Business
HONG KONG / RankWire.AI / – Alibaba Group has priced a HK$80 billion share placement as it increases spending on artificial intelligence and cloud infrastructure. The Chinese technology company will issue 710 million new ordinary shares at HK$112.70 each. The offering is worth about US$10.2 billion based on current exchange rates. Alibaba expects the transaction to close…
NEW YORK / RankWire.AI / – U.S. stocks finished higher Wednesday as a sharp decline in long-term Treasury yields supported Wall Street. The S&P 500 gained 16.22 points, or 0.21%, to close at 7,707.98. The Dow Jones Industrial Average rose…
SEOUL, SOUTH KOREA / RankWire.AI / – South Korea’s automobile exports climbed 7.0% from a year earlier to US$6.24 billion in July 2026. The figure set a record for the month of July and exceeded the previous July high of…
LONDON, UNITED KINGDOM / RankWire.AI / – Global electric vehicle sales rose 9% year on year in July 2026 to 1.85 million units. The increase lifted worldwide sales for the first seven months to 11.5 million vehicles, up 4% from…
Travel
Technology
TANEGASHIMA, JAPAN / RankWire.AI / – Japan launched its H3 rocket successfully on Tuesday, carrying the Michibiki No. 7 navigation satellite into space. H3 Flight No. 9 lifted off from the Tanegashima Space Center at 4:23:31 a.m. Japan time. JAXA said the launch vehicle followed its planned trajectory throughout the…
Automotive
Luxury
Rolex introduces the latest addition to its esteemed collection with the unveiling of the new Oyster Perpetual Rolex Deepsea model. Breaking tradition, this iteration marks the first-ever presentation of the divers’ watch in 18 ct yellow gold. Sporting a distinctive 60-minute…
The Rolex Oyster Perpetual Day-Date, a beacon of horological prestige, marries the elegance of 18 ct gold or 950 platinum with groundbreaking innovation. Since its launch in 1956, it has stood out as the first wristwatch to display both the date and…
The 53rd edition of the Watch & Jewellery Middle East Show, unveiled its treasures on January 31st in Sharjah. This prestigious event, a collaboration between Expo Centre Sharjah and the Sharjah Chamber of Commerce and Industry, has become a beacon for luxury connoisseurs worldwide,…
Porsche, the renowned sports car manufacturer, has teamed up with Frauscher Shipyard to unveil the 850 Fantom Air, their inaugural electric sports boat. Powering this maritime marvel is the drive technology slated for Porsche’s upcoming all-electric Macan. International media and enthusiasts recently…
The Rolex GMT-Master II is making waves with its two latest versions – one in yellow Rolesor, a blend of Oystersteel and yellow gold, and another in 18 ct yellow gold. These timepieces debut a groundbreaking grey-black Cerachrom bezel insert, redefining the…