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Time will decide India’s next digital winners!

Time will be the next frontier in India’s digital battlefield; dollars will follow the hours consumers spend online. India has left a void in their day by banning 59 Chinese apps after a border dispute with its northern neighbor led to violent clashes. The video-sharing platform TikTok, which became a craze in towns and villages as a medium of expression, ...

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AirAsia falls on doubts about continuing as going concern

Bloomberg AirAsia Group Bhd shares slumped nearly 18% when trading resumed following a suspension that came as auditor Ernst & Young said the carrier’s ability to continue as a going concern may be in “significant doubt.” The budget airline pared its loss to 12% as of 2:47 pm local time on July 08. In a statement to the Kuala Lumpur ...

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Ann Taylor owner plans bankruptcy

Bloomberg Ascena Retail Group Inc, the owner of mall brands that occupy almost 3,000 stores in the US, is preparing to file for bankruptcy and shutter at least 1,200 of those locations, according to people with knowledge of the plan. The company, which owns brands such as Ann Taylor and Lane Bryant, could enter Chapter 11 as soon as this ...

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