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Bloomberg A drop in South Korean exports to China and another weak figure for semiconductor shipments add to concerns over the strength of global trade amid the economic conflict between Washington and Beijing. Preliminary trade data for the first 20 days of November showed a 4.3 percent slip in exports to China, the first fall outside holiday-affected months since late ...

Bloomberg Sea Ltd., operator of Southeast Asia’s biggest gaming platform, reported a wider third-quarter loss on rising investments at e-commerce unit Shopee. Net loss increased to $218 million in the three months ended on September 30 from $132.8 million a year earlier, the company said. Total revenue rose to $204.9 million from $94.1 million. Sea has been struggling to keep ...

Bloomberg China’s plan to judge each of its 1.3 billion people based on their social behaviour is moving a step closer to reality, with Beijing set to adopt a lifelong points program by 2021 that assigns personalised ratings for each resident. The capital city will pool data from several departments to reward and punish some 22 million citizens based on ...

Bloomberg Three years ago, artificial intelligence company DeepMind embarked on a landmark effort to transform health care in the UK. Now plans by owner Alphabet Inc to wrap the partnership into its Google search engine business are tripping alarm bells about privacy. Data protection advocates cried foul when the company reversed course on a pledge to keep DeepMind Health, which ...

Bloomberg PG&E Corp rose after a California lawmaker requested a bill to help the state’s largest utility absorb liabilities from this year’s fatal wildfires. Kellie Smith, an adviser to assemblyman Chris Holden, said she is drafting legislation that could be introduced as early as December 3. It may serve as a framework for lawmakers to consider relief for PG&E from ...

Bloomberg European Union negotiators approved the first bloc-wide rules to prevent foreign investments from threatening national security in a sign of growing political unease over Chinese acquisitions. Representatives of EU governments and the European Parliament agreed on draft legislation to screen foreign direct investments (FDI). The deal in Brussels ends 14 months of deliberations over an initiative that for years ...

Bloomberg Shares of Boston Scientific Corp fell the most in more than three years, after the medical device company said it would buy BTG Plc for 3.3 billion pounds ($4.2 billion). While the deal will give Boston Scientific new products for the treatment of cancer and other disorders, it will add to the US company’s debt. It also likely takes ...

Bloomberg After months of setbacks, Mexico is now on the cusp of rolling out an automatic tax payment system that forms a key part of its effort to crack down on evasion. And the government scored a marquee name — Uber Technologies Inc — to be its first participant, according to a person familiar with the negotiations. For Mexico, it’s ...

Bloomberg SpaceX slashed the size of the leveraged loan it sought by $500 million, according to people with knowledge of the matter, the latest twist in a saga that had already seen Elon Musk’s closest ally on Wall Street balk at the terms of the deal. Space Exploration Technologies Corp reduced the loan to $250 million despite having enough investors ...

Amman / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and King Abdullah II of Jordan, on Tuesday attended the signing of a $100 million agreement to finance micro, small and medium-sized enterprises (SMEs) in the Hashemite Kingdom. The agreement, signed at Al Husseiniya Palace ...