Amos Genish confirmed as CEO of Telecom Italia

Israeli Amos Genish was on Monday confirmed as chief executive officer of Telecom Italia, by the new board of directors, after US hedge fund Elliott Management won control of the company following a power struggle with French ...

China's ZTE says it's seeking a solution to US tech ban

ZTE Corp., one of China's biggest tech companies, said Sunday that it is taking steps to comply with a U.S. technology ban and that it is seeking a solution to the issue it says threatens its survival.

Alibaba doubles investment in SE Asia e-commerce firm

Chinese e-commerce giant Alibaba said Monday it will appoint one of its founders as head of Lazada and inject another $2 billion into Southeast Asia's leading online shopping firm, boosting its regional expansion.

NY Times reports more subscribers, posts Q4 loss

The New York Times said Thursday it saw accelerating growth in digital subscribers in the fourth quarter, delivering a lift to share prices for the prestigious newspaper group.

Kuwait to spend $500 bn on oil projects by 2040

OPEC member Kuwait plans to spend more than half a trillion dollars by 2040 to boost its oil and gas output and refining capacity, a top executive said on Wednesday.

Head of Taiwan microchip giant TSMC set to retire

The man who founded Taiwan Semiconductor Manufacturing (TSMC) and made it the world's biggest microchip producer in terms of contracts announced Monday he would retire next year.

US drugmaker Eli Lilly to cut 3,500 jobs

Eli Lilly will cut 3,500 jobs and close some drug manufacturing and research facilities in a cost-cutting drive, the US pharmaceutical company announced Thursday.

Typhoon death toll rises in Macau

At least nine people are now known to have died in Macau when a huge typhoon swept through the gambling hub, plunging casinos into darkness and sparking destructive floods.

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