Ja Morant had 24 points, eight assists and seven rebounds as the Memphis Grizzlies used a third-quarter burst to beat the Dallas Mavericks 133-104 on Tuesday night. Dillon Brooks added 22 points and John Konchar had a season-high 18 for the Grizzlies. Kyle Anderson scored 15 points, including 10 in the key third quarter as Memphis continues to try and move up in the Western Conference standings.
With us today are Sacha Poignonnec and Jeremy Hodara, co-founders and co-CEOs of Jumia, as well as Antoine Maillet-Mezeray, CFO. Actual results may differ materially from those indicated in the forward-looking statements.
Condensed Consolidated Statements of Cash Flows table was originally missing the "Maturities of marketable securities" row and corresponding information.
TI10 will be held from 5 to 15 August in Stockholm, Sweden. The tournament will start with a Group Stage from 5 to 8 August followed by a two-day break before the Main Event kicks off from 10 to 15 August.
Violence in mixed Jewish-Arab towns in Israel flared early on Wednesday amid growing anger within the country's Arab minority over Israeli air strikes on Gaza and police raids on Jerusalem's Al-Aqsa Mosque. Prime Minister Benjamin Netanyahu declared a state of emergency in Lod, near Tel Aviv, after reports emerged on Tuesday of Arabs setting fire to a synagogue and Jews stoning a car that was being driven by an Arab resident. "We have lost control of the city and the streets," Lod Mayor Yair Revivo lamented to Israel's Channel 12 News.
A car matching the description of one belonging to a Texas mother who went missing three weeks ago was found in a pond with a body inside, authorities said Tuesday. Erica Hernandez, 40, was last seen leaving a friend's house in southwest Houston in the early morning hours of April 18. Information gathered from the FBI led authorities to a retention pond in Pearland, southeast of Houston, where they searched the area and "found a location that was consistent with a vehicle striking the curb and entering a body of water at the end of the road," Houston Police Department Commander Kevin Deese said during a press briefing Tuesday evening.
Israelis and Palestinians are in the midst of an intensifying conflict following the worst exchange of airstrikes since 2014.
Judd Apatow and Ben Stiller paid tribute to Lloyd, who worked with some of the biggest names in Hollywood history.
'Hannity' host slams the Biden administration for response to Colonial Pipeline hacking, rise in fuel prices.
(Bloomberg) -- Has the storm passed for Alibaba Group Holding Ltd.?That will be the question for executives and investors as the Chinese e-commerce giant reports earnings on Thursday in the wake of a government crackdown on co-founder Jack Ma’s empire. Profit and revenue for the quarter are sure to be less consequential than any concrete evidence about whether the regulatory issues are resolved.Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive, including a requirement that merchant sell exclusively on its platforms or not at all. Executives also thanked regulators and pledged to support merchants -- all in a bid to put the regulator troubles behind it.On Monday, Alibaba held its annual staff and family event at its sprawling Hangzhou campus, where kids played in ball pits and drew doodles while the company’s animal mascots posed for photos with employees in cosplay outfits. Chief Executive Officer Daniel Zhang hosted a wedding ceremony for dozens of young couples, according to a corporate video. “No matter when you have good times or challenges, let’s have passion and love, and make our lives and work better,” he told them. Ma was spotted in a blue t-shirt at the festivities, according to photos online, making a rare appearance following a period of enforced hibernation during the worst of Alibaba’s troubles.But several key issues remain unresolved. Alibaba’s finance affiliate, Ant Group Co., is still wrangling with regulators over its future. Beijing is debating how it will regulate the use of data, which is core to Alibaba’s competitive advantage. And finally, the government is considering whether to compel Alibaba to shed media assets, which have supported its brand -- and Ma’s. The firm has lost roughly $260 billion in value since rising to a record in late October. Its Hong Kong shares rose as much as 4.4% Wednesday, paring losses since the fine was announced to about 1%.For the record, the financial results are expected to be strong. Revenue for the March quarter is projected to rise 58% to 180.4 billion yuan ($28 billion) -- recovering from a Covid low -- although net income will take a hit from the fine. Here are the key things investors will quiz management about.Ant’s Uncertain FutureAlibaba owns a third of Ant, the company at the center of Beijing’s fintech crackdown. Its report card this week will provide a peek into how the affiliate performed during the three months ended December -- when its record initial public offering was called off as regulatory scrutiny swung into high gear -- as the fintech firm’s results lag one quarter behind Alibaba.Just days after the antitrust watchdog handed down its fine on Alibaba, financial