Hangzhou-based Alibaba, owner of the South China Morning Post, on Thursday signed a deal to sell 26.5 million Baozun shares to Champion Kerry for US$21.8 million, according to Baozun’s latest regulatory filing. Those shares represent about 14.4 per cent of the total outstanding shares of Baozun as of March 31 this year. That transaction followed … Read more
U.S. Treasury Secretary Janet Yellen said on Friday she is trying to save a part of the global corporate tax deal focused on highly profitable multinational firms, but India is refusing to engage on issues important to U.S. interests. Yellen told Reuters in an interview on the sidelines of a G7 finance leaders meeting in … Read more
A flight approaches the airport in San Diego, Calif. K.C. Alfred/Getty Images In this week’s airline news, the Transportation Department said the flight cancellation rate in 2023 dropped by almost 50% from the previous year, and the rate over the year-end holidays was even lower; DOT also said the vast majority of flight delays were caused … Read more
Last Updated: December 13, 2023, 17:45 IST Huawei Technologies Speaks To Audi, Mercedes-Benz About Smart Car Investments. Huawei Technologies has approached Mercedes Benz & Audi to see if they are interested in purchasing small stakes in its smart car software & components firm. Three people with knowledge of the discussions claim that China’s Huawei Technologies … Read more
FILE: Aerial view of San Francisco International Airport with United Airlines jets in 2017. Smith Collection/Gado/Getty Images In this week’s news, airline travelers are expected to number a record 3 million on several days over the Christmas holidays; a new competitor enters the busy SFO-Taipei route; Alaska Airlines inks a partnership with a fast-growing Canadian carrier; United updates … Read more
Aerial view of Barcelona downtown with a view of the Salesforce Tower’s twin: Torre Glòries. Frank Bienewald/LightRocket via Getty Images Bay Area residents will get a new option for nonstop flights to one of Europe’s most popular tourist destinations next year when United Airlines introduces service between San Francisco International and Barcelona, Spain. The airline … Read more
FILE: Alaska and Hawaiian Airlines planes take off at the same time from San Francisco International Airport in San Francisco on June 21, 2023. Anadolu/Anadolu Agency via Getty Images The merger must first face the Biden administration, which has recently scrutinized similar airline consolidations. The combined airline would be based in Washington, where Alaska’s primary hub … Read more
The gates to Pixar’s campus is seen in Emeryville, California, on November 29, 2016. FRANKIE TAGGART/AFP via Getty Images In the wake of its first round of layoffs in a decade, Bay Area animation giant Pixar has listed 16,800 feet of newly renovated office space on the sublease market. Famous for enduring classics like “Monsters … Read more
