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  Bloomberg Shanghai eased some of its Covid restrictions, joining other top-tier Chinese cities as authorities expand a shift towards reopening the economy after thousands of demonstrators took to the streets last weekend to voice their anger at China’s Covid policies. The financial hub will scrap PCR testing requirements to enter outdoor public venues such as parks as well as ...

Bloomberg South Korean President Yoon Suk-yeol asked his cabinet to be ready to issue an “imminent” return-to-work order on striking truck drivers in the oil and steel industries amid growing disruptions in the transporting of key materials in the global supply chain. The government should seek “every measure” to minimise inconveniences on companies and the public, Yoon said during his ...

Bloomberg GoTo Group’s post-IPO stock selloff makes it the worst performer among 11 tech and internet companies that raised more than $500 million in inaugural share sales this year. Shares of the Indonesian startup provider of food delivery services to fintech solutions are falling for a 10th straight session, taking losses since listing to 61%. The recent slide was triggered ...

  Bloomberg A Vietnamese internet startup that’s successfully defended its home market of 100 million people against global giants like Facebook is now going into attack mode. VNG Corp, Vietnam’s answer to Tencent Holdings Ltd with games, messaging, videos and music among its services, is accelerating its international expansion, co-founder Le Hong Minh said in an interview at its headquarters ...

Bloomberg Secretary of Defense Lloyd Austin said the US is building a more lethal force posture in the Indo-Pacific as part of efforts to make sure China doesn’t dominate the region the way it intends to. China is “the only country with both the will and, increasingly, the power to reshape its region and the international order to suit its ...

YAOUNDÉ, Cameroon / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has stated that the UAE is one of the most significant investors in Africa, especially in sectors that will have great future worldwide over the next twenty years, such as infrastructure, food security, renewable energies, communications and other prospective sectors. In an interview with ...

  Dubai / WAM Moro Hub, a subsidiary of Digital Dewa, the digital arm of Dubai Electricity and Water Authority (PJSC), inked a definitive agreement with Saimos (Situational Awareness, Infrastructure Management & Operations Security), a leader in Geographic Information Systems (GIS), AI-based Video Analytics as well as custom developments targeting Security, Safety and Critical Infrastructure. The partnership complements Moro Hub’s ...

  Abu Dhabi / WAM Abdullah bin Touq Al Marri, Minister of Economy, led the UAE delegation to the meetings of the 38th Ministerial Session of the Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation (Comcec), held in Istanbul at the level of ministers and high-ranking officials. “The UAE, under the leadership of President His ...

  Bloomberg Energy grid companies in the UK will have £22.2 billion ($26.6 billion) to spend on beefing up local networks as the nation’s green shift requires increasing electrification. While a huge sum, it’s 12% less than the six main network companies had proposed. The budget will cover everything from service and maintenance to upgrades on 14 local grids for ...

Bloomberg India’s economy probably expanded at a slower pace last quarter as price pressures, rising interest rates and sluggish trade tempered demand in Asia’s third largest economy. Gross domestic product is estimated to have risen 6.2% in the three months to September from a year ago, according to a Bloomberg survey of economists, cooling from a 13.51% growth reported in ...