Bloomberg Jack Ma is giving up controlling rights of Ant Group Co, as the billionaire further retreats from his online empire following China’s unprecedented tech crackdown. The company is offering 10 individuals, including the founder, management and staff, voting rights independently, effectively removing Ma’s control of Ant, according to an announcement. The adjustment will not change economic interests of ...

  Bloomberg VinFast, an electric carmaker backed by Vietnam’s richest man, delayed vehicle deliveries to its first US customers to this month because of holidays in America. The Vietnamese company, a unit of conglomerate Vingroup JSC, is also working out procedures with banks for customers to access loans, the company said in a statement. “We are currently signing sales contracts ...

Bloomberg Samsung Electronics Co’s profit dropped by the most in over a decade, in a sign that the global economic slowdown may be hurting electronics demand even more than anticipated. South Korea’s largest company has been grappling with weak demand for memory chips, smartphones and displays as consumers tamp down holiday spending amid soaring interest rates and inflation. Adding to ...

Bloomberg Russia’s defense ministry claimed a major strike on Kramatorsk in the Donetsk region, killing hundreds of Ukrainian servicemen in retaliation for the New Year’s Day rocket attack on Makiyivka that killed at least 89 Russian troops. There was no immediate response from Ukraine. The ceasefire unilaterally declared by Moscow over Orthodox Christmas ended on January 7. President Volodymyr Zelenskiy ...

Bloomberg Nato won’t let Serbia redeploy its security units in Kosovo, turning down a request made in December 2022 amid soaring tensions between the local Serb minority and Kosovo’s ethnic Albanian authorities, Serbia’s President Aleksandar Vucic says. “We all knew and expected such response” from Nato’s Kosovo Force, or KFOR, Vucic said in interview to Belgrade-based Pink TV. The Nato ...

  Bloomberg Former prime minister Theresa May has earned over £2.5 million on top of her official salary from outside engagements since the last general election, the most of any UK member of Parliament, according to an investigation by Sky News. Overall, parliamentarians earned £17.1 million extra since late 2019 on top of their individual £84,144 annual salaries. Two thirds ...

Bloomberg President Joe Biden will confront one of his biggest political liabilities head-on, as he pays a visit to the US border with Mexico in El Paso, Texas. Biden will see first-hand conditions for migrants and the US officials who process them as they cross from Mexico. He’s facing calls from Democrats and Republicans to more quickly process cases, resettle ...

Bloomberg South Africa’s governing African National Congress (ANC) is intent on turning itself around and addressing voter disillusionment over poor government services and high levels of crime, poverty and unemployment, President Cyril Ramaphosa said. “The renewable process is irreversible, it is irrevocable,” Ramaphosa told a rally at a stadium in the central city of Mangaung, where the party was founded ...

Bloomberg French President Emmanuel Macron’s plan to increase the retirement age to preserve the financial balance of the national pension system may get the backing of the Republican opposition party, its leader Eric Ciotti said. An overhaul that would progressively raise the retirement age from 62 currently to 64 in 2032 may be acceptable, the president of the conservative party ...

  Bloomberg US authorities are digging into the internal financial dealings of Barry Silbert’s expansive crypto empire, according to people familiar with the matter. Federal prosecutors in Brooklyn are scrutinising transfers between Digital Currency Group (DCG) and an embattled subsidiary that offers crypto lending services, said the people, who asked not to be named because the probe hasn’t been made ...