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On September 6th, TankerTrackers reported on Saturday that Iraqs oil exports in August fell by 36% compared to pre-war levels, making it one of the Middle Eastern oil-producing countries with the largest decline in exports. The comparison is based on export levels in January and February before the conflict. Iran saw the largest drop, with crude oil exports plummeting by 100%. Qatar and Saudi Arabia followed closely, both experiencing a 48% decline in exports. Kuwaits crude oil exports also fell by 36% in August, matching Iraqs decline, placing these two countries tied for third place among those tracked by TankerTrackers. The UAE saw the smallest decline, with crude oil exports falling by only 0.02% compared to pre-war levels.TeslaAI: The training data for Teslas (TSLA.O) Cyber self-driving electric vehicles exceeds the combined driving experience of 16,000 human drivers over their entire lifetimes. It is now providing a safe, easy, and affordable shared mobility experience to the public in Austin, Texas.NIO (09866.HK): As of today, NIO has built 9,322 charging and battery swapping stations nationwide, including 4,070 battery swapping stations, 5,252 charging stations, and 30,280 charging piles, providing more than 120 million battery swaps to date.OpenAIs Head of Applied Research: Spatial reasoning ability was one of the last areas where humans far surpassed computers, but with Astra, that will no longer be the case.September 6th - According to foreign media reports, a White House official stated on Saturday that US and Russian officials discussed a "substantial" plan for the next steps in negotiations aimed at ending Russias military operations in Ukraine, and that the plan will be released in the coming weeks. The White House official stated, "Witkov and Kushner met with Russian President Putin to advance President Trumps peace agenda in the Russia-Ukraine conflict. Officials from the National Security Council, the State Department, and the Treasury Department also participated in the discussions, exploring proposals to bring peace to this conflict. The two sides discussed a substantial plan for the next steps, the details of which will be released in the coming weeks. We look forward to equally productive talks in Ukraine tomorrow."

Alibaba will register for an initial public offering in Hong Kong

Aria Thomas

Jul 26, 2022 10:59

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Alibaba (NYSE:BABA) Group Holding Ltd said on Tuesday that it would pursue a Hong Kong IPO.


By the end of 2022, the company expects to be dual-primary listed on the HKEX and NYSE.


Alibaba's CEO, Daniel Zhang, said in a press release that the company would pursue a dual listing in order to establish a "broader and more varied investor base."


Zhang said, "Hong Kong is also the launching pad for Alibaba's worldwide strategy, and we have full trust in China's economy and future."


In September 2014, Alibaba went public on the New York Stock Exchange, marking at the time the largest IPO in history.


In November of 2019, a secondary dual listing was accomplished in Hong Kong.


Since then, the firm's share price has almost halved as a result of Beijing's regulatory attack on Chinese technology companies.