Updated

Ant-linked firms’ shares rise after news of Jack Ma ceding control; Alibaba jumps

(Reuters) -Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday after announcements that Ant founder Jack Ma is giving up control of the fintech giant following an overhaul. Hong Kong-listed shares of Ma’s Alibaba jumped 7%. Shares of Longshine Technology Group Co Ltd, Jilin Zhengyuan, Shanghai Golden Bridge …

Ant-linked firms’ shares rise after news of Jack Ma ceding control; Alibaba jumps Read More »

China boosts coal output, eases Australia ban to bolster energy security

By Muyu Xu SINGAPORE (Reuters) -The increasing need to secure energy supplies after easing COVID-19 restrictions has pushed China to gradually resume Australian coal imports and urge domestic miners to boost their already record output. The lifting of the unofficial ban on Australian coal imports, which were halted in 2020 in a fit of Chinese …

China boosts coal output, eases Australia ban to bolster energy security Read More »

Britain says Iran’s execution of two protesters is “abhorrent”

LONDON (Reuters) – British foreign minister James Cleverly on Saturday condemned Iran’s execution of two protesters and urged it to “immediately end the violence against its own people”. “The execution of Mohammad Mahdi Karami and Seyed Mohammad Hosseini by the Iranian regime is abhorrent,” Cleverly said on Twitter. “The UK is strongly opposed to the …

Britain says Iran’s execution of two protesters is “abhorrent” Read More »

China says talks to include Paxlovid in its health insurance drug list fail

BEIJING (Reuters) -China will not include Pfizer Inc’s Paxlovid in an update to its list of medicines covered by basic medical insurance schemes as the U.S. firm quoted a high price for the COVID-19 drug, China’s Healthcare Security Administration (NHSA) said on Sunday. The COVID-19 antiviral drug is currently covered by the country’s broad healthcare …

China says talks to include Paxlovid in its health insurance drug list fail Read More »