Chinese property giant Country Garden denied Thursday its founder and chairwoman had fled the country, as the debt-saddled builder flirts with a default that could...

Inflation is pushing in different directions in Europe, rising in Germany and falling again in Spain

Federal prosecutors say a Connecticut man was given nearly $300,000 in fraudulent Home Depot credit by walking into stores in several states, taking expensive doors and then returning them without a receipt

American Secretary of Defense Lloyd Austin says Washington would not stand for any “coercion and bullying” of its allies and partners by China, while assuring Beijing that the United States remains committed to maintaining the status quo on Taiwan and would prefer dialogue over conflict

The FOX series brings together celebrities and puts them through intense military training, inspired by the real Special Forces selection process

With roughly a year and a half until the 2024 presidential contest, the field of candidates is largely set

WASHINGTON A U.S. judge ruled on Tuesday that Microsoft may go forward with its planned acquisition of videogame

By Kirsty Needham SYDNEY Solomon Islands Prime Minister Manasseh Sogavare arrives in China on Sunday for his first

Daniel Zhang, the former CEO of Alibaba, has stepped down from his position in the tech giant’s cloud division, in a move that has shocked industry leaders. The 51-one-year-old had taken charge of the cloud division just months ago. Since the announcement by Alibaba, the component stock dropped 3 per cent on Monday in Hong Kong. “The board of our company expresses its deepest appreciation to Mr Zhang for his contributions to Alibaba Group over the past 16 years,” Alibaba said in a statement. Eddie Yongming Wu will succeed Mr Zhang as the acting chairman and CEO of its cloud unit, according to the statement. Nearly three months ago, Mr Zhang quit as company chief and said that he wanted to take care of the spin-off of its cloud business. Now, as Alibaba announced his exit from the cloud division amid the biggest-ever restructuring of the company, Mr Zhang’s exit has come as a surprise to analysts. “We were surprised by the announcement,” Citi analysts wrote on Monday. “Mr Zhang may have wanted to step back from the public spotlight, in our view,” they added, according to CNN. The cloud division is currently estimated to be worth $41bn - $60bn. However, analysts said the reams of data it oversees puts it at risk of facing regulatory scrutiny from both domestic and international regulators. Alibaba split into six business groups – including cloud, e-commerce, logistics, media and entertainment – in March in a major restructuring. “Daniel has expressed his wish to transition away from his role as chairman and CEO of Cloud Intelligence Group,” Alibaba said in the letter. “Following careful consideration, the Alibaba board respected and accepted Daniel’s decision and appointed Eddie as acting chairman and CEO of Cloud Intelligence Group, effectively immediately.” Citi analyst Alicia Yap was quoted as saying by CNBC on Monday that “investors may be concerned that the timing and process of AliCloud’s spin-off may be affected”. She added that Citi will continue to monitor developments and that they are awaiting any new announcements. CNN reported that in an internal letter to employees, Joseph C Tsai, chairman of Alibaba Group, said that he and Mr Wu are looking forward to embracing “the next phase” of Alibaba’s development. “This past March, we embarked on our most ambitious reorganisation in Alibaba’s 24-year history – “1+6+N” – in order to position the company for the future,” he wrote on Sunday, referring to the company’s organisational structure after the restructuring – 1 holding company, six business groups and various businesses. “Under Daniel’s and our team’s dedicated efforts, the reorganisation is making steady progress while our business continues to grow.” Read More Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle Chinese e-commerce giant Alibaba says it will not sell shares in Ant's buyback program Chinese livestreamers set their sights on TikTok sales to shoppers in the US and Europe How Google reshaped the world – and is about to do it all over again Update your iPhone immediately The new iPhone could be the most expensive ever by far

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Football Association chief executive Mark Bullingham would not rule out the possibility that Lionesses boss Sarina Wiegman could one day lead the England men’s team. The 53-year-old’s stock as a serial winner has risen steadily since securing the European Championship trophy with her native Netherlands in 2017, then doing the same with England last summer. She has now guided England to a first-ever World Cup final, in the process becoming the only manager to do so with two different nations in the women’s showpiece after steering her home country to the same stage four years ago. Asked if Wiegman could be seen as a potential successor to Gareth Southgate, Bullingham said: “I think it’s a bit disrespectful of the Lionesses to project it as a step up. People always say it is, ‘the best man for the job’ or, ‘the best Englishman’. “Why does it have to be a man? I think our answer is always it’s the best person for the job. We think Sarina is doing a great job and hope she continues doing it for a long time.” Pressed as to whether England was ready to have a woman in the top men’s seat, he added: “I think football is behind other sports in terms of lack of female coaches at the top level, and that has to change. “Do I think Sarina could do any job in football? Yes, I do. I’m really happy with the job she’s doing and I hope she stays doing that job for a long time. If at some point in the future she decides she wants to move into the men’s game, that would be a really interesting discussion but that’s for her, right? If and when we get a vacancy in either of our senior men’s or women’s manager positions, we would go for the best person for the job FA chief executive Mark Bullingham “I don’t think we should view it as a step up. If she decides at some point in the future to go in a different direction, I think she’s perfectly capable. “If and when we get a vacancy in either of our senior men’s or women’s manager positions, we would go for the best person for the job, which would be the best person capable of winning matches.” Wiegman’s current contract runs out in the summer of 2025, which would see her through England’s European title defence, with next summer’s Paris 2024 Olympics a possibility – though not a guarantee – should the new Nations League result in a qualification for Team GB. The rampant rumour mill has Wiegman shortlisted as a potential candidate to replace United States boss Vlatko Andonovski, who on Thursday US Soccer announced had stepped down from his position after the double-defending champions were knocked out by Sweden for a worst-ever last-16 finish. Wiegman has a strong affinity for the United States, where she played for the University of North Carolina Tar Heels and was awed by the infrastructure that already existed around women’s football in late-1980s America. But asked if the FA would reject an approach should the United States come courting the three-time FIFA Best award winner, Bullingham instantly replied: “One hundred per cent. It is not about money. We are very, very happy with her and we feel she is happy. “We’ve seen lots of rumours and, look, she is a special talent. We know that. From our side, she’s obviously contracted through until 2025. We think she’s doing a great job. We’re obviously huge supporters of her and I think hopefully she feels the same way.” Bullingham said the FA would wait until after Wiegman takes a well-deserved post-tournament holiday before striking up any conversations about extending her stay at St George’s Park. While Bullingham believes Wiegman could have any job in football, he admitted it could still be some time before an England women’s manager would be compensated equally to his or her men’s counterpart. He added: “I think over time, I think there’s where you’ve got to get to. If you look at the disparity in the market and the income coming in, that’s why you’ve got a difference. “I would say that Sarina is, within the market she operates, well-paid. And if you look at the comparison in the men’s game, it’s a different market. I really want those markets to merge, over time, and I think that’s where you’ve got to go, but we’re not there yet.”