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Business 05 Mar 2019 | 12:00 AM

Alibaba bets on Frenchman to lead Lazada’s expansion

HONG KONG: In December, Alibaba Group Holding Ltd put Pierre Poignant in charge of Lazada, the subsidiary spearheading the Chinese e-commerce giant’s high-stakes Southeast Asia expansion.

Business 05 Mar 2019 | 12:00 AM

Ted Baker founder and CEO quits

BENGALURU: Ray Kelvin, founder and chief executive of British fashion retailer Ted Baker Plc, has resigned amid misconduct allegations related to his hugging of business colleagues. Ted Baker in December announced an independent investigation into misconduct claims against Kelvin.

Corporate News 04 Mar 2019 | 8:10 AM

Ted Baker CEO resigns after misconduct allegations

LONDON: Ted Baker Plc Chief Executive Officer Ray Kelvin resigned amid an investigation of his conduct, including allegations of behavior that was demeaning to employees of the U.K. apparel chain.

Economy 02 Mar 2019 | 12:00 AM

US prepares final China trade deal as hawks urge caution

WASHINGTON: US officials are preparing a final trade deal that President Donald Trump and his Chinese counterpart Xi Jinping could sign in weeks, people familiar with the matter said, even as a debate continues in Washington over whether to push Beijing for more concessions.

Corporate News 26 Feb 2019 | 12:12 AM Premium

Battling bans, Huawei goes on an advertising offensive

Chinese company looks to sway US allies amid efforts to block it from rollouts of 5G networks on national-security concerns

Business 20 Feb 2019 | 12:00 AM

Chinese state media add more fuel to equity rally

HONG KONG: Chinese state media sought to highlight the growing bull case on the country’s shares.

Business 14 Feb 2019 | 12:00 AM

Past misdeeds haunting Turkish central bank

DUBAI: Past dithering on inflation is hampering the Turkish central bank’s ability to prop up the weakening economy.

Economy 10 Feb 2019 | 10:41 PM

British PM rejects pivot towards Brexit customs union compromise

LONDON: Prime Minister Theresa May has rejected the idea of targeting a customs union with the European Union, pouring cold water on hopes from some that she could shift her Brexit policy to win over the opposition Labour Party.

Corporate News 06 Feb 2019 | 2:00 AM

Snap user number beats Wall Street estimate, shares soar

NEW YORK: Snap Inc said the number of people using its Snapchat app would remain at current levels this quarter, easing worries the company would continue to lose users to rival Facebook Inc's Instagram and sending its shares up more than 20 percent.

Retail 02 Feb 2019 | 12:00 AM

Parkson to close its Suria KLCC outlet

PETALING JAYA: The Parkson group, which has been streamlining its presence in Malaysia over the past year, is closing its outlet in Suria KLCC after two decades.