Sunday May 20, 2018
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Yahoo shuts China operations, 200 employees lose job

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In its latest cost-cutting measures, internet giant Yahoo Inc. has shut shop in China.

A move which includes closure of Yahoo’s Beijing research centre, has cost 200 employees their job, a 2% of Yahoo’s worldwide staff of 12,500.

The withdrawal of Yahoo from China was not a complete surprise as the company had already stopped offering services to users in China in 2013, transferring their accounts to Alimail, an email service offered by Yahoo’s close partner in the region, Alibaba Holding Group Ltd.
Since October 2014, Yahoo has sacked 900 employees, including the latest Chinese purge, mostly in offices outside the US.

Job cuts in recent months have also affected workers in Bengaluru, India, and the company’s Canadian offices.

“We will be consolidating certain functions into fewer offices, including to our headquarters in Sunnyvale, California,” Yahoo said.

 

 

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China and Pakistan reach a Consensus on Defense Relations

The Prime Minister said Pakistan is willing to enhance strategic cooperation and pragmatic exchanges in all sectors with China, and ensure the smooth development of the China-Pakistan Economic Corridor and contribute to the regional development and prosperity.

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He said the two militaries should also promote their defence relations comprehensively in the new era, maintain the common interests of the two countries and peace and stability of the region as well as the world.
Visiting Chinese Vice Chairman of the Central Military Commission Zhang Youxia. Wikimedia Commons.

Visiting Chinese Vice Chairman of the Central Military Commission Zhang Youxia has said the Chinese and Pakistani militaries should implement the consensus reached by leaders of the two counties and enhance strategic communication and pragmatic cooperation.

Zhang made the remarks during his meeting with Pakistani Prime Minister Shahid Khaqan Abbasi on Thursday, appreciating that the Pakistani side firmly supports China over issues related to China’s core interests, Xinhua news agency.

He said the two militaries should also promote their defence relations comprehensively in the new era, maintain the common interests of the two countries and peace and stability of the region as well as the world.
Pakistani Prime Minister. Wikimedia Commons.

He said the two militaries should also promote their defence relations comprehensively in the new era, maintain the common interests of the two countries and peace and stability of the region as well as the world.

For his part, Abbasi said Pakistan and China have been seeing close relationships and have carried out broad and deep defence cooperation, adding that Pakistan firmly sticks to the one-China policy.

The Prime Minister said Pakistan is willing to enhance strategic cooperation and pragmatic exchanges in all sectors with China, and ensure the smooth development of the China-Pakistan Economic Corridor and contribute to the regional development and prosperity. IANS.

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