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Singapore’s home sales gain with annual tally

Bloomberg Singapore’s home sales rose in November, extending gains for a year that is already the best since 2013, as developers marketed more projects. Developers sold 785 units in November, up from a revised 760 in October, according to Urban Redevelopment Authority data. Singapore’s property market is turning around, with home prices climbing again after a record run of declines ...

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US economy to ‘rock’ as GOP races to tax-cut finish: Trump

Bloomberg President Donald Trump predicted the US economy is “going to start to rock” when the Republican rewrite of the US tax code is complete after a six-week sprint. GOP lawmakers posted their sweeping, 503-page bill—with permanent tax cut for US corporations and temporary benefits for individuals—after gaining key votes from two Republican senators who’d threatened to oppose it. Now, ...

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AT&T boss exits Boeing, Emerson boards ahead of government fight

Bloomberg AT&T Inc.’s chief executive officer stepped down from the boards of Boeing Co. and Emerson Electric Co. to shield both companies from any fallout as he battles the US government to win approval for the takeover of Time Warner Inc., according to a person familiar with the matter. CEO Randall Stephenson, 57, thought it wise to sever ties with ...

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Google changes rules to purge news

Bloomberg Google moved to strip from its news search results publications that mask their country of origin or intentionally mislead readers, a further step to curb the spread of fake news that has plagued internet companies this year. To appear in Google News results, websites must meet broad criteria set out by the company, including accurately representing their owners or ...

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US Democrats threaten to allow medicare cuts to save Obamacare

Bloomberg House Democrats are threatening to allow automatic spending cuts triggered by the Republican tax bill to take effect next year unless Speaker Paul Ryan ends an attempt to cripple Obamacare. Under a 2010 law known as PAYGO, the $1.5 trillion reduction in government revenue caused by the Republican tax cut legislation would trigger years of across-the-board cuts to programmes ...

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Irish economy soars as Brexit looms

Bloomberg Ireland’s economy surged in the third quarter, boosted by rising exports and falling imports. Gross domestic product rose 10.5 percent from the year-earlier period, the country’s statistics office said in Dublin. Exports rose 8.7 percent, while imports dropped 13 percent. The economy grew 4.2 percent from the previous quarter. The figures suggest the nation’s economy is in resilient shape ...

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Tesla tells new taxi, Uber drivers not to use its superchargers

Bloomberg Professional drivers looking to buy a Tesla to shuttle paying customers around should consider this: After Friday, vehicles used for commercial purposes won’t be allowed to use the company’s Superchargers anymore, according to an updated policy. The change in rules applies to vehicles being deployed as taxis — including by drivers for Uber Technologies Inc. or Lyft Inc. — ...

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Johnson creates new Brexit intervention as May stays firm

Bloomberg UK Foreign Secretary Boris Johnson made a fresh intervention in the debate over Britain’s future relationship with the European Union, even as Prime Minister Theresa May said she won’t be derailed in her strategy. Johnson called for a “liberal Brexit” in an interview with the Sunday Times newspaper, as he said the advantages of leaving haven’t been properly outlined ...

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UN council mulls resolution to annul US Jerusalem move

UNITED NATIONS / Reuters The United Nations Security Council is considering a draft resolution that would insist any decisions on the status of Jerusalem have no legal effect and must be rescinded after US President Donald Trump recognised the city as Israel’s capital. The one-page Egyptian-drafted text, which was circulated to the 15-member cou-ncil and seen by Reuters, does not ...

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Austria’s Kurz ‘reassures’ Europe after coalition pact

Bloomberg Austria’s new right-wing government sought to dispel concerns over its future in Europe, pledging to remain an “integral part” of the European Union and the euro currency and ruling out a Brexit-like vote for the public. Chancellor-designate Sebastian Kurz, 31, of the conservative People’s Party, told journalists in Vienna that he’d like to “remove worries” abroad about the course ...

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