Global Business

The economic cost of Catalonia's independence fight

The economic cost of Catalonia’s independence fight

The Spanish prime minister is giving the restive region of Catalonia until Monday, to clarify if it has indeed declared independence. If so, he demands the move be reversed. Amid the political uncertainty, more companies are leaving Catalonia, raising concerns over the region’s economic future.


Alibaba launches $15 billion overseas R&D drive

The Alibaba ‘Damo’ academy would launch eight research bases in China, Israel, the United States, Russia and Singapore and was hiring 100 researchers to work on artificial intelligence (AI), quantum computing and fintech, the company said in a statement on Wednesday.