Alibaba wins injunction against Pentagon contract restrictions tied to China blacklist

Alibaba secured a victory in a US court, challenging a Department of Defense blacklist that labeled the e-commerce giant as an ally of the Chinese military. The ruling came on Monday (October 26) in a federal court in San Jose, California, commanding the Trump administration to halt enforcement of the ban on the Pentagon engaging in business with any company that promotes "lobbying activities" for Hangzhou, China-based Alibaba.

The decision was reported by Bloomberg Decoding Asia newsletter, offering insights on navigating Asia in a new global order. Readers were encouraged to provide feedback on BT's products and services. Notable stocks to watch included CapitaLand Ascott Trust, Keppel Infrastructure Trust, iFast, ESR Reit, and First Sponsor Indonesia, which stated that gas export cuts to Singapore remain within contract terms.

The article also touched upon European war fallout affecting East Asia, and the government's intention to raise the retirement age while providing employers with more financial support to create flexible job opportunities.