Alibaba’s Chairman Jack Ma stepped down today at 55, handing the role over to the company’s current CEO, Daniel Zhang. The transition was announced a year ago. Ma will continue serving on Alibaba’s board until its annual general shareholders’ meeting next year. He also remains a lifetime partner of AlibabaRead More →

Celebrity chef Jamie Oliver has said he is “saddened” after his restaurant group went into administration, putting up to 1,300 jobs at risk. The group, which includes the Jamie’s Italian chain, Barbecoa and Fifteen, has appointed KPMG as administrators. In total, 25 restaurants are affected by the move, 23 ofRead More →

Sales of Apple’s iPhones fell at their steepest-ever rate, according to data for the three months to the end of March.   The firm said revenue from the iPhone dropped by 17%, compared with the same period a year earlier, to $31bn.   However, Apple chief executive Tim Cook saidRead More →

Kenya Airways has posted a Sh7.55 billion net loss for year ended December 2018 as higher costs offset a jump in revenue. The carrier’s full-year results do not have a comparable period because KQ, as the airline is known by its international code, in 2017 changed its reporting period fromRead More →