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Chinese watchdog warning businesses to stop drinking

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4 years ago

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Chinese Communist Party’s anti-corruption watchdog said businesses should stop drinking and replace it with “correct values”

Some “under the table rules” such as forced drinking for business purposes may lead to crimes, the Central Commission for Discipline Inspection says.

Most alcohol-related stocks dropped in todays trading.

China has moved in recent weeks to clamp down on a host of sectors seen as contributing to societal problems.

The move comes due to a sexual assault case involving employees with Alibaba Group Holding.

Alibaba suspends staff members amid sexual harassment investigation

China’s Alibaba has suspended several staff members following allegations that an employee was assaulted by her boss and a client

Alibaba has launched an investigation after an anonymous employee published an 11-page document detailing how her boss and a client assaulted her on a business trip.

The document has circulated widely online, prompting a social media storm. The story was one of the top trending items on Weibo over the weekend.

The woman says her boss coerced her into going on a business trip with him to meet one of her team’s clients in the city of Jinan.

Alibaba suspends staff members amid sexual harassment investigation

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CoreWeave’s $9B AI power grab

CoreWeave acquires Core Scientific for $9B, Capgemini buys WNS for $3.3B, shaping AI infrastructure and strategy.

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2 hours ago

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July 9, 2025

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CoreWeave acquires Core Scientific for $9B, Capgemini buys WNS for $3.3B, shaping AI infrastructure and strategy.


CoreWeave just dropped a staggering $9 billion to acquire Core Scientific, locking down crucial power, GPU access and data centre space in a bold push to dominate AI infrastructure.

At the same time, Capgemini is shelling out $3.3 billion for outsourcing giant WNS, aiming to control every layer of AI—from strategy to execution.

Analysts say it’s no longer just about size. It’s about owning the entire stack—from chips to cloud to consulting—as companies scramble to future-proof their AI dominance.

#AI #CoreWeave #Capgemini #MergersAndAcquisitions #TickerNews

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Qantas cyberattack hits six million flyers

Qantas cyberattack exposes details of six million frequent flyers; urgent investigation underway amid rising support calls.

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2 hours ago

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July 9, 2025

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Qantas cyberattack exposes details of six million frequent flyers; urgent investigation underway amid rising support calls.


A massive cyberattack has struck Qantas, compromising the personal details of up to six million frequent flyers.

A group claiming responsibility has now reached out to the airline, triggering an urgent investigation led by the AFP and top cybersecurity teams.

While no passport or financial data was accessed, names, emails, frequent flyer numbers and birth dates were exposed—sparking over 5,000 calls to support lines.

#Qantas #Cyberattack #DataBreach #FrequentFlyers #TickerNews

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Trump changes tune on Putin and Ukraine

Trump criticizes Putin’s sincerity on Ukraine war, backs defensive weapons for Ukraine, and hints at new sanctions.

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2 hours ago

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July 9, 2025

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Trump criticizes Putin’s sincerity on Ukraine war, backs defensive weapons for Ukraine, and hints at new sanctions.


President Donald Trump is now calling out Vladimir Putin, accusing the Russian leader of being insincere about ending the war in Ukraine.

In a sharp reversal of past praise, Trump confirmed he authorised defensive weapons for Ukraine and hinted at new sanctions against countries backing Russia.

#Trump #Putin #UkraineWar #Sanctions #TickerNews

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