Bloomberg Hong Kong’s economy continues to defy its skeptics. It was meant to be the year when monetary tightening from the Federal Reserve, which dictates the city’s interest rates thanks to the local currency’s peg to the greenback, would prick a property bubble. And it was assumed that mainlanders would keep a firm grasp on their wallets, hurting sales across …

Bloomberg UK Chancellor of the Exchequer Philip Hammond will announce a plan to increase house building by almost 40 percent as his Conservative Party seeks to woo younger voters with promises to give them the same home-ownership opportunities as their parents. The government hopes to see 300,000 new homes a year—an increase from the 217,000 built in the past fiscal …

Bloomberg The Trump administration reiterated its goal to reduce the trade deficit with its NAFTA partners in revised negotiating objectives, while adding in proposals it made during talks that were opposed by Canada and Mexico. The US wants reciprocal market access for manufactured goods as part of its push to improve its trade balance with Canada and Mexico, the office …

Bloomberg New sport utility vehicles like the Peugeot 5008 and a jump in demand in France helped revive European car sales in October, offsetting another month of consumer unease in the UK on big-ticket purchases. Registrations rose 5.9 percent from a year earlier to 1.21 million vehicles, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said in a statement. This …

Bloomberg US Thanksgiving travel will jump to the highest level since 2005 boosted by a stronger economy, even as gasoline prices will be higher than a year earlier. About 50.9 million Americans will journey 50 miles or more from home for the November 22-November 26 holiday period, the ninth consecutive increase and a 3.3 percent jump over a year earlier, …

Bloomberg Envoys from almost 200 nations agreed to step up the pace of their work on reining in global warming even without additional help from the world’s richest polluter. Two weeks of discussions organised by the United Nations concluded, after talks were delayed by a grammatical error in the draft text. The delegates, drawn from energy and environment ministries set …

e Bloomberg French President Emmanuel Macron urged European Union leaders to work together to protect living standards and called for financial penalties for those who refuse to play ball. With 27 countries meeting in Gothenburg, Sweden, as Angela Merkel tries to broker a coalition agreement at home in Berlin, Macron said that some members have taken advantage of subsidies from …

Bloomberg Talks aimed at paving the way for German Chancellor Angela Merkel to unite four parties into her next governing coalition were on a knife’s edge as the clock ticked toward a deadline to avert a political crisis in Europe’s biggest economy. Four hours into the latest round in Berlin, there was little sign an agreement was imminent and even …

Bloomberg The French government’s spokesman, Christophe Casta- ner, took the helm of Emmanuel Macron’s party, after an election in Lyon. The election of Castaner, a junior minister in charge of relations with parliament, could trigger a cabinet reshuffle. His new party role is seen as mostly honorary, as Macron — who created La Republique en Marche in April 2016 as …

Bloomberg Zimbabwe’s ruling party fired Robert Mugabe as its leader and ordered him to resign as president by midday on Monday or face impeachment. It named Emmerson Mnangagwa as the new party leader and presidential nominee for elections due to be held next year. The decisions were taken at a meeting of the Zimbabwe African National Union-Patriotic Front’s central committee …