regulators ordered Ant to turn itself into a financial holding company that will effectively be supervised more like a bank. The company will need to open its payments app to competitors, increase oversight of how that business fuels its profitable consumer lending operations and cut the outstanding value of its money-market fund Yu’ebao.That overhaul has already prompted some investors including Fidelity Investments and Warburg Pincus to slash their valuation estimates for Ant, which had once targeted a record $35 billion for its dual listings in Hong Kong and Shanghai. Now, the firm’s value could plummet to as low as $29 billion from $320 billion previously, according to Bloomberg Intelligence analyst Francis Chan.Data HordeChina’s crackdown on its internet behemoths extend well beyond rooting out practices like forced exclusivity agreements and predatory pricing. Attempts to loosen the stranglehold of Alibaba and its peers over the vast reams of data they’ve accumulated may have even more far-reaching implications and the government is said to be exploring a number of models and actions to force the corporations into opening up their data hoards.Beijing is pouring money into digital infrastructure, drafting new laws on data usage and building new data centers around the country with the goal of positioning China as a leader in transforming the world economy over the next few decades. Xi Jinping declared his intention in March to go after “platform” companies that amass data to refine their services and create better products that allowed them to create natural monopolies that squeeze out smaller competitors.Read more: Xi’s Next Target in Tech Crackdown Is China’s Vast Reams of DataMedia and DealsLike other Chinese tech giants, Ma’s firm has previously carried out a series of mega mergers and acquisitions through a so-called Variable Interest Entity Structure, which operated on shaky legal grounds. That practice has now come under scrutiny from the State Administration for Market Regulation, which began reviewing years-old deals. Since December, it’s issued a series of fines to firms for not seeking antitrust clearance, a move that may chill future dealmaking and hamper Alibaba’s ability to gobble up promising startups or simply buy out competitors that threaten its dominance.Alibaba was ordered in December to pay 500,000 yuan in December for a 2017 deal involving its stake in department store operator Intime Retail Group Co. Other such deals may also come under the spotlight, including its takeover of food-delivery service Ele.me and investment in hypermart operator Sun Art Retail Group Ltd. In the worst-case scenario, Alibaba could be forced to unwind those investments, if they’re found to have violated anti-monopoly laws.Meanwhile, the Chinese government wants Alibaba to sell some of its media assets, including the South China Morning Post, because of growing concerns about the technology giant’s influence over public opinion in the country, a person familiar with the matter has said. The company has a major stake in the Twitter-like Weibo and owns Youku, one of China’s biggest streaming services, as well as the SCMP, the leading English-language newspaper in Hong Kong.Moving OnFor Alibaba, the $2.8 billion fine was less severe than many feared and helps lift a cloud of uncertainty hanging over Ma’s empire. Following the fine, Vice Chairman Joseph Tsai told investors the company was “happy to get the matter behind us,” and that it’s unaware of any other probes into its businesses.Now, the attentions of Beijing appear to be turning to its rivals. Days after bringing the Hangzhou-based giant to heel, the antitrust watchdog summoned 34 of the country’s most influential tech firms and ordered them to learn from Alibaba’s example. They were told to pledge compliance with regulations and given one month to rectify their business practices, a deadline that expires this week.Food delivery behemoth Meituan has been the most visible target. Authorities announced in April they were beginning a probe into for alleged abuses like forced exclusivity, the same charges leveled against Ma’s firm. The food delivery firm and fast-growing Pinduoduo Inc., which recently over took Alibaba in annual users for the first time, were also criticized by the Shanghai Consumers Council this week for hurting consumer rights.Meanwhile, Beijing is preparing to slap a fine of at least $1.6 billion on Tencent Holdings Ltd., Reuters has reported, adding that its music streaming business is under particular scrutiny. Financial regulators also see Asia’s largest company as deserving increased supervision after the clamp down on Ant, people with knowledge of their thinking told Bloomberg in March.“The fine on Alibaba -- although a record high -- is manageable for the company and demonstrates that Beijing seeks change and not disruption, in our view,” UBS Global Wealth Management Chief Investment Office said in its May report. “It also gives a glimpse into what other firms under the regulatory microscope can expect in terms of penalty amount and restructuring changes.”(Updates shares in fifth paragraph)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.
