We would like to show you a description here but the site wonât allow us. “These regulatory actions are undertaken to ensure fair competition.”The fine came with a plethora of “rectifications” that Alibaba will have to put in place -- such as curtailing the practice of forcing merchants to choose between Alibaba or a competing platform -- many of which the company had already pledged to establish. Its upstream smelter in Dunkirk is not affected.The move, first reported by the Australian Financial Review, comes as Gupta fights to save his business following the collapse of key financier Greensill Capital.“The management of those businesses will now work collaboratively with the conciliator and the businesses’ stakeholders to find sustainable solutions for the sites and ensure business continuity,” the spokesman said by email.The Alvance factories make car parts and employ almost 1,000 workers between them. SHANGHAI (Reuters) -China's Alibaba does not expect any material impact from changes to its exclusivity arrangements with merchants, CEO Daniel Zhang said on Monday, after regulators fined the e-commerce giant a record $2.75 billion for abusing its market dominance. FEEL GOOD | Cape Flats brothers' clothing brand started to keep family afloat now... FEEL GOOD | Waiting room wedding: Couple ties the knot at Cape Town hospital, Every day ke payday for Daily Lotto players. Policy decisions, rather than technical developments, will also be necessary to push forward yuan internationalization, as China maintains a strict regime of capital controls.China’s financial system is too “fragile and weak” to pose a real threat to the dollar’s status as the world’s reserve currency, according to Mark Sobel, U.S. chairman for the Official Monetary and Financial Institutions Forum.“At the end of the the day the markets have more confidence in the Fed” than China’s central bank, said Sobel, a former senior U.S. Treasury official for international matters.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. (Bloomberg) -- India’s online-education startup Byju’s is raising about $1 billion from new investors including B Capital Group, founded by former Facebook cofounder Eduardo Saverin, Baron Funds and XN, a person familiar with the matter said.The infusion that values India’s online-lessons platform at about $15 billion is among the largest recent capital increases in India. Their median estimate calls for a 5.5% increase in purchases after a winter weather-depressed February.Meantime, industrial production at the nation’s factories, mines and utilities is projected to rebound strongly, led by robust manufacturing. The 18.2 billion yuan penalty was based on just 4% of the internet giant’s 2019 domestic revenue, regulators said. The online lessons startup’s early investors include Facebook founder Mark Zuckerberg’s Chan-Zuckerberg Initiative, Naspers Ltd. and Tiger Global Management.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. (Bloomberg) -- Microsoft Corp. is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc., according to people familiar with the matter.The price being discussed could value Nuance at about $56 a share, though the terms may still change, one of the people said. RubiStar is a tool to help the teacher who wants to use rubrics, but does not have the time to develop them from scratch. The yuan could weaken further as the dollar extends its global resurgence.“China’s bull run is being tested,” said Adrian Zuercher, head of global asset allocation of UBS Chief Investment Office. Their debuts allow investors to bet on the industry’s ascendancy in the post-Covid mobile era over the financial institutions and industrial conglomerates that have long dominated Southeast Asia’s corporate landscape. Alibaba’s shares rose 5.5% Monday morning in Hong Kong.“We’re happy to get the matter behind us,” Joseph Tsai, co-founder and vice chairman, said on an investor call on Monday. We need to get it right.”Yellen has signaled interest in research into the viability of a digital dollar, a shift from a lack of enthusiasm under her predecessor, Steven Mnuchin.“It makes sense for central banks to be looking at” issuing sovereign digital currencies, she said at a virtual conference in February. The 18.2 billion yuan ($2.8 billion) fine, to penalize the anti-competitive practice of merchant exclusivity, is equivalent to 4% of Alibaba’s 2019 domestic sales. Turkey watchers will be keeping a close eye on the interest-rate decision on Thursday.Click here for what happened last week and below is our wrap of what is coming up in the global economy.U.S. Taken as a whole, Latin America’s bigger economies saw a surge in trade surpluses in 2020 as the pandemic’s demand shock curbed imports.For more, read Bloomberg Economics’ full Week Ahead for Latin AmericaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Oil Steady Near $59 as Fed’s Powell Points to Economic Growth, China Led The Recovery Trade; Now Almost Everyone Is Cautious, Asia Stocks Dip With U.S. Futures; Dollar Edges Up: Markets Wrap, Individuals in India Snap Up Riskier Firms’ Debt Seeking Yield, GLOBAL MARKETS-Asia shares slip into earnings season, U.S. data deluge, Alibaba says does not expect material impact from antitrust fine, shares rally, Asia shares slip into earnings season, U.S. data deluge, S.Korean battery makers agree $1.8 billion settlement, aiding Biden's EV push, Gupta’s French Downstream Aluminum