they have tightened operational guidelines and deployed technologies to prevent accidental breaches of sanctions, as the international locations strike by at any time more durable limits struggle back with elaborate tactics to dodge them.

Washington has ramped up transport-relevant sanctions above the previous two decades to make it more

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The cruise-ship sector seeks to refloat

THE Newest addition to the fleet of Carnival, the world’s biggest cruise operator, is the Mardi Gras. This ocean-heading playground for 5,300 travellers will come complete with 6 diverse zones, such as a “French Quarter”, two dozen dining places and a rollercoaster. It is established to arrive at its foundation in Florida in early June. That is a year at the rear of schedule—but maybe just in time for a revival of the industry, which has been hit more challenging than just about any other by the pandemic.

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