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Alibaba cuts staff after regulatory crackdown
Job cuts mainly involve mid-level, senior people in mainland China
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Stocks close flat, oil gains
Fed scope to deliver another large interest rate increase later this month
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Europe faces big corporate casualty
German utility group asks for bailout as losses may reach $10.1b
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Oil price up $5 on tight supply
Brent crude futures up $5.39, or 5.4%, at $106.08 a barrel
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Oil price plummets nearly $12
It is biggest daily drop since March amid recession fears
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Actor Jerry Hall files for divorce from billionaire Rupert Murdoch
Model cited 'irreconcilable differences' after six years of marriage.
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Kalinina will use Wimbledon prize money to rebuild parents' home
Ukrainian tennis player says it matters if she wins in order to help families rebuild
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Malaysia plans record $18b subsidy
'Govt will also distribute 11.7 billion ringgit in cash aid, and 14.6 billion ringgit in other subsidies'
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FIFA tells Indian FA to hold elections by Sept 15
World governing body also wants AIFF to complete changes to its constitution to avoid ban
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Ukraine’s sports ‘thrown back’ after invasion
Tennis star Svitolina doesn’t support US Open decision to allow Russian players to compete