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  Bloomberg One of Hong Kong’s top foreign business groups warned the city still faces challenges in trying to revive its reputation as a global financial hub, even after it ditched almost all of its Covid curbs. In a sweeping overhaul of policies, residents and travellers alike will find their lives a bit easier. People coming into the city won’t ...

Bloomberg BioNTech SE’s Chinese partner has started allowing mainland Chinese to register for its mRNA Covid-19 vaccine in Hong Kong ahead of a border reopening early next month that may spark a wave of visitors to the financial hub. Shanghai Fosun Pharmaceutical Group Co is letting people register for the shot through its app and online, with the company asking ...

  Bloomberg South Korea put out its first strategy report for the Indo-Pacific region, which hardly mentions China and signals Seoul is seeking a cautious balance between its biggest trade partner Beijing and main military ally, the US. The 43-page document titled the “Strategy for a Free, Peaceful, and Prosperous Indo-Pacific Region,” issued a single paragraph about relations with China. ...

Bloomberg Vladimir Putin and Chinese President Xi Jinping hailed deepening ties between their countries in talks, despite signs of Beijing’s impatience over the wider political and economic impact of Russia’s struggling invasion of Ukraine. Russia-China ties are the “best in history” and their strategic partnership is a “stabilising factor” amid rising geopolitical tensions, the Russian president said in the video ...

Bloomberg Britain’s cost-of-living squeeze will tighten in 2023, with families shouldering higher tax payments at a time when energy bills and interest rates also are soaring. The Resolution Foundation said the average household will pay £1,000 ($1,204) more in taxes next year and £900 more for electricity and natural gas. About 2 million mortgage holders will suffer an average increase ...

  Bloomberg The European Commission has asked EU member states to review Covid testing and sequencing procedures and to consider scaling them back up amid increased concern about the virus spreading from China. “If a new variant of the SARS-CoV2 virus appears — be it in China or in the EU — we must detect it early in order to ...

Bloomberg Tesla Inc is expected to announce record quarterly deliveries in early January but that may not be enough to satisfy investors as the electric-vehicle leader grapples with inflation, rising interest rates, crimped production in China and concerns about softening demand. In an effort to clear inventory, Tesla offered a rare $7,500 discount to US customers who took delivery of ...

Dubai / WAM The MSC World Europa, a futuristic, lower-carbon-fuelled cruise ship, made its first call at Mina Rashid, after serving as a floating hotel during the 2022 FIFA World Cup. The vessel began its new winter season with a four-night sail from Doha to Dubai, reinforcing Mina Rashid and the emirate’s position as the region’s most preferred destination for ...

  Dubai / WAM Starting from January 1, 2023, private sector companies with 50 employees or more that have not raised Emiratisation targets by 2 percent of skilled jobs in 2022, will be fined, the Ministry of Human Resources and Emiratisation (MoHRE) said on Thursday. The fines are AED6,000 per month, a total of AED72,000 annually, for each Emirati who ...

  Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) on Thursday announced the launch of the region’s first tokenised, contactless payment methods through the options of clasp and ring “Adib Pay”, in partnership with token enablement service provider Tappy Technologies and global digital payments leader, Visa. Samih Awadhalla, Acting Global Head of Retail Banking at Adib, said, “Adib continues ...