Bloomberg Jack Ma is ahead of Jeff Bezos in one area: grocery stores. For years, it looked to some like Ma’s Alibaba Group Holding Ltd. was simply following in the footsteps of Bezos’ Amazon.com Inc., the world’s largest e-commerce company. Just like Seattle-based Amazon, China’s online shopping giant started a cloud-computing business and created original entertainment content. But when Amazon’s …

Bloomberg Cathay Pacific Airways Ltd. saw some rare analyst love this week, but it wasn’t enough to shift it from its unenviable position as the world’s least favoured airline stock. The Hong Kong-based carrier’s biggest half-yearly loss in two decades saw some analysts boost their ratings on the shares this week—on expectations things can only get better for the beleaguered …

DUBAI / WAM The Zayed Giving Initiative (ZGI), has launched a programme to mark World Humanitarian Day, which was on August 19, to promote the culture of volunteer work and humanitarian giving among the youth of various nationalities. Dr Adel Al Shameri, CEO of ZGI, said the new initiative will feature a package of charitable projects that will be implemented …