Alibaba (BABA) scraps Cainiao IPO, offers full ownership

The Alibaba Group company logo is displayed on a screen at the New York Stock Exchange during morning trading on February 14, 2024 in New York City.  Michael M. Santiago | Getty Images Alibaba on Tuesday said it was scrapping a planned initial public offering for its smart logistics unit Cainiao, adding to recent woes … Read more

Hong Kong property stocks jump after city scraps cooling measures

An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Stocks of Hong Kong developers rose after Financial Secretary Paul Chan scrapped property cooling measures in a bid to bolster the sector, which has been weighed down by high borrowing costs and weak economic … Read more

Madonna Scraps Luther Vandross Pic From AIDS Tribute at Request of Estate

Madonna is nixing a photo of Luther Vandross from the AIDS tribute she puts on during her “Celebration” tour …. because, as his estate has clarified, he shouldn’t be there at all. The Material Girl has made a point to pay tribute to her late friends and famous peers — including Herb Ritts, Freddie Mercury, … Read more

Indonesia scraps plan to buy Mirage fighter jets from Qatar

JAKARTA (Reuters) – Indonesia has ditched a controversial plan to buy 733 million euros ($790 million) worth of Mirage 2000-5 fighter jets previously used by Qatar, the defence ministry spokesperson said late on Saturday. “There is no purchase of Mirage jets. Even though it was planned, it has been cancelled … meaning there is no … Read more

Amazon scraps plans to acquire Roomba-maker iRobot

Is Roomba in trouble? On Monday, Amazon announced it would be scrapping its plans to acquire iRobot, the consumer home electronics company best known for its line of robotic vacuum cleaners. The e-commerce giant’s decision to back out of its previously announced $1.7 billion acquisition is due to pushback from regulators in the European Union. … Read more

North Korea scraps agencies managing relations with South as Kim Jong Un cites hostility with rival

SEOUL, South Korea — North Korea has abolished key government organizations tasked with managing relations with South Korea, state media said Tuesday, as authoritarian leader Kim Jong Un said he would no longer pursue reconciliation with his rival. North Korea’s official Korean Central News Agency said the decision to abolish the agencies handling dialogue and … Read more

Greek officials angry and puzzled after UK’s Sunak scraps leaders’ meeting over Parthenon Marbles

LONDON — Greek officials said Tuesday that they will continue talks with the British Museum about bringing the Parthenon Marbles back to Athens, despite U.K. Prime Minister Rishi Sunak abruptly canceling a meeting with his Greek counterpart where the contested antiquities were due to be discussed. But the U.K. government said ownership of the marbles … Read more

New Zealand Scraps World’s First Generational Smoking Ban

New Zealand has scrapped the world’s first generational smoking ban, a year after the country passed the legislation. Prime Minister Christopher Luxon, who was sworn in on Monday, announced his decision to repeal the tobacco restrictions before they ever came into effect, saying his top priority was to improve the economy and curb inflation.  The … Read more

Google scraps $15 billion deal with lead developer of Silicon Valley campus projects

Google has ended its agreement with Lendlease, the lead developer it had been working with on four major campus projects in Silicon Valley. In an announcement published earlier on Friday, Lendlease said both companies had agreed to end the deal after determining that “the existing agreements are no longer mutually beneficial given current market conditions.”  … Read more

Twitter scraps press electronic mail’s auto-reply poop emoji

Twitter’s auto-reply poop emoji to press inquiries is not any extra. Again in March, proprietor Elon Musk introduced that Twitter’s press electronic mail would now auto-reply to each message with a poop emoji: Tweet might have been deleted This got here months after mass layoffs at Twitter in November final 12 months, with the communications … Read more