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Bloomberg Alibaba is heralding the end of the Jack Ma era. A former English teacher who helped found Alibaba Group Holding Ltd. two decades ago, Ma outlined plans to hand the executive chairman role to Daniel Zhang, a finance veteran who’s presided over an ambitious expansion and won over investors in three years as chief executive officer. Ma will officially ...

Bloomberg Apple Inc. will kick off a blitz of new products this week, ending a year of minor updates and setting the technology giant up for a potentially strong holiday quarter. Through the rest of 2018, the world’s most valuable public company will launch three new iPhones, revamped iPad Pros, Apple Watches with larger screens, a new entry-level laptop with ...

Bloomberg Sky Plc is backing a push by BT Group Plc to move more Britons onto faster internet services, in a boost to the former monopoly. Sky, which resells internet services from BT’s network unit Openreach, has a new agreement to encourage more of its UK customers to take up higher-speed fiber-based connections after Openreach introduced discounts for wholesale customers ...

Bloomberg Economists say the country is close to full employment, but pay gains for American workers have been flat since 2015. Even last week’s upward blip in wage growth could be wiped out by inflation. Yet Americans haven’t been this optimistic about future pay raises since the century began, according to the Conference Board’s monthly surveys. Perhaps the 3.9 percent ...

Bloomberg Aston Martin, maker of luxury sports cars for James Bond, is moving ahead with a plan to list shares in London, naming Penny Hughes as chairman to end all-male board representation. The manufacturer will trade on the London Stock Exchange in October, with a free float of at least 25 percent of the issued share capital and Daimler AG ...

Dubai / WAM Muhammad Imran, Bangladesh Ambassador to the UAE, said, “We have witnessed a growing interest among both Emirati businesses to invest in Bangladesh while a large number of Bangladeshi entrepreneurs are also setting up companies in the UAE, therefore strengthening the two-way economic ties between the two countries.” “Our government has announced the establishment of 100 economic zones, ...

WAM / bloomberg The net income of commercial and Islamic banks operating in the emirate of Abu Dhabi amounted to AED16.6 billion during H1 of 2018, a growth of 8.4 percent over the corresponding period last year. The increase comes in line with the growth recorded across the UAE banking sector according to the statistics issued by the Central Bank ...

ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Securities and Commodities Authority (SCA), has issued a resolution approving the regulatory control of Fintech. Part of a number of initiatives aiming at upgrading the financial activities and services platform in the UAE securities sector to match the best international standards and practices, the ...

DUBAI / WAM Dubai International Financial Centre (DIFC), is continuing to achieve remarkable growth in its wealth and asset management sector with world-leading firms working at impressive scale within the Centre. The number of registered companies and specialist global advisors in the Centre has increased to more than 200, including 13 of the world’s top 25 firms in the sector. ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA), launched the 4th edition of the two-year Qiyadi programme, designed to enrich the knowledge and diversify the skills of Emirati engineers. “About 20 Emirati staff engineers have been enrolled in the fourth cycle of Qiyadi, aimed at nurturing their knowledge and skills in order to ensure they remain compatible with their ...