SoftBank to sell part of stake in China's Alibaba for $7.9 bn
Tokyo economy
Tokyo - Arab Today
Japanese mobile carrier SoftBank said on Wednesday that it will sell at least $7.9 billion of its stake in Chinese e-commerce giant Alibaba.
Softbank, which now holds 32.2 percent of the Chinese company, has "approved of a series of capital raising transactions which involve monetising a portion of the shares of Alibaba," the firm said in a statement.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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