Read the memo Singapore billionaire Forrest Li sent to employees of Shopee, the Amazon of Southeast Asia, as the company’s losses widen and it prepares for layoffs

Shopee was founded in 2015 in seven markets across Southeast Asia and has since expanded operations into 13 markets total. NurPhoto / Contributor / Getty images A 1,000-word internal staff memo outlines Shopee's 12-18-month plan to achieve self-sufficiency. The company's executive team will temporarily forgo cash compensation, per the memo. Once the darling of the […]

Turkey could widen Syria offensive after Erdogan vows to attack ‘wherever there are terrorists’

Turkish President Recep Tayyip Erdogan has hinted yet again that the campaign against Kurdish militia in Syria could spread beyond the north-western enclave of Afrin. “Just as the terrorists in Jarabulus and Al-Bab weren’t able to escape elimination, the terrorists in Afrin and Manbij won’t be able to escape the bitter end awaiting them, either,” […]

Tesla's quarterly revenue beats estimates but losses widen

Aug 2 (Reuters) – Electric-car maker Tesla Inc reported better-than-expected quarterly revenue and backed its delivery guidance for the second half of the year. Shares of the company, which said it was averaging over 1,800 net reservations per day for its mass-market Model 3 since the handover of the launch vehicles last week, rose as […]

Cleveland police widen manhunt for Facebook murder suspect

(Reuters) – The manhunt widened on Monday for a murder suspect who police said posted a video of himself on Facebook shooting an elderly man in Cleveland, where authorities appealed to the public for help in the case after urging the killer to turn himself in. Police said they have received “dozens and dozens” of […]