The deal follows a month of speculation, and it will see Grab — which is valued at over $6 billion — buy up Uber’s ride-sharing business in eight countries in Southeast Asia. It will also take over Uber Eats, which is currently present in three, and expand that service across the region during the first […]

HONG KONG — A brewing trade war between China and the United States sent markets reeling across Asia on Friday, following a sell-off on Wall Street overnight. Investors drove stocks into red territory from Shanghai and Hong Kong to Tokyo and Seoul as they digested news that the Trump administration would impose stiff tariffs on […]

BEIJING (Reuters) – Alibaba Group Holding Ltd said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group and replace its chief executive, consolidating its control over the firm as it targets an aggressive expansion in the region. Long-time Alibaba executive Lucy Peng will take over as Lazada’s chief executive, replacing […]

Late in 2017 Porsche Design introduced a new watch that was strictly limited to a 500-piece edition and only available for owners of the 911 Turbo S Exclusive Series, a sports car able to reach a top track speed of 330 kilometers per hour. That watch’s new caliber, designed by Porsche Design’s engineers, is called […]

(Reuters) – Broadcom Ltd on Thursday said it was likely to pursue smaller acquisitions of chipmakers after its failed hostile takeover bid to acquire rival Qualcomm Inc and said that its smart phone chip business would see a drop in demand this quarter from a North American customer and an increase from South Korea. Most […]

Ford Motor Company announced Wednesday it was recalling over 1.3 million vehicles over safety concerns. The models affected are Fusion, Lincoln MKZ and Focus, and most of the recalled vehicles were sold in the United States. The Dearborn, Michigan, company said it was “issuing a safety recall in North America for approximately 1.3 million 2014-18 […]

HONG KONG (Reuters) – China’s sovereign wealth fund China Investment Corp (CIC) has sold its equity holding in Blackstone Group LP (BX.N), the U.S. private equity firm said in a filing, ending an 11-year investment. The original agreement with Beijing Wonderful Investments – the legal entity set up by CIC to invest in Blackstone – […]

Millennium BlockChain Inc. (OTC: MBLC) is pleased to announce that Clifford Sarkin has joined the Company’s board of advisors. Sarkin is a strategic advisor to technology leaders of major blockchain and cryptocurrency projects. An attorney and seasoned executive, Sarkin has deep expertise in emerging technologies, corporate law, transactions, M&A, private equity and venture capital. Sarkin […]

Broadway bridge project wins top honor The project to replace the Broadway bridge drew the top honor at the American Council of Engineering Companies of Arkansas annual Engineering Excellence Awards Gala. The bridge spanning the Arkansas River connecting downtown Little Rock and North Little Rock was named Grand Conceptor at the annual event, held Thursday […]

Thai ‘big four’ banking institution Siam Commercial Bank (SCB) is adding euros and sterling to its Ripple-powered blockchain remittance platform. The SCB, one of Thailand’s biggest banks, is adding the euro and the sterling pound to its retail remittance offering powered by San Francisco-based blockchain giant Ripple, the Bangkok Post reports. SCB strategy chief Arak […]