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Bloomberg China watchers are starting to put a price tag on what any collapse in the nation’s red-hot property market could cost banks. A drop of 30 percent in housing prices could cause 4 percent of total loans worth 4.1 trillion yuan ($615 billion) to sour, according to DBS Vickers Hong Kong Ltd. Commerzbank AG said such a drop could ...

  Tokyo / AFP A fifth of the Japanese workforce faces the risk of death from overwork, according to a new government survey into the country’s notoriously strenuous working culture. Hundreds of deaths related to overwork — from strokes, heart attacks and suicide — are reported every year in Japan, along with a host of serious health problems, sparking lawsuits ...

Londres / AFP British business leaders on Saturday urged the government to rule out a hard break with the European Union, saying the uncertainty over the terms of Brexit was impacting investment decisions. “What we would like is the ruling out of the really worst options,” Carolyn Fairbairn, the director general of CBI, Britain’s biggest business lobby group, told BBC ...

  Bloomberg An experimental Novartis AG treatment for a form of advanced breast cancer slashed the risks of death and the disease progressing in a study, paving way for the Swiss drugmaker to seek regulatory approval in the U.S. and Europe by the end of the year. Novartis expects to win the first approval for the drug, ribociclib, by the ...

  Bloomberg Brazil’s state-controlled oil company Petroleo Brasileiro SA is preparing to announce a domestic fuel policy that will avert costly subsidies that drained profits during Brazil’s previous government, Chief Executive Officer Pedro Parente said in an interview. Petrobras, which hasn’t adjusted gasoline and diesel prices for more than a year, will set prices at or above parity with international ...

Bloomberg Energy developers in Argentina won contracts to sell 1,109 megawatts of renewable electricity in a government-organized auction, after the nation implemented reforms aimed at promoting wider use of clean power. Wind-power companies including Envision and Pampa Energia agreed to provide 708 megawatts of capacity, Renewable Energy Undersecretary Sebastian Kind said at an event Friday in Buenos Aires. Solar developers ...

  Sharjah / Emirates Business Sharjah International Book Fair (SIBF) — an annual event organised by Sharjah Book Authority (SBA) — is a shining lodestone for Arab and global culture, successfully bringing together millions of book titles and tens of thousands of visitors, exhibitors and publishers under its umbrella. This year, celebrating its 35th anniversary, SIBF continues to expand its ...

  DUBAI / Emirates Business Business defence and cyber security specialists Applied Intelligence, part of the global technology and defence group BAE Systems, will host a forum dedicated to revealing the latest threats affecting the fin-tech sector, focusing upon corporate compliance and anti-money laundering (AML) strategies. Set to take place on October 10, the forum brings together local and global ...

  Emirates Business Leading quick service restaurant chain Marrybrown opened its eight outlet in BurJuman Mall. Hadi Al Abbas of Al Abbas Group was the chief guest at the inaugural ceremony which was held recently. Being Malaysia’s largest homegrown chain with over 400 outlets in Asia, Middle East and Africa, Marrybrown boasts an extensive menu with 100% HALAL food. The ...

  Chris Gale / Special to Emirates Business Encrypted traffic accounts for a large and growing percentage of all network traffic. While the adoption of SSL, and its successor, Transport Layer Security (TLS), should be cause for celebration – as encryption improves confidentiality and message integrity – it also puts organizations at risk. This is because hackers can leverage encryption ...