European headquarters in london. We have all angles covered on the alibaba story. Alibaba makes it official. The Online Retail giant has filed to go public in the u. S. It will be the biggest Public Offering the world has ever seen. Ferro. Joined by jonathan lets start with you, john. We have this billion that they are talking about, but nobody believes that. As 20ould be as high billion. We are expecting a filing and here it is. The price of the shares, how big the offering will be. Around 250e volume, billion last year. That is more than ebay and amazon put together. How on earth do you value this company . We also know a little bit more about these billionaires involved. Huge personalities. Be the poster child for the hero of liberal arts. His parents were singers. He taught english. Business wasnto something new. He failed the teachers exam twice before he exceeded succeeded. There are some Big Companies involved here. Yahoo has a huge stake. Softbank, a huge stake in this business
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Subscriber only Major changes are on the cards for the structure of Richmond Valley Council, as it seeks to set itself up for a strong future. At this month s meeting, councillors agreed to go ahead with the proposed changes, which will include creating two senior positions. Currently, the executive consists of general manager Vaughan Macdonald and the director of infrastructure and environment, Angela Jones. In his report to the council, Mr Macdonald said they had been working hard to improve the council s performance as a customer-focused and progressive council . It is now time to set up our organisation for the next phase of growth and maturity in how we operate, make decisions and deliver services, he said.