Units Seek Protection, Grab’s $34 Billion SPAC Deal Puts Southeast Asia Tech on the Map, South Korean battery makers agree $1.8 billion settlement, aiding Biden's EV push, Biden Team Eyes Potential Threat From China’s Digital Yuan Plans, Saverin’s B Capital, Others Invest $1 Billion in India’s Byju’s, Microsoft in Talks to Buy AI Firm Nuance Communications, XRP Doubles in 7 Days, Heads for Biggest Weekly Gain Since December 2017, Borrowing opportunity: Mortgage rates drop for the first time in 7 weeks, Bitcoin above $60,000 again on talk of reduced supply, People are flocking to the reopened Obamacare marketplace — and finding deals, Alibaba accepts record China fine and vows to change, Traders Opting for Cash and Carry Strategy as Bitcoin’s ‘Contango’ Widens, Record Alibaba Fine Shows China’s Big Tech Can’t Fight Back, Watch U.S. Inflation for Hidden Price Momentum: Eco Week Ahead. And the central bank is said to be leading discussions around establishing a joint venture with local technology giants to oversee the lucrative data they collect from hundreds of millions of consumers, which would be a significant escalation in regulators’ attempts to tighten their grip over the country’s internet sector.“The high fine puts the regulator in the media spotlight and sends a strong signal to the tech sector that such types of exclusionary conduct will no longer be tolerated,” said Angela Zhang, author of “Chinese Antitrust Exceptionalism” and director of the Centre for Chinese Law at the University of Hong Kong. The 2020 Fresh Cut Products: Maintaining Quality & Safety Workshop was offered through Zoom this year over five 3-hour, live weekly sessions. China’s recent establishment of a joint venture with SWIFT, the messaging nexus through which most cross-border settlements pass through today, suggests it is possible a digital yuan could work within the current financial architecture rather than outside of it.U.S. In a statement, Biden called the settlement "a win for American workers and the American auto industry.... We need a strong, diversified and resilient U.S.-based electric vehicle battery supply chain". Oops! This four-hour version from the original director goes into greater detail about many characters, including Superman, Batman, Wonder Woman, The Flash, Aquaman and Cyborg. Shares in Alibaba Group Holdings Ltd rose as much as 9% in Hong Kong trade as a key source of uncertainty for the company was removed, and on relief the fine and steps ordered were not more onerous. Learning resources for kids featuring free worksheets, coloring pages, activities, stories, and more! A spokeswoman for Byju’s declined to comment on the fundraising.Byju Raveendran, the education company’s founder and chief executive officer, said in an interview earlier in the week that the platform is looking to make acquisitions to quicken the pace of growth in markets like the U.S. (Bloomberg) -- The Biden administration is stepping up scrutiny of China’s plans for a digital yuan, with some officials concerned the move could kick off a long-term bid to topple the dollar as the world’s dominant reserve currency, according to people familiar with the matter.Now that China’s digital-currency efforts are gathering momentum, officials at the Treasury, State Department, Pentagon and National Security Council are bolstering their efforts to understand the potential implications, the people said.American officials are less worried about an immediate challenge to the current structure of the global financial system, but are eager to understand how the digital yuan will be distributed, and whether it could also be used to work around U.S. sanctions, the people said on the condition of anonymity.A Treasury spokeswoman declined to comment. We would like to show you a description here but the site wonât allow us. While home sales have shown signs of leveling off, builder backlogs remain hefty.What Bloomberg Economics Says:“Narrow pockets of elevated demand and localized supply-chain disruptions will create price spikes in a limited subset of categories. “This kind of model is good for the growth of the country’s economy and helps innovation.”He said the company is unaware of any other antitrust investigations into the company, except for a previously discussed probe into acquisitions and investments by Alibaba and other tech giants.Alibaba Chief Executive Officer Daniel Zhang on Saturday declared his company now ready to move on from its ordeal, while China’s Communist Party mouthpiece People’s Daily issued assurances that Beijing wasn’t trying to stifle the sector.The Hangzhou-based firm “has escaped possible outcomes such as a forced breakup or divestment of assets. In light of Marikana, Life Esidimeni, Collins Khosa and other examples, Mthokozisi Ntumba's death is the ANC’s interpretation of "a better life for all". In a statement, Biden called the settlement "a win for American workers and the American auto industry.... We need a strong, diversified and resilient U.S.-based electric vehicle battery supply chain". The region didn’t have a single major tech company listed till Sea went public in New York in 2017. “People believe the U.S. economy will recover strongly in the next two years and that’s what stocks and bonds have been pricing in.”Zhou said he expects the yuan to weaken to 6.83 per dollar by the end of this year, from around 6.56 Friday. 