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NEW YORK: Federal Reserve Chair Jerome Powell on Wednesday gave a clear signal the central bank is ready to raise US interest rates in March for the first time since cutting them to zero after th arrival Covid-19.
Chinese ride-hailing giant Didi Global Inc (滴滴) on Wednesday reported a 1.7 percent decline in third-quarter revenue, as its domestic business took a hit from a regulatory crackdown.
Alibaba Group Holding Ltd (阿里巴巴) chief executive officer Daniel Zhang (張勇) had resigned from his post as director on Didi’s board, the company said.
He is succeeded by Yi Zhang (張毅), a senior legal director at Alibaba Group, it said.
Chinese authorities have come down hard on Didi after its New York Stock Exchange listing in June, demanding that it took down its app from mobile app stores, while the Cyberspace Administration of China investigated