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Bloomberg Several of Alibaba Group Holding Ltd’s biggest investors have converted billions of dollars in US shares for Hong Kong stock in part to avoid potential US sanctions and de-listings of major Chinese technology companies. Temasek Group Holdings Pte, Baillie Gifford & Co, and Matthews Asia are among the major shareholders that have swapped stakes in the Chinese e-commerce giant ...

Bloomberg Thailand is cautiously looking at plans to reopen its borders as it struggles to survive an extended period without international visitors, who account for about two-thirds of the country’s tourism income. “The virus won’t go away soon and we have to think about the economy. But we can’t just reopen the borders. We have to be careful,” Transport Minister ...

Bloomberg Takeda Pharmaceutical Co agreed to sell its Japanese consumer healthcare business for 242 billion yen ($2.3 billion) to Blackstone Group Inc, which plans to take the over-the-counter medication unit public in about five years. For the drugmaker, the sale could represent one of the last big pieces of its plan to dispose $10 billion in assets after its $62 ...

Bloomberg Nintendo Co added another $3 billion in market value in Tokyo on Monday with retail investors on the Robinhood app cited as helping to further boost the game maker’s popularity. Nintendo has been one the strongest-performing blue-chip stocks in Japan this year, as the pandemic, together with the release of its smash-hit Animal Crossing: New Horizons game, helped boost ...

Bloomberg Belarus President Alexander Lukashenko moved to crack down on opponents after more demonstrations against his 26-year rule brought tens of thousands of people to the streets of the capital and other cities over the weekend demanding his resignation. Police detained at least four anti-government activists, including organisers of strikes at some of the country’s largest factories and a politician ...

DUBAI / WAM “Food and water security are among the priorities of the UAE government for the post-coronavirus (Covid-19) period, and the objective is to launch specialist initiatives that will ensure our readiness to confront all types of crises,” according to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of ...

Abu Dhabi / WAM Sandooq Al Watan, the national initiative launched by prominent Emirati businessmen to support research projects in the post-oil era, announced on Sunday that they have signed sponsored research agreements with the University of Sharjah to collaborate on a variety of scientific research projects. This follows the University of Sharjah winning grants for two research projects to ...

Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) announced that it launched a digital money order system for the disbursement of amounts held in deposit. All the disbursement process has been automated starting from the deposit system until remittance in the beneficiaries’ accounts. This wholly electronic process was made possible by linking the ADJD systems with the servers ...

Abu Dhabi / WAM Waha Capital PJSC, a leading investment company in Abu Dhabi, has announced an investment of AED 184 million ($50 million) in Despegar.com, a leading NYSE-listed company in the online travel sector. An addition to its investment programme initiated in May comprising a total of up to $150m in US-listed companies, the new investment supports Waha Capital’s ...

Dubai / WAM Dubai’s International Humanitarian City (IHC) continued to send additional aid to assist the people of Lebanon by airlifting the third consignment of humanitarian supplies to the country. Two Emirates SkyCargo aircraft, chartered by Dubai’s IHC, left Dubai International Airport with the aid supplies carrying approximately 30 metric tonnes of aid, including approximately 12 tonnes of medical supplies ...