Author: MNK News
(Bloomberg) — Alibaba Group Holding Ltd. agreed to sell its shares in Sun Art Retail Group Ltd. to private equity firm DCP Capital, unloading another high-profile physical commerce asset at a discount to focus on its core online business. Most Read from Bloomberg China’s e-commerce pioneer expects gross proceeds of up to HK$12.3 billion ($1.6 billion) from selling its more than 70% holding in the chain of Costco-like hypermart stores. That’s significantly less than the $3.6 billion Alibaba paid just to double its stake in Sun Art in 2020, and falls far short of Sun Art’s 2024 market value of…
Looking for help with today’s NYT Mini Crossword puzzle? Here are some hints and answers for the … [+] puzzle.Credit: NYT In case you missed Wednesday’s NYT Mini Crossword puzzle, you can find the answers here: ForbesToday’s NYT Mini Crossword Clues And Answers For Wednesday, January 1stBy Erik Kain And already the year is racing forth. Before you know it we’ll be staring down the barrel of 2026—though I realize I’m getting ahead of myself. It’s just that 2024 went by so quickly it’s a little unsettling! Time is greedy and insatiable and capricious. Ah well, we still have 364…
(Bloomberg) — Chinese stocks fell on the first trading day of the New Year as weak economic data and the prospect of more US tariffs hurt sentiment. Most Read from Bloomberg Benchmarks on the mainland and in Hong Kong retreated after figures showed China’s manufacturing activity slowed its pace of expansion in December. The MSCI Asia Pacific Index dropped the most in almost two weeks, while US equity futures climbed. Japanese markets are closed through Jan. 6 and New Zealand remains on holiday. “Onshore sentiment seems to be deteriorating on slow PMI and strong DXY,” said Zhaopeng Xing, senior China…
PARSIPPANY, NJ: John Capodice attends Chiller Theatre Expo Spring 2022 on April 29, 2022 in … [+] Parsippany, New Jersey. (Photo by Bobby Bank/Getty Images)Getty Images John Capodice, who racked up over 150 credits as an actor through the course of his career, died Monday, December. He was 83. The cause of death was not announced. Born December 25, 1941 in Chicago, John Capodice began his film and television career in the late 1970s. His first TV role was in six episodes of the daytime drama Ryan’s Hope in 1978. From there he began his lengthy run guest-starring on television…
BEIJING (Reuters) – China’s factory activity grew in December but at a slower-than-expected pace, as overall sales were dampened by falling export orders amid concerns over the trade outlook, a private-sector survey showed on Thursday. The data echoed an official survey on Tuesday showing manufacturing activity expanded modestly, reinforcing calls for more stimulus to spur growth this year as Donald Trump will soon take office and likely intensify U.S.-China trade tensions. The Caixin/S&P Global manufacturing PMI nudged down to 50.5 in December from 51.5 the previous month, undershooting analysts’ forecasts in a Reuters poll of 51.7. The rate of output…
The Floki DAO has approved a proposal that seeks to allocate a portion of Floki supply as liquidity funding for a Floki exchange-traded product. The decentralized autonomous organization, which supports the development of the FLOKI (FLOKI) project, unanimously passed the proposal. What this means is that part of the 16.3 billion FLOKI tokens in the community buyback wallet will help fund the soon-to-be launched Floki ETP. Meanwhile, the project will permanently burn the rest of the tokens. With this development, Floki is poised to become the only other meme coin besides Dogecoin (DOGE) that offers an ETP via a regulated…
By David Shepardson, Karen Brettell and Ronda ChurchillLAS VEGAS (Reuters) -A Tesla Cybertruck exploded in flames outside the Trump International Hotel Las Vegas on Wednesday, killing the driver and injuring seven others, and the FBI was investigating whether the blast was an act of terrorism, officials said.Videos taken by witnesses inside and outside the hotel showed the vehicle exploding and flames pouring out of it, as it sat just outside the hotel.Trusted news and daily delights, right in your inboxSee for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories.The incident occurred just hours…
The price of XRP rose sharply to outpace the top 10 cryptocurrencies by market cap as the altcoin looked to begin 2025 on a winning note. On Jan. 1, Ripple token XRP (XRP) traded to highs of $2.32, rising more than 10% in the past 24 hours. These gains put XRP on top of the leading gainers on the day above other top 10 coins. In the top 100 coins by market cap, only Stellar (XLM) that ranked 18th at the time of writing was posting higher gains. Per crypto.news price data, XLM was changing hands around $0.4, up by…
MELBOURNE, AUSTRALIA – DECEMBER 29: Rohit Sharma of India speaks to his players in the huddle during … [+] day four of the Men’s Fourth Test Match in the series between Australia and India at Melbourne Cricket Ground on December 29, 2024 in Melbourne, Australia. (Photo by Robert Cianflone/Getty Images)Getty Images Ben Stokes might not give the World Test Championship much thought, but India’s chance of reaching the final of the ICC’s showpiece event for the third time in a row has been dealt an almost fatal blow after losing to Australia in Melbourne. 2024 has been a bittersweet year…
Topline Recent data from the Centers for Disease Control shows spikes in norovirus, Covid-19 and RSV across the U.S.—a resurgence that’s potentially unlike the usual annual winter spread of these illnesses, which have been less active in recent months. TOPSHOT – An Egyptian doctor wearing two protective masks checks a patient’s lung X-ray at the … [+] infectious diseases unit of the Imbaba hospital in the capital Cairo, on April 19,2020, during the novel coronavirus pandemic crisis. (Photo by Ahmed HASAN / AFP) (Photo by AHMED HASAN/AFP via Getty Images)AFP via Getty Images Key Facts Norovirus is a contagious virus…