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Bloomberg Euro-zone factory activity rose to a three-month high last month, though job losses continued as the sector remained stuck in a slump. The Purchasing Managers’ Index for the 19-nation euro region rose slightly to 46.9 in November as confidence improved and a drop in new orders slowed. The reading was up from a preliminary 46.6 but still below the ...

Bloomberg Twitter Inc Chief Executive Officer Jack Dorsey returned from a trip touring African startups ready to go back. He said in a Twitter post recently that he’ll spend three to six months somewhere on the continent next year. Dorsey had spent much of November meeting with startups and people in the tech industry in South Africa, Ethiopia, Nigeria and ...

Bloomberg Chinese students far out-stripped peers in every other country in a survey of reading, math and science ability, underscoring a reserve of future economic strength and the struggle of advanced economies to keep up. The Organisation for Economic Co-operation and Development (OECD)’s triennial study of 15 year-old students across the world found that the four Chinese provinces tested — ...

Bloomberg China raised its 2025 sales target for electrified cars as the government tries to spur an industry that’s showing signs of slowing down. The country wants about 25% of new cars sold by 2025 to be electrified, according to a draft policy published by the ministry of industry and information technology. Its last roadmap on the industry announced in ...

Bloomberg Chinese state media said the government will soon publish a list of “unreliable entities” that could lead to sanctions against US companies, signalling trade talks between the two nations are increasingly under threat from disputes over human rights in Hong Kong and Xinjiang. The Communist Party-backed Global Times said in a tweet that the list was being sped up ...

Bloomberg A California college student has sued TikTok, the viral video service run by social media giant ByteDance Inc, for secretly funnelling her personal information to China while using her videos to create an online profile for targeted ads. The lawsuit, filed in the Northern District of California by full-time university student Misty Hong, alleges TikTok harvested her videos, gathered ...

Bloomberg Nissan Motor Co’s new chief executive officer said he is looking at what works and what doesn’t in the alliance with Renault SA and Mitsubishi Motors Corp, stressing that the partnership needs to benefit all parties. Makoto Uchida, appointed after a year of turmoil following the arrest of Carlos Ghosn, said in his first media conference that changes are ...

Bloomberg Singapore’s economy may be facing headwinds and inflation’s muted but companies in the Southeast Asian city-state are set to step up salary increases next year in a bid to retain staff, according to a survey. The overall increase projected for 2020 is 3.7%, up from a 3.6% rise this year, according to Mercer LLC, which conducted the survey across ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and HRH Prince Mohammed bin Salman bin Abdul Aziz, Saudi Arabia’s Crown Prince, Deputy Prime Minister and Minister of Defence, have presided over the second meeting of the Saudi-Emirati Coordination Council in Abu Dhabi ...

NEW YORK / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has reiterated the UAE’s support for the aspirations of the Palestinian people to self-determination, highlighting the country’s regional and international efforts to ease their suffering. He made this statement as part of a solidarity message directed to Ambassador Cheikh Niang, Chair of the United Nations, UN, Committee ...