Trump budget to propose 5% cut in non-defence spending

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Source: Dukascopy Bank SA
The US President Donald Trump is set to propose in his budget for 2020 that the US Congress cut non-defence spending 5%, while rising spending on the military, border security and veterans' healthcare, the White House budget office stated.
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Mon, 11 Mar 2019 05:22:59 GMT

Alibaba takes 14% stake in China's STO Express

China's e-commerce giant Alibaba Group Holding is set to acquire a 14% stake in the local courier firm STO Express for $693M, marking its fourth significant investment in the company and sending STO Express's shares up over 10%.

Mon, 11 Mar 2019 04:19:15 GMT

Vodafone's NZ unit suggests redundancy to 2K staff

Vodafone's unit offered voluntary redundancy to nearly 2K of staff in New Zealand, the company stated, within plans to review the business before a possible stock market listing in 2020.

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