This investor is bullish on Alibaba, says now is a ‘great opportunity’ to buy

Lockdowns in China could be a boon for businesses like Alibaba, says Sam Le Cornu of Stonehorn Global Partners, who said his firm is buying more shares in the Chinese tech giant. “We’re increasing our position in Alibaba,” Le Cornu, CEO and co-founder at the investment management firm, told CNBC’s “Street Signs Asia” on Thursday. “Based on valuations and the earnings outlook, we see that it’s a buying opportunity.” As the pandemic stretches into its third year, China continues to press on in its strict zero-Covid strategy, with lockdowns being implemented…

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Android 13 Tiramisu screenshots leaked, reveal big changes coming to Android

Android 12 still remains to be seen on most smartphones, yet we may already have our first look at its next version. Expected to be called Android Tiramisu, Android 13 will likely go into its first round of developer testing in February next year, if Google follows its annual timeline. Before that, a new report hints at some of the new features we can expect to see on it. The report comes from XDA Developers, which has managed to attain some screenshots of Android 13 from a source “with access…

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From iPhone 13 to polishing cloth, every product Apple introduced in 2021

Few companies make a profound impact on consumers’ daily lives as Apple does. Although Apple’s product lineup is relatively small compared to that of its rivals, its products reach a broad set of users despite its premium pricing. Even though there weren’t many sweeping changes in 2021, the year will be best remembered for fixing things that most mattered to end consumers. The new MacBook Pros and iMacs with Apple’s own chipsets, a new iPad mini and the improved line of iPhones seem to have retained Cupertino’s charm in the second pandemic…

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Putin to the West: ‘It is not us who threaten anyone’

Russian President Vladimir Putin urged the West on Thursday to “immediately” meet Russia’s demand for security guarantees precluding NATO’s expansion to Ukraine, saying the U.S. is “on the threshold of our home.” Speaking during a marathon annual news conference, the Russian leader welcomed talks with the U.S., which he said are set to start in Geneva next month, as a “positive” move, but warned that Moscow expects the discussion to produce quick results. “We have clearly and precisely let them know that any further NATO expansion eastward is unacceptable,” Putin…

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Bad Loans Likely To Rise Up To 9% By Fiscal-End: CRISIL

Gross non-performing assets (NPAs) of banks are likely to rise to 8 per cent to 9 per cent by the end of the current financial year, compared to 7.5 per cent of last year, rating agency CRISIL said in a report. The Coronavirus relief measures like restructuring and emergency credit line guarantee scheme will help in limiting the rise, it added. The rise in NPAs, said Krishnan Sitaraman, CRISIL’s senior director and deputy chief ratings officer, will be led mainly by retail clients and micro, small and medium enterprise (MSME)…

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What Parliament Panel Is Considering To Make Social Media Platforms More Accountable

A parliamentary committee on Thursday recommended widening the scope of proposed data protection legislation to include both personal and non-personal data and sought greater accountability for social media platforms by treating them as publishers. The Joint Committee on Personal Data Protection Bill, 2019, headed by BJP MP PP Chaudhary, tabled its report in both the Houses on Thursday. The key highlights of the report include widening the scope of the draft legislation to also cover non-personal data, tighter regulation for social media platforms and the establishment of a statutory media…

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