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  Bloomberg The long-awaited policy rescue for Chinese developers finally landed this month to ease a severe liquidity crunch. The hurdle of collapsing home demand may prove just as steep a challenge. Assets linked to the nation’s fragile real-estate sector have rallied over the past two weeks after regulators introduced directives that addressed everything from companies’ liquidity problems to the ...

Bloomberg North Korea test-fired a suspected intercontinental ballistic missile with an estimated range long enough to carry a warhead to the American mainland, prompting the US to condemn what it said was an unlawful action. The North Korean missile was launched Friday, a day after Pyongyang warned the US to halt allied military drills in the region or face retribution. ...

Bloomberg Chinese President Xi Jinping and Japanese Prime Minister Fumio Kishida asserted their desire to improve relations and agreed to reopen lines of communication in the first meeting of the leaders of Asia’s two largest economies in three years. Xi expressed a willingness to work with Japan to maintain a stable relationship at their summit Thursday on the sidelines of ...

  ABU DHABI / WAM On behalf of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, will inaugurate the fourth ordinary session of the 17th legislative chapter of the Federal National Council (FNC) on Monday. President His Highness Sheikh ...

  Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Abu Dhabi Investment Office (ADIO) signed a memorandum of understanding (MoU) to promote cooperation in attracting foreign investments and capacity building. Both entities agreed to strengthen the UAE’s profile as an ideal destination for trade and investment, principally by enhancing the efforts of UAE ...

ABU DHABI / WAM The Sheikh Zayed Festival will begin on Friday and welcome visitors from all over the world with a line-up of cultural entertaining events and attractions including breathtaking drone shows and fireworks displays in celebration of the first day. The festival will run until March 18, 2023 at Al Wathba in Abu Dhabi. The Higher Organising Committee ...

  Abu Dhabi / WAM As visitors begin flying for the winter break and the many spectacular events taking place in Abu Dhabi, Etihad Airways looks forward to welcoming over 1.5 million travellers at Abu Dhabi International Airport. Shaeb Al Najjar, General Manager Hub Operations, Etihad Airways, said, “There has never been a better time to experience Abu Dhabi, with ...

Bloomberg Chinese President Xi Jinping said the Asia-Pacific was “no one’s backyard” in written remarks to an economic summit in Thailand, in which he pitched his vision for greater regional cooperation on development and security. Xi’s speech was released to a gathering of business executives shortly after he arrived for the Asia-Pacific Economic Cooperation meetings in Bangkok. The gathering came ...

  Bloomberg Indonesia, home to a quarter of the world’s nickel reserves, is proposing the creation of an organization similar to Opec for the metal used in battery-making to coordinate supply. Investment Minister Bahlil Lahadalia expressed the idea of creating an “Opec-like” cartel in a meeting with Canada’s International Trade Minister Mary Ng on the sidelines of the Group of ...

  Bloomberg Alibaba Group Holding Ltd. reported a surprise loss after quarterly revenue barely grew, as China’s rigid Covid controls continue to sap consumer sentiment. Revenue rose a slightly less-than-expected 3% to 207.2 billion yuan ($29 billion) in the September quarter, versus the 209 billion yuan average projection. It reported a net loss of 20.6 billion yuan versus estimates for ...