Alibaba shares fall as AI spending pressures trigger target cuts

Alibaba shares declined in Hong Kong after analysts at Jefferies and UBS lowered their price targets, citing rising artificial intelligence costs and widening losses in non-core businesses. The stock fell 2.9 percent to 122.70 Hong Kong dollars, underperforming the broader Hang Seng Index, which slipped 0.6 percent during the session. Jefferies......

Mercedes reports Q1 sales decline amid transition year in China

Mercedes-Benz (Mercedes-Benz Group AG) announced a decline in first-quarter 2026 sales as the company navigates a transitional period in the Chinese market. Quarterly sales fell 6% year-on-year to 419,400 vehicles, reflecting challenges in the world’s largest automotive market. While Mercedes saw sales increase by 7% in Europe and 20%......

Inwi launches morocco’s first private industrial 5g network

Moroccan telecom operator inwi has deployed the country’s first private 5G network dedicated to industrial use, marking a new phase in Morocco’s digital transformation. The announcement was made during GITEX Africa 2026 in Marrakech. The network will serve a 52 hectare industrial site in the Oriental region, one of the largest......

Afghanistan and Pakistan move toward dialogue in China-led peace talks

Officials from Afghanistan and Pakistan have agreed to explore a comprehensive approach to resolving their ongoing tensions following recent peace discussions hosted by China. The talks, held in the Chinese city of Urumqi, aimed to reduce hostilities and encourage both sides to pursue diplomatic solutions after months of escalating tensions......

Sanchez to visit China to strengthen diplomatic and economic ties

Spanish Prime Minister Pedro Sánchez is scheduled to visit China from April 11 to April 15, according to official announcements. The trip marks another step in Spain’s efforts to reinforce its relationship with one of the world’s leading economic powers. This will be Sánchez’s fourth visit to China in recent......

Stellantis explores partnership with Leapmotor to develop new electric Opel SUV

Stellantis is reportedly in advanced discussions with Chinese automaker Leapmotor to jointly develop a new electric SUV under the Opel brand, according to sources familiar with the matter. The potential collaboration reflects a broader trend in the global automotive industry, where established manufacturers are increasingly partnering with......

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