Saturday, Apr 20, 2024

International Finance

Category : Business Leaders

‘Lazada and Alibaba partnership will bring significant synergies’

International Finance Desk
by International Finance Desk
Giovanni Puglisi Interview with Riccardo Basile, Chief Commercial Officer of Lazada Group June 6, 2016: Lazada is Southeast Asia’s undisputed retail giant. However, data by Rocket Internet, the Germany-based company behind Lazada, reveals that despite strong revenues, the e-commerce giant has struggled to generate profit. The company’s latest financial results show €275 million in revenue...
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SoftBank to sell Alibaba shares, raise $7.9 billion

International Finance Desk
by International Finance Desk
But will continue to be the largest shareholder of the ecommerce giant June 3, 2016: Japan’s SoftBank announced that it will sell at least $7.9 billion in shares of China-based ecommerce giant Alibaba to raise capital. Softbank is Alibaba’s largest shareholder. It owns about 32 percent of the shares. The transactions will bring the figure...
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Zapper strengthens leadership team

International Finance Desk
by International Finance Desk
Jon Birt and Jason Cooling join Zapper, both have over 25 years of experience June 2, 2016: Zapper, a global data insights and mobile payment platform, appointed Jon Birt as its retail sales director. Birt has over 25 years of retail account management experience. He specialises in managing the convenience and symbol group sectors, which...
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Cifas appoints a new chairman

International Finance Desk
by International Finance Desk
Lady Barbara Judge will take up the role in September May 31, 2016: Cifas, the UK’s fraud prevention service, announced the appointment of Lady Barbara Judge as the organisation’s new chairman.  Lady Barbara will officially take up the role in September 2016, when she succeeds the outgoing chairman, Ken Cherrett, who is standing down after...
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ebizmarts appoints MD for UK, Europe

International Finance Desk
by International Finance Desk
John Fitchett to grow the adoption of ebizmarts’ omnichannel cross-border payment interfaces May 30, 2016: ebizmarts, a leading point of sale (POS) provider for the Magento retail ecosystem, announced the appointment of John Fitchett as managing director of UK and Europe. Fitchett brings a deep understanding of payment gateway infrastructures and technologies to the fast-moving...
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Debris of EgyptAir flight found

International Finance Desk
by International Finance Desk
However, it is still unclear why the accident took place May 23, 2016: The first images of wreckage and debris of the EgyptAir flight that crashed into the Mediterranean Sea last week have been released. The Airbus A320, which was carrying 56 passengers and 10 crew members, had just crossed from Greek airspace into Egyptian...
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Saudi oil minister removed after 20 years in the job

International Finance Desk
by International Finance Desk
He has been replaced by Khaled al-Falih, who heads Saudi Aramco IFM Correspondent May 12, 2016: After announcing reforms to overhaul the economy in April, Mohammed bin Salman, the deputy Crown Prince of Saudi Arabia announced a government shake-up. The Prince announced the removal of veteran oil minister Ali al-Naimi. He has been removed after 20...
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Cochin airport takes off on solar power

International Finance Desk
by International Finance Desk
World’s first solar powered airport has more electricity than it needs Suparna Goswami Bhattacharya May 10, 2016: As the plane hovers over Cochin airport in India, you will be astonished to see a large number of solar panels in the vast compound. There are more than 46,000 of the reflective panels tapping the rays from...
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Mosaic moves to The Prince’s Trust

International Finance Desk
by International Finance Desk
The mentoring initiative was founded by HRH The Prince of Wales in 2007 April 28, 2016: Mosaic, HRH The Prince of Wales’s mentoring initiative, will from July 1, 2016 move home from Business in the Community to sister charity The Prince’s Trust. Having been founded by HRH The Prince of Wales in 2007, Mosaic’s mentoring...
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Mitsubishi shares continue to fall

International Finance Desk
by International Finance Desk
Japan’s Transport Ministry raids its research centre during probe into mileage test data scam IFM Correspondent April 22, 2016: Mitsubishi Motor Corp shares fell the second time in as many days following its admission to manipulating mileage test data for its mini cars sold in Japan. The shares fell by 15 percent on Wednesday and...
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