Day: June 23, 2020

Tencent Smashes Record High After Stock’s $307 Billion Rebound

(Bloomberg) — Tencent Holdings Ltd.’s shares just hit three milestones in a single day.

The Chinese internet and gaming giant rose 4.9% to a record HK$497.40 in Hong Kong on Tuesday, leapfrogging Alibaba Group Holding Ltd. as Asia’s most valuable company. It’s also now doubled in value since a low in 2018, a year in which China’s restrictions on online games triggered the world’s biggest wipeout of shareholder wealth. The Shenzhen-based firm is worth $613 billion, the seventh most globally.

Tencent has for years captivated investors and analysts with its massively popular online gaming business, payments system and WeChat social

India initiates probe into alleged dumping of aluminium foil from 4 nations

In its probe, the directorate has to conclude whether the imported products are impacting domestic industries. (Reuters photo)

India has initiated a probe into the alleged dumping of aluminium foil from China, Indonesia, Malaysia and Thailand following a complaint by domestic manufacturers. Hindalco Industries, Raviraj Foils and Jindal India have filed an application before the commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR), seeking initiation of anti-dumping investigation on imports of ‘Aluminium foil 80 micron and below’ from these countries.

The applicants have alleged that dumping has impacted the industry and has requested for imposition of the

Apple Watch is getting sleep tracking and a feature that makes total sense in current pandemic situation with watchOS 7

Apple says the Apple Watch is smart enough to identify subtle movements.

The Apple Watch is probably the only smartwatch that matters today and with watchOS 7, Apple is making it even more useful (than it already is). watchOS 7, which will follow the equally feature-rich watchOS 6, brings new watch face customization options (and the ability to also share these watch faces easily with others), new workout modes including dancing (yes, you heard it right), Siri translations and dictations, and a lot more. But two features are instant headline grabbers. Sleep tracking and handwashing.

Sleep tracking has been a