HONG KONG: The pound bounced yesterday after Prime Minister Boris Johnson again failed to get MPs to back a snap election, while Asian equities drifted as investors await a key European Central Bank meeting and developments in the China-US trade talks. Just before Westminster lawmakers broke up for five weeks
SHANGHAI: Jack Ma stepped aside yesterday as chairman of Alibaba, ending a spectacularly successful 20-year run during which the charismatic former English teacher’s e-commerce company left a profound impact on China’s economy. Ma, who turned 55 yesterday, handed the reins of the company he co-founded to a team of executives
SHENZHEN: Team USA coach Gregg Popovich spoke of his joy after the reigning Olympic basketball champions qualified for the Tokyo 2020 Games on Monday. The United States, who will be chasing a fourth Games gold in a row, secured their berth for next summer after beating Brazil 89-73 at the
TAMPERE (Finland): Jorginho fired Italy to within touching distance of Euro 2020 with a spot-kick winner that beat nearest rivals Finland 2-1 on Sunday and maintained his side’s perfect qualifying record. Chelsea midfielder Jorginho’s 79th-minute penalty in Tampere made it six wins from six for Roberto Mancini’s side and sent
NEW YORK: Delivering one of his most dramatic major final performances, Rafael Nadal captured his 19th career Grand Slam title Sunday by winning his fourth US Open, outlasting Russia’s Daniil Medvedev 7-5, 6-3, 5-7, 4-6, 6-4. The 33-year-old Spanish left-hander moved one shy of Roger Federer’s all-time men’s record 20
NEW YORK: Daniil Medvedev said he was incredibly proud of a remarkable six-week hardcourt run in North America that culminated with Sunday’s agonising five-set loss to Rafael Nadal in the US Open final. Medvedev became just the third man to reach finals at Washington, Canada, Cincinnati and the US Open
SHANGHAI: Luis Scola is 39, his hair has more than a few streaks of grey and at the Basketball World Cup in China he has shared the court with rivals half his age. But Argentina’s evergreen captain is playing a big part in the country’s bid to win the world
BEIJING: China’s data centres — the backbone of the country’s fast-growing digital economy — are on track to guzzle more electricity by 2023 than all of Australia last year, said a Greenpeace report published yesterday. While China leads the world in renewable energy capacity, data centres in the country remain
BEIJING: Apple has admitted its supplier Foxconn has been using too many temporary workers to staff an iPhone factory in central China, as a labour rights group accused them Monday of a number of workers rights violations. China Labour Watch said it had its investigators working inside the factory in
TOKYO: The CEO of crisis-hit Japanese automaker Nissan plans to resign, reports said yesterday, as the firm’s board meets to discuss an audit launched after former chief Carlos Ghosn’s arrest over financial misconduct. Hiroto Saikawa’s reported decision to step down comes days after he admitted receiving overpayments, and is the
