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Violent protests erupt at iPhone factory in China

Bloomberg Hundreds of workers at Apple Inc.’s main iPhone-making plant in China clashed with security personnel, as tensions boiled over after almost a month under tough restrictions intended to quash a Covid outbreak. Workers at the Foxconn Technology Group plant streamed out of dormitories in the early hours of Wednesday, jostling and pushing past the white-clad guards they vastly outnumbered, ...

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Billionaire Adani’s firm weighs $1.8b fundraise

  Bloomberg Adani Enterprises Ltd., the flagship firm of Asia’s richest person, is considering issuing at least $1.8 billion in new shares, according to people familiar with the matter. Billionaire Gautam Adani’s conglomerate is working with advisers on the follow-on issue and could sell the shares as soon as next year, the people said, asking not to be identified as ...

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Singapore inflation slows

  Bloomberg Singapore’s core inflation gauge eased for the first time in eight months in October, giving policymakers reason to refrain from tightening monetary policy amid mounting risks to economic growth. Core inflation, which excludes private transport and accommodation and is closely watched by the central bank, rose 5.1% from a year ago, according to Singapore’s Ministry of Trade and ...

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