Chairman and founder after that stubhub cash deal from ebay. Five years ago, alibaba pulled off its biggest ever ipo on wall street today, the biggest share sale in hong kong in years. The listing is being seen as a triumph for a stock exchange. It comes as prodemocracy protest have gripped the city for weeks. Joining us from washington, john freeman, Vice President of Equity Research at cfra. If you look at the company raising an additional 11 dollars, where do you see that use of in terms of that cash . John it will be interesting to see what they do. I think that brings them to about 43 billion in total, 21 in net cash. I would like to see them invest more heavily into the Cloud Business which is a percent of revenue now, it was growing 64 yearoveryear growth in the last quarter. We have seen this movie before, how the Small Business scales with amazon. 12 of revenue, 70 of profit. As it crosses the breakeven point soon and they can offer additional services, i think that would be a
Earls. I can honestly say one of his books i read at graduate school is one of the very finest and, in fact, one of the very first books to explore soldier motivation and ideology. It is an outstanding book. He has done many others that include pickens charge, rightful musket in the civil war. His book on braxton brag as well. Im not sure youll love him after you read earls book. It is a fair and very well researched and deeply analytical look at that controversial general. Earl has won a number of awards, including the tom watson prize for his work on civil war tactics, something he will be speaking about today. And, i should note, that this book, fighting for atlanta published by the university of North Carolina press that it, in fact, will be his topic. Let me welcome earl hess. Thank you, peter, very much for that nice, generous introduction. Fighting for atlanta, tactics, terrain and trenches in the civil war. Thats the topic. The purpose is to understand one of the more important
And now its time for Economic News the share of the ruble in payments for exports has reached a record 39 . This is the maximum level over the last 5 years, reported to the central bank. Mostly asia and europe paid with russian currency. The countries of north and south america more often chose the dollar and the euro. At the end of the year, their share in export payments was 31. 5 . In third place is 29. 5 . The currencies of friendly countries remain. At the end of the year, the russian budget received almost 160 billion rubles from income at an increased personal income tax rate of 15 . It is valid for citizens with annual earnings of more than 5 million rubles. According to rbc , about half of these taxes were provided by moscow. Next come st. Petersburg, moskovskaya region and krasnodar region. The expected volume of fees this year is 176 billion. Let me remind you that a progressive tax scale has been in effect in russia since the beginning of 2021. The number of passengers of R
To extinguish the flowers, her souls, but they only strengthened it. You look at them, immediately tie up a serious problem, there is no work. Vladimir putin awarded the head of the Russian Olympic Committee Stanislav Pozdnyakov with the order of alexander nevsky. According to the president ial decree published on the official internet portal of legal information , pozdnyakov was awarded for his contribution to the development of the physical culture of sports, as well as many years of conscientious work. Russia is in the top five countries that are capable of independently producing complex installations in hightech hightech industries, this was announced by Prime Minister Mikhail Mishustin during a working trip to samara, he will visit several industrial enterprises. At vera moroz it is necessary not only to invest in new domestic developments, but also to increase demand for them , said Mikhail Mishustin, the head of government visited the development, modernization and maintenance
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