Bloomberg China’s efforts to tackle air pollution are getting a reality check, with some regions told to revert to burning coal after shortages of natural gas left people without heating amid freezing winter temperatures. Officials in China’s frigid northern provinces were ordered to prioritise keeping citizens warm and areas that hadn’t yet converted fully to gas were permitted to burn …

Bloomberg China Telecommunications Corp. is studying an investment in the Philippines after President Rodrigo Duterte invited China to enter the Southeast Asian country and challenge local phone carriers PLDT Inc. and Globe Telecom Inc. The Chinese government, which controls its phone carriers, picked China Telecom to be the one entering the Philippines, Communications Secretary Martin Andanar said, citing information from …

Bloomberg Donut King owner Retail Food Group Ltd. slumped by the most on record on Monday amid reports the company squeezed franchisees with high fees and offered limited management support. Shares in the company fell as much as 27 percent in Sydney trading, the steepest drop since listing in 2006, and wiping as much as $163 million off its market …