Finland’s Social Democrats name Marin to be youngest ever prime minister

Finland’s transportation minister Sanna Marin was selected by her Social Democratic party on Sunday to become the country’s youngest prime minister ever, taking over after the resignation of Antti Rinne. The 34-year-old Marin, whose party is the largest in a five-member governing coalition, will be the world’s youngest serving prime minister when she takes office…

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Manchester United sign new partnership deal with Alibaba

Premier League soccer club Manchester United have agreed a partnership with e-commerce giant Alibaba in an effort to extend the club’s engagement with fans in China. The deal will see Alibaba provide club content on its online video platform Youku and develop a future club store on the company’s business-to-consumer platform Tmall.com. The deal is…

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L’Oreal’s Lancome beefs up stores as luxury cosmetics take off

L’Oreal’s (OREP.PA) Lancome brand is planning to open a flagship store in China after launching its first major showcase in Paris this week, its chief executive said, as the company capitalizes on booming demand for high-end cosmetics. Luxury goods makers and beauty firms are increasingly shifting sales online, but many are also sprucing up stores…

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Thailand aims to reduce rubber plantations, ramp up value of exports

Thailand’s cabinet has approved a 20-year plan to slash rubber plantations by 21% nationwide and increase the value of rubber exports by more than threefold, a government spokeswoman said on Wednesday. Thailand is the world’s top producer and exporter of natural rubber, accounting for up to 40% of global supply, but Thai rubber farmers have…

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Companies go ‘speed dating’ in race for Singapore digital bank licenses: sources

About three dozen firms including ride-hailer Grab, Standard Chartered (STAN.L) and Singapore Telecommunications (STEL.SI) are in talks to form consortiums that can meet tough entry norms to bid for Singapore’s digital bank licenses, sources said. Singapore’s biggest liberalization of its banking sector in two decades seeks to enable online-only banks that can operate at lower…

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Apple supplier Salcomp to invest $279 million in new Indian plant

Finland’s Salcomp, a supplier to U.S. tech group Apple, is to invest 20 billion rupees ($278.67 million) in India to make mobile chargers and other smartphone components from March 2020, the country’s technology minister said on Monday. Salcomp has reached an agreement to take over a facility, formerly owned by Nokia, in the southern Indian…

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Singapore upgrades third quarter GDP as manufacturing gloom retreats

Singapore revised its third-quarter economic growth upward on Thursday, signaling some stabilization in the bellwether Asian economy that has been hit by the trade war between the United States and China. Less gloomy prospects for the city-state also prompted the government to tighten its 2019 growth projection toward the top of its previous forecast range…

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