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Alibaba surged in Hong Kong and New York on reports of a huge stake purchase by co-founders Jack Ma and Joseph Tsai

Asian Markets Mostly Up, Hong Kong Boosted By Alibaba Rally

Most Asian markets rose Wednesday, with Hong Kong leading the pack for a second day following reports Alibaba's co-founders had bought huge stakes in the firm, a day after it emerged China was planning a blockbuster boost for the country's stuttering equities.
Netflix says that despite the long strikes by actors and writers in Hollywood it has a strong line-up of content set for release in 2024

Netflix Subscribers Jump Despite Price Hikes

Netflix subscription numbers rocketed more than 13 million in the final three months of last year, the company said on Tuesday, despite price hikes at the leading streaming service.
Lufthansa said it remains 'optimistic' the bid to buy 41 percent of ITA

EU Probes Lufthansa's Proposed Buy Of ITA Stake

The EU's powerful antitrust authority opened an in-depth investigation on Tuesday into German airline Lufthansa's proposed stake in Italy's ITA Airways, over fears it could hurt competition.
The Akira hacker group is suspected of carrying out the cyber attack in Sweden

Russian Hackers Suspected Of Sweden Cyber Attack

Online services at some Swedish government agencies and shops have been disrupted in a ransomware attack believed to have been carried out by a Russian hacker group, IT consultancy Tietoevry said.
The controversial new reactor is planned for the Sizewell site in eastern England

UK Govt To Plough Extra GBP1.3bn Into Nuclear Plant

The UK government says it will make available an additional GBP1.3 billion ($1.9 billion) in funding for the construction of the Sizewell C nuclear reactor project with French energy group EDF. The announcement from the Department for Energy Security and Net Zero late on Monday takes the level of state funding for the project in eastern England to more than GBP2.5 billion.
Amazon France Logistique monitored the performance of employees through data from scanners used by the staff to process packages, according to France's data protection agency.

Amazon French Warehouses Unit Fined 32 Million Euros

France's data protection agency said Tuesday it had fined Amazon's French warehouse management unit 32 million euros ($34.9 million) for an "excessively intrusive" surveillance system to monitor staff performance.
Since rising to power a decade ago, Xi has waged a constant campaign against deep-seated graft that has led to the punishment of at least 4.7 million officials, according to a 2022 report by the state-run Global Times

Xi's Corruption Crackdown Targets Embattled Finance Sector

Xi Jinping's crackdown on official corruption has ripped through a secretive missile force, the Communist Party elite, the national football team, and now risks hammering a finance industry already grappling with an economic slowdown.

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