Alibaba shares soar as it plays down hit from record US$2.78 bil fine

BEIJING: Shares in tech giant Alibaba surged 9% Monday as the e-commerce titan reassured investors that a record US$2.78 billion antitrust fine imposed by China would have little impact on its operations. Regulators slammed the tech giant with the penalty on Saturday after a months-long probe concluded it had been abusing its dominant market position. But […]

Najib never in doubt money was donation by Saudi royals, says lawyer

The Court of Appeal was told that Jho Low had arranged a meeting between Najib Razak and the Saudi king in 2010. PUTRAJAYA: Najib Razak always believed that the money in his Ambank accounts was remainder from donations from the Saudi royal family, the Court of Appeal heard in the former prime minister’s RM42 million […]