Jordan Montgomery pitched six strong innings, Aaron Judge and Gary Sánchez homered, and the New York Yankees beat the Tampa Bay Rays 3-1 on Tuesday night. About two hours before the start, it was announced that Yankees third base coach Phil Nevin is away from the team after a positive COVID-19 test. The Yankees beat Tampa Bay for just the second time in seven games this season.
Oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in U.S. crude inventories, which reinforced OPEC's robust demand outlook, and as the shutdown of the biggest U.S. fuel pipeline headed into a sixth day. U.S. West Texas Intermediate (WTI) crude futures rose 21 cents, or 0.3%, to $65.49 a barrel at 0013 GMT, adding to a 36 cent rise on Tuesday. Brent crude futures climbed 15 cents, or 0.2%, to $68.70 a barrel, adding to a 23 cent gain on Tuesday.
It has been a long road for electric cars in the United States, but myriad announcements by major automakers signal they are at last moving towards the mainstream.
(Bloomberg) -- Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter.The Amazon.com Inc.-backed startup is looking to raise about $200 million in the round, said the people, who asked not to be identified as the information is private. Acko is also considering a listing as soon as this year, one of the people said.The funding round, if successful, will make Acko the latest unicorn in India, where there’s been a boom for the technology industry. In April, the country minted at least six new startups with a valuation of $1 billion or more in a week’s time.Acko, founded in 2016, is among India’s first digital insurers that provides coverage for cars, motorbikes and even taxi passengers as well as health insurance, according to its website. It has more than 400 employees and has sold policies to over 50 million customers. Besides Amazon, the startup also counts Accel, Catamaran Ventures and SAIF Partners among its investors.The Bangalore-based startup raised $60 million in a series D financing round last year.Deliberations are ongoing and Acko’s latest fundraising plans could still change, the people said. Acko Managing Director Varun Dua declined to comment.(Adds details of Acko’s last funding round in fifth paragraph.)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.
NHS England said there are thousands more nurses working in the health system after being inspired by the "Nightingale effect". There were 330,000 nurses, midwives and health visitors working in the NHS in England in January - over 11,000 more than in January 2020. There are also an additional 5,195 healthcare support workers and assistants, as well as record numbers of student nurses entering the profession.
Martin Griffiths, a U.N. diplomat with wide global experience who has spent the last three years trying to help end the war in Yemen, has been selected by the secretary-general as the new U.N. humanitarian chief, diplomats said Tuesday. The diplomats, speaking on condition of anonymity because the selection process has been private, said Secretary-General Antonio Guterres was expected to announce the appointment of Griffiths, who is British, in the coming days. The post of undersecretary-general for humanitarian affairs has traditionally gone to someone from Britain, part of an unofficial division of top U.N. posts among the five permanent Security Council nations -- the U.S., Russia, China, Britain and France.
After spending 22 years in solitary confinement, Anthony Gay is trying to make sure no other prisoner in Illinois has to experience the same level of trauma that he went through. Gay is the face of the state's Anthony Gay Isolated Confinement Act, a bill developed over the last 10 years that would limit solitary confinement to no more than 10 days per six-month period. It's one of several bills currently moving through state legislatures across the country that aim to reform solitary confinement in prisons and reduce the severe mental health toll on prisoners.
Shares in Nissan Motor Co slumped as much as 10.3% on Wednesday morning to their lowest in four months after the Japanese automaker's weaker-than-expected guidance for the current fiscal year. Nissan defied expectations on Tuesday for a return to profitability in the year ending March 2022, as the global chip shortage and raw material price increases curb its recovery from a record annual operating loss.
Neither Serena Williams nor Rafael Nadal would commit to competing in the Tokyo Olympics.
‘Future-proofed’: three-year budget boost for high-performance Australian sport$132.8m earmarked for sport through to 2024 OlympicsAlso covers women’s football and basketball World Cups Australian Olympians, readying for the Tokyo Games, will receive grants over the next three years. Photograph: Nick Mulvenney/Reuters