Philippine troops have captured a building where pro-Islamic State group militants made their final stand in southern Marawi city and found about 40 bodies of suspected gunmen inside, two security officials ...
Oct.22 -- China releases its new home prices for September. Bloomberg's Tom Mackenzie reports on "Bloomberg Markets: Asia."
Oct.22 -- Embattled commodity trader Noble Group announced the sale of its U.S. oil-liquids business to Vitol Group, with proceeds to be used to pay down dome of the company's debt. Bloomberg's James Poole reports on "Bloomberg Markets: Asia."
When Zuiily went public in 2013, it sparked a resurgence of interest in an otherwise lagging e-commerce market. Quickly trading up to reach an $8B market cap — valuing the company at over 10 times revenues — Zulily became the poster child of the flash sales boom. Over the ensuing months and years, concepts such as curated commerce, conversational commerce, flash sales,… Read More
Oct.22 -- Secretary of State Rex Tillerson warned global companies that they do business with Iran’s Revolutionary Guards "at their own risk," remarks that will add to investment uncertainty in a country eager to reap the economic benefits of a 2015 nuclear accord. Bloomberg's Ros Krasny reports on "Bloomberg Daybreak: Australia."
This month, Vertex Ventures and two other venture-capital firms completed fundraising efforts in the city, each with their largest fund yet. In September, East Ventures, which made early bets on successful startups like Tokopedia and Traveloka, raised $30 million that will go toward seed capital and early-stage financing.
Winnow, the U.K. startup that has developed smart kitchen tech to help commercial kitchens reduce food waste, continues to be on a roll. It counts the likes of IKEA, Compass Group, and AccorHotels as customers, and estimates its 600-plus clients are saving 4,300 tonnes of food waste annually through the use of the Winnow system. Read More
Essential has an offer that’s honestly very hard to refuse: The price of the Essential Phone (PH-1, going by technical model number), is now $200 cheaper, so $499 off-contract and unlocked. That’s an amazing price for their debut smartphone, which remains my favorite in terms of straight up industrial design (and it has one of the best color-tuned displays in devices right now in… Read More
A new e-commerce triumvirate has emerged in China.
Don't get too worked up about the reports of iPhone 8 production cuts.