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Alibaba sales growth soars into the cloud

by www.moneycontrol.com
"Alibaba Group had a great quarter," chief executive Daniel Zhang said in a statement on the firm's second quarter, which ended in September.
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Alibaba founder Jack Ma is expected to address students at the University of Nairobi Thursday afternoon.
The Agriculture Ministry has announced an increment in wheat prices from Sh3,000 per 90kg bag to Sh3,400 as production in Narok expected to drop by 50 percent due to erratic rainfall.
(Reuters) - Diversified healthcare company Abbott Laboratories reported a 55 percent drop in quarterly profit on Thursday, hurt by higher costs.
Consolidated profit rose to 20.83 billion rupees ($323.35 million) for the three months to June 30, Wipro said in a statement.
A run of disappointing drug trials at Roche has left analysts suggesting the view from its new 41-storey office building in Basel, Switzerland, has become more clouded, with little chance of managemen
Three of the eight finalists shortlisted for the inaugural BIM Seafood Retail Business Award 2018 are from Co Cork. 
Morgan Stanley has chosen Frankfurt to be a new base for its European Union operations as the UK prepares to leave the bloc, according to a source familiar with the matter, becoming the latest US bank
Apple and its Asian contract manufacturers are hitting back at Qualcomm with legal claims that try to undermine the chipmaker’s attempt to force them to pay licensing fees.
DIA has become a frustrating play for short sellers. The Spanish supermarket chain’s shares are up 12% this year, outperforming peers.
General Motors and Japan’s Softbank are among the latest investors in Nauto, a Silicon Valley start-up developing software for self-driving vehicles.
Pre-tax profits at the Irish arm of Gate Gourmet fell 29% last year.
The hotels arm of Pat Doherty’s Harcourt Developments Group booked revenues of €60m last year, saying that it hasn’t been unduly affected by Brexit and the drop in the value of sterli
Irish living standards and prosperity face “a serious and imminent threat” if Ireland fails to rein in costs, the National Competitiveness Council warns.
Costs associated with probes into corporate governance helped to damage profits at Independent News and Media, the group has said.
Business group Isme has upped the heat in the row over a raise in the minimum wage, saying it wants three employer representatives on the Low Pay Commission to step down as their membership was &ldquo
Sterling markets believe the UK is heading toward a hard Brexit in two years’ time and are preparing for a volatile period over the next few months.
Mustard is the new hot thing as US foods giant McCormick agreed to pay a scorching $4.2bn (€3.6bn) for Reckitt Benckiser’s food business, home to brands including French’s mustard and
Motor dealers Johnson & Perrott are poised to invest €15m in a new, third dealership location for their Cork City-based business.
Plans for the overhaul and extension of the Metropole Hotel in Cork city centre have been detailed by the company proposing the works.
The focus has been on the development of the M20 motorway, between Cork and Limerick, of late.
NEW YORK (Reuters) - Highly levered domestic and global economies including the United States, which have "feasted" on easy monetary policies in recent years, cannot withstand a normalizing of short-t
An aggressive newcomer, the Mukesh Ambani-led firm launched 4G services commercially on September 5, 2016 with free data and voice offerings, and signed up the first 50 million subscribers in just 83
Futurist and global thought leader Charles Fadel says artificial intelligence will eliminate 38 per cent of jobs in the next 15 years and there are new jobs technology will create.
Futurist and global thought leader Charles Fadel says artificial intelligence will eliminate 38 per cent of jobs in the next 15 years and there are new jobs technology will create.
TORONTO - Rogers Communications is reporting a 35 per cent increase in second-quarter net income, beating analyst estimates. Its net income was $531 million or $1.03 per share, while adjusted profit
Former Chase Bank officials have been arrested Thursday morning and expected to face fraud charges amounting to Sh1.6 billion.
Former Chase Bank officials have been arrested Thursday morning and expected to face fraud charges amounting to Sh1.6 billion.
Household prices in Bulgaria registered one of the biggest increases in the first quarter in the European Union on an annual basis - 8.8%. This shows latest Eurostat data released on Wednesday. Report
The IULIUS Company and Visma Software, a Norwegian developer of business management software solutions, have signed a lease agreement for office premises within the United Business Center 3 (UBC 3) of
(Reuters) - U.S. stock index futures were little changed on Thursday, a day after all three major indexes closed at record highs helped partly by technology stocks, while investors remained optimistic
With rising university fees, it’s an option that is proving to be popular with young people.
While the merger will create an oil giant in India, globally, the merged entitiy will still be much smaller than its peers
Though the EPF act was extended to the foreign labour force in 2008 it is only recently that the EPFO became actively involved in the issue
Michele Bachmann suggested a Muslim police officer shot a yoga teacher in Minnesota because he was angry the woman was wearing pajamas in public. The former Republican congresswoman spoke for about 45

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