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Amazon to invest US$1.3 billion in France, create 3,000 jobs
Amazon said on Monday (May 13) it would invest more than US$1.3 billion in its French operations and create more than 3,000 permanent jobs in the country.The French presidency...
Saudi PIF merges mobile tower firms to create regional giant
SAUDI Arabia’s sovereign wealth fund agreed to buy a majority stake in Saudi Telecom’s tower unit for 8.7 billion riyals (S$3.15 billion) and plans to merge it with other...
Reliance, Disney to merge India media assets to create US$8.5 billion powerhouse
INDIA’S top conglomerate Reliance Industries and Walt Disney on Wednesday (Feb 28) announced the merger of their India TV and streaming media assets, creating an US$8.5 billion entertainment juggernaut...
China’s thrifty shoppers create new stock winners and losers
CHINA’S price-conscious shoppers are trading down amid a fragile economic recovery, delivering a boon to firms that cater to the trend while adding pressure on premium brands. The frugality...
Alibaba leads record deal to create US$2.5 billion China AI firm
ALIBABA Group Holding led the largest single financing round for a Chinese artificial intelligence (AI) startup, the latest in a string of sizeable investments that suggest the e-commerce firm...