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As the organizational framework, corporate culture, products and risk control measures of commercial banks are not quite suitable for micro and small enterprises (MSEs) and agricultural-related business clients, demanding large banks to serve these clients is like "asking elephants to perform ballet", he said.

As the COVID-19 pandemic continues to spread around the world, hundreds of thousands of businesses are being shuttered, millions of jobs are vanishing, and over 119,000 lives have been lost to date.

As the founding CEO of Avanade, Mitch Hill once oversaw close to 9,000 employees. In his latest gig, there won’t be quite as many heads to count. The 52-year-old Seattle executive has been named CEO of Opscode, a 37-person company backed with .5 million from Draper Fisher Jurvetson, Battery Ventures and others.

As some sites continue to show signs of Amazon.com’s cloud computing glitches, the company updated its public Amazon Web Services Health Dashboard a short time ago to say that it’s “starting to see more meaningful progress in restoring volumes” in the area of its Elastic Cloud Compute (EC2) service that has been suffering problems since early yesterday.

As the world's largest energy investor, China saw a 25 percent decline in coal-fired power investment last year and is increasingly driven by clean electricity generation and networks, as well as energy efficiency investment, said the report.