Bloomberg Meituan has shed more than $60 billion of its market value over two frenetic trading sessions, after Beijing unveiled sweeping reforms against private-sector companies that darkened the outlook for the world’s No 2 economy. China’s top food delivery company slid a record 18% on Tuesday in Hong Kong, on top of a 14% plummet the previous day. Spreads on …

Bloomberg ESG asset managers are accelerating their use of new climate-investing benchmarks created by European authorities, in a development that’s set to make it harder to get away with greenwashing. While only about $1.2 billion is now tied to gauges that meet European Commission requirements — a tiny fraction of the $35 trillion of ESG assets worldwide — inflows have …

DUBAI / WAM The distribution of food parcels has been completed in Egypt, providing an equivalent of 30 million meals to low-income families and underprivileged “100 Million Meals” campaign. In partnership with the Food Banking Regional Network, 928 local humanitarian organisations and Egypt Food Bank, around 504,000 beneficiaries across Egypt received parcels of easy-to-store food items including flour, sugar, rice …