1 Asian performer since the start of last year and trails only Tesla Inc. globally.Gojek and Tokopedia, Indonesia’s two most valuable tech startups, are seeking investor approval for a merger that could create the country’s largest internet company ahead of a dual IPO. The mediator will try to stave off insolvency by working out arrangements between the French units and their creditor, a process that could last as long as 10 months. Among companies valued at $100 billion or more, the stock is the No. The company views AI as a key driver of future sales of cloud services.Microsoft faces fierce competition in the space with rivals such as Alphabet Inc.’s Google and Amazon.com Inc. also investing heavily in the field. Microsoft has climbed 15%.Nuance CollaborationMicrosoft and Nuance have collaborated since 2019 on technologies to do things like allow doctors to capture voice conversations from patient visits and enter the data into electronic medical records.“This can really help Microsoft accelerate the digitization of the health-care industry, which has lagged other sectors such as retail and banking,” said Anurag Rana, a Bloomberg Intelligence senior analyst. © 2021 (1.1.21089.1) 24.com. But Tsai said regulators won’t impose radical changes to its e-commerce strategy.“They’re affirming our business model,” he said. The dollar’s current dominance in cross-border transactions gives the U.S. Treasury the power to cut off much of a business or even a country’s access to the global financial system.China’s officials have said the main intentions of the digital yuan are to replace banknotes and coins, to reduce the incentive to use cryptocurrencies and to complement the current private-sector run electronic payments system -- dominated by Ant Group Co.’s Alipay and Tencent Holdings Ltd.’s WeChat Pay. The latest underperformance of Chinese markets also resulted from Beijing’s decision to resume a battle on debt that was interrupted by the trade war with Washington and the pandemic.Concerns about inflation and tighter monetary conditions mean appetite for Chinese shares will likely remain subdued, while the country’s government debt market faces the test of a supply glut later this year, investors and analysts say. “For this, we are full of gratitude and respect.”It’s a sign of how odd China’s crackdown on the power of big tech has been compared with the rest of the world. Those comments set in motion an unprecedented regulatory offensive, including scuttling Ant’s $35 billion initial public offering.It remains unclear whether the watchdog or other agencies might demand further action. Starbucks will equip farmers with tools that will lessen the use of fertilizer; promote varietals that are climate-resistant and rust-resistant, which will allow for more coffee grown on the same amount of land; and promote and restore forests impacted by coffee farming, starting in Peru and Colombia. (Bloomberg) -- A significant part of the French aluminum businesses belonging to embattled British metals mogul Sanjeev Gupta has sought protection from creditors, the company said on Sunday.Alvance Aluminium Group entered voluntarily into “conciliation proceedings” supervised by a court-appointed agent for its three downstream businesses, its spokesman said in a statement. Something went wrong, please try again later. However, the more dominant factor containing inflation will come from excess labor slack and the resulting absence of rising wage pressures.”--Carl Riccadonna, Yelena Shulyatyeva, Andrew Husby and Eliza Winger. A spokesperson for Nuance, based in Burlington, Massachusetts, didn’t immediately respond to a request for comment.Nuance’s shares have climbed 3.4% this year, giving the company, which laid the groundwork for the technology used in Apple Inc.’s Siri voice software, an almost $13 billion market value but still trailing the 9.9% jump in the S&P 500 Index. Money has flown out of China’s biggest internet names since Beijing launched a campaign to curtail Alibaba and its peers late last year. President Christine Lagarde will be among a line-up of speakers scheduled for the coming days. Existing backers, including private equity giant Silver Lake Management, Owl Ventures and T Rowe Price, are investing about $100 million each in the funding round, which is yet to close, said the person, who did not want to be identified because discussions are confidential.The startup remains in discussions to close the round with a further $200 to $300 million in the coming weeks at a slightly higher valuation, the person said.The large investment into Byju’s comes as fundraising by Indian startups reaches a feverish pitch. We would like to show you a description here but the site wonât allow us. Washington-Beijing tensions, meanwhile, threaten to escalate and suppress the Asian country’s presence in America and even get Chinese firms tossed off U.S. bourses. Cash and carry traders seek to profit from the spread between bitcoin's price in futures and spot markets. “Volatility will stay elevated in the near term.”Subdued TradingAfter delivering a world-beating rally earlier in the year, Chinese shares have reversed course since February, when it became increasingly clear that policymakers were shifting their priority to taming asset bubbles and reducing financial leverage.The broader de-risking campaign also includes a crackdown on the country’s internet and fintech giants. 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