Bloomberg Singapore’s Mapletree Logistics Trust is set to acquire assets across China, Japan and Vietnam in deals worth over S$1.4 billion ($1.03 billion) amid growing consumption of e-commerce in those markets. The real estate investment trust is purchasing 13 logistics properties in China valued at S$870 million, while the proposed acquisitions of three similar assets in Vietnam are worth S$129.9 ...

Bloomberg South Korea’s exports are poised to extend a run of double-digit gains in November, underpinned by chip and ship sales and signalling global demand remains solid in the run up to the year-end holiday season. The value of Korea’s overseas shipments advanced 27.6% during the first 20 days of this month, the customs office reported, following a 24% increase ...

Bloomberg Sun Life Financial Inc, after shelling out almost $4 billion in the past two years to build up its US and asset-management businesses, is now poised to focus its dealmaking on Asia. Chief Executive Officer Kevin Strain, who took the reins in August, said that Asia’s growing middle class and the company’s goals for increasing earnings in the region ...

Bloomberg President Joe Biden’s administration is considering whether to send American military advisers to Ukraine as Russian forces on that country’s border pose the threat of invasion, CNN reported. The network, citing unnamed sources, said the US was also looking into providing more weapons to Ukraine’s armed forces, including anti-aircraft stinger missiles. CNN added that some of the equipment, including ...

Bloomberg The Nigerian government rejected a leaked report’s findings that its security forces shot and killed unarmed protesters in Lagos last year. The unsigned report by a panel of inquiry set up by the Lagos state government, which began circulating, said 11 civilians died on October 20, 2020, after soldiers and police officers opened fire. The document said the events ...

Bloomberg A top German diplomat urged the UK to honour the post-Brexit Northern Ireland Protocol, and warned that the dispute over the issue is “not a game” as European Union ministers rallied behind the bloc’s chief negotiator. “Dear friends in London and in Britain, please come to your senses,” Deputy Foreign Minister Michael Roth said in Brussels during a meeting ...

Bloomberg On the sidelines of the Group of 20 summit last month, Chancellor Angela Merkel warned her likely successor that the coronavirus pandemic might require tougher curbs. But Olaf Scholz brushed aside the proposal, and Germany is now paying the price. At the Rome meeting in late October, where Merkel introduced Scholz to other world leaders, she proposed convening the ...

Bloomberg Bulgarian President Rumen Radev clarified his stance on Crimea on the first day after his re-election following comments that sparked an angry reaction from the US and Ukraine. Radev, who won a second five-year term, said during a pre-election debate that sanctions on Russia for its occupation of Crimea were having no effect. When pressed by his opponent to ...

Bloomberg Prime Minister Boris Johnson will set out plans for a dramatic expansion of the UK’s electric-vehicle charging network by 2030 when the government will ban the sale of new gasoline and diesel cars. The aim is to add up to 145,000 new charging points a year to the system until the end of the decade, building on the 250,000 ...

Bloomberg German inflation may spike even higher than previously forecast this month with a rate just under 6%, according to the Bundesbank. About 1 1/2 percentage points of that will reflect a temporary cut in value-added tax and very low prices for travel-related services in 2020, the Frankfurt-based central bank said in its monthly report. German inflation already hit a ...