Tag Archives: as

Alibaba revenues jump 60% as Chinese growth continues

Revenue at e-commerce giant Alibaba jumped 60% in the first three months of the year, powered by a growing customer base in China. More than 450 million Chinese shoppers used its sites during the quarter, with the average annual spending up by about a third, Alibaba said. The growth pushed revenues for the period to $5.6bn (£4.3bn). But… Read More »

AIG names turnaround expert Duperreault as CEO to improve performance

American International Group (AIG.N) named Brian Duperreault as its new chief executive officer on Monday, selecting a protege of former CEO Hank Greenberg and an industry veteran known for his turnaround expertise. Duperreault, age 70, is the founder and chief executive officer of Hamilton Insurance Group Ltd in Bermuda, and is seen as a short-to-medium term replacement for… Read More »

10 Tips for Establishing Yourself as an Influence Marketer

Influence marketing involves businesses developing relationships with influential people (especially online) in order to help create greater awareness and visibility of their services or product. Rather than targeting the market as a whole, influence marketing focuses on certain key individuals. It has become one of the most effective strategies to reach customers and build brand awareness. Hiring a… Read More »

North Korea warns of ‘merciless’ strikes as US carrier joins South Korea drills

A woman walks by a poster with an illustration of US President Donald Trump held by a protester during a rally to oppose a plan to deploy an advanced US missile defence system and joint military exercises between the US and South Korea, near the US Embassy in Seoul, South Korea.(AP) North Korea warned the United States on… Read More »

Allianz plays down talk of big deals as hands cash to investors

Allianz (ALVG.DE) played down talk of it making a major acquisition any time soon as its chief executive Oliver Baete said on Friday the German insurer could grow without deals. The Munich-based group said it would return up to 3 billion euros (£3 billion) to shareholders, but made clear this did not exclude the possibility of it being… Read More »

KitKat maker Nestle misses forecasts as profit falls

Nestle, which makes KitKats, Nescafe and Purina pet food, has said it will steepen its cost-cutting plan after unveiling disappointing results. Net profit for 2016 fell to 8.5bn Swiss francs (£6.78bn) from 9.1bn a year earlier. Analysts had expected 9.59bn francs’ worth of profit. Sluggish food inflation in most of its markets and easing demand in emerging markets… Read More »

Trudeau praises Ceta as ‘blueprint’ for trade deals

Canada’s Prime Minister Justin Trudeau says his country’s Ceta trade deal with the EU will help middle-class families and set the standard for future trade deals globally. Addressing the European Parliament, he called Ceta “a comprehensive blueprint for responsible economic co-operation”. MEPs approved Ceta on Wednesday, after nearly eight years of negotiations. Most trade tariffs will be removed.… Read More »

Honor V9 to be available outside China as Honor 8 Pro

Huawei announced it will unveil Honor V9 on February 21 – the week before MWC. The device has a ChinaMobile branding on its back, indicating its China-exclusive status. But according to a company insider the device will go global just under a different name. The V9 will be rebranded to Honor 8 Pro and revealed at the Huawei… Read More »

EU clears German plan for electric vehicle charging network

The European Commission said on Monday it had approved German plans for an infrastructure network for charging electric vehicles across the country. The plan, at a total cost of 300 million euros (255 million pounds) over four years, will require that the electricity comes from renewable energy sources, with contracts awarded through an open tender process. “Electric vehicles… Read More »

Prada 2016 revenue down 10 percent as Asia, Japan lead global decline

Italian fashion group Prada (1913.HK) reported a 10 percent drop in revenues on Monday as sales fell across all regions, including Japan and its top market Asia Pacific. Consolidated revenues in the financial year through January 2017 fell to 3.18 billion euros (3 billion pounds), down from 3.55 billion euros a year before. At constant exchange rates sales… Read More »