HANGZHOU: Chinese e-commerce giant Alibaba has posted 24.3 per cent jump in total sales to $38.3 billion during the 11th edition of mega 24-hour Singles` Day shopping event. The high-double digit growth in the Global Shopping Festival, branded as Double 11, holds high hopes for the Chinese economy which has slowed down in the wake of global trade war and sagging demand. The e-commerce behemoth had recorded total sales of $30.8 billion worth of merchandise during its one-day shopping event in 2018. Alibaba`s sales across its various platforms crossed $10 billion within half an hour of the global shopping festival, 2019 kicking off on Sunday midnight. The shopping blitz also witnessed 200,000 brands participating in the mega event which has over the years become an important date in the Chinese calendar. The mega shopping event now kicks off with pomp and grandeur. Live TV The Singles` Day 24-hour sales which offer deals and bargains to millions of shoppers has surpassed the … [Read more...] about Alibaba’s Singles’ Day shopping event records $38 billion sales; Check other details
Why alibaba does not pay dividends
WASHINGTON — Around 800,000 increasingly desperate federal workers are about to miss their first paychecks Friday, coincidentally the same day the current government shutdown becomes tied for the longest in American history. But unlike past government shutdowns, Congress is treating this like a normal standoff rather than a national crisis.During previous shutdowns, Congress stayed in session through evenings and weekends trying to hammer out a deal. This time, they took the Christmas season off and have been heading home for their regular weekends. They even took Monday off.Emergency measures such as working together to put pressure on President Donald Trump, or gaining leverage by threatening to override Trump’s veto powers, are off the table. Rather than drastic bipartisan action, lawmakers on both sides have dug in and mostly seem resigned to a sustained standoff. “The Senate Republicans are acting like they can just conduct business as usual, when the first … [Read more...] about There’s Little Urgency In Congress To End The Shutdown, As Federal Workers Go Without Pay
Good morning, and welcome to the Essential California newsletter. It’s Tuesday, Nov. 12, and I’m writing from Los Angeles. Newsletter Get our Essential California newsletter In San Francisco, former public defender Chesa Boudin’s ascent to the district attorney’s office is being heralded as a victory for the progressive prosecutor movement.Boudin’s predecessor, former San Francisco Dist. Atty. George Gascón, is challenging Los Angeles D.A. Jackie Lacey for her seat from the left. L.A. voters won’t make a decision until March 2020, but the race is already being billed as the next major bellwether in the broader criminal justice reform movement. Advertisement Last week, Politico wrote that the 2020 L.A. district attorney race “poses a prominent test for the movement in a massive and influential jurisdiction that was once among the principal drivers of mass incarceration,” and Black Lives Matter co-founder Patrisse Cullors posited … [Read more...] about Newsletter: What does it mean to be a progressive prosecutor?
The Walt Disney Company on Tuesday launches its Disney+ video streaming platform in the US and Canada, in an attempt to recoup ground lost to Netflix. In doing so, the entertainment giant also takes on Amazon Prime, Apple TV+ and even Hulu — a streaming competitor Disney co-owns with Comcast's NBC Universal. TV industry insiders predict Disney will seize on the opportunity to bypass the regular distribution channels for its blockbuster movies, series and own-brand TV channels, and put almost everything it creates on the new platform. "They have very aggressive ambitions for Disney+, which for the first time allows them to connect directly with global consumers," Tony Gunnarsson, a streaming analyst at the London-based media consultancy Ovum, told DW. Read more: As smoking on Netflix rises, fears of normalization grow Watch video 01:17 Share Mossack Fonseca sues Netflix over 'Panama Papers' film Send Facebook Twitter google+ Whatsapp Tumblr … [Read more...] about Walt Disney company gambles future on playing catch up with Netflix
As only the French can, Edouard-Francois de Lencquesaing, president of the European Institute of Financial Regulation (EIFR), knows how to get up English noses. Waving off the impact of Brexit for the EU's only global trading center, the City of London, he told an audience at the Krynica Economic Forum in Poland, "The rise of London as a global financial center was a mere accident of history." Anglo noses of all political colors were put out of joint. "Like all industries, London at some point benefitted from the proximity of commodities, traders, intermediary institutions like insurance, but like all industries, it has to change and will," de Lencquesaing continued. London dominates markets like global foreign exchange and commercial insurance and is home to international bond trading and fund management. About a third of the transactions involve clients in the EU. The financial services sector accounts for about 12 percent of Britain's GDP and employs 1.1 … [Read more...] about Will Brexit kill The City?