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Bloomberg Hong Kong’s hottest initial public offerings have produced the worst returns for investors this year, while the least popular deals have fared far better. Ping An Healthcare and Technology Co., in which retail investors placed orders for 654 times the shares initially available, has tumbled 37 percent since it started trading in May. Biotechnology firm Ascletis Pharma Inc., whose ...

Bloomberg Proponents of a tax on the European revenue of tech giants are preparing a last-ditch push for a deal this week, amid continuing resistance to a levy that divides the region’s governments and threatens to fragment its single market. European Union envoys in Brussels will discuss the latest compromise proposal on Wednesday, said a person familiar with the matter. ...

Bloomberg Dometic AB’s chief executive officer is readying a new strategic direction and will unveil a cost-savings package for the Swedish maker of cooling and ventilation products for vehicles and boats. With the measures, which include shifting manufacturing and seeking out new customers groups, Juan Vargues is trying to get investors to look beyond a recent slump in the market ...

Bloomberg Canadian inflation accelerated slightly in October on the back of higher costs for cars, but underlying price pressures remained around the central bank’s target. The consumer price index recorded a faster-than-expected annual pace of 2.4 percent during the month, up from 2.2 percent in September, Statistics Canada reported from Ottawa. Core measures of inflation — seen as a better ...

Bloomberg German business sentiment soured further as signs of cooling foreign demand and rising trade tensions continued to drag on growth after a summer economic contraction. The Ifo institute’s gauge of corporate confidence in Europe’s largest economy fell to 102 in November from 102.8 in October. That’s the third straight decline and is likely to add to concerns among some ...

Bloomberg The end may be in sight for the euro’s worst run since 2015. The common currency will probably bottom out against the dollar in early next year, and rise from there as the US economic outperformance runs out of steam, undermining support for the greenback, according JPMorgan Chase & Co. It may hit a low of $1.11 in the ...

Bloomberg American farmers’ livelihoods are at risk from climate change as Midwestern grain yields are poised to tumble amid increasing temperatures and more extreme flooding and droughts, according to a new report. Rising heat, drought, wildfires and heavy downpours are expected to increasingly disrupt agricultural productivity in the US, according to a National Climate Assessment report. While some northern regions ...

Abu Dhabi / WAM The UAE’s emphasis on ensuring stability in the Middle East and North Africa (Mena), region is “very important: and “really needed”, according to Patrizio Fondi, EU Ambassador to the UAE, who also praised the country’s tolerance endeavours, saying diversity of people and cultures at Dubai Mall depicts the bigger picture of the UAE’s tolerance model. “UAE’s ...

Dubai / WAM The Minister of Culture and Knowledge Development, President of Zayed University, Noura bint Mohammed Al Kaabi, said that the Spirit of the Union will continue to empower the UAE’s citizens, who have contributed greatly to the process of sustainable national development. During the 47th National Day celebrations, held at the Zayed University Dubai Campus, Al Kaabi said ...

ABU DHABI / WAM The Minister of Foreign Affairs and International Cooperation, His Highness Sheikh Abdullah bin Zayed Al Nahyan inaugurated the ‘Sheikh Zayed and Europe: a Journey’ exhibition at The Founder’s Memorial in Abu Dhabi. Organised by the European Union Delegation to the UAE and the Austrian and Bulgarian Presidencies of the Council of the EU for the year ...