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Phone giant Xiaomi jumps to two-year high after profit beat

Bloomberg Xiaomi Corp’s shares leapt 11.4% after inroads into the Chinese market for high-end smartphones and strong growth overseas helped the company report better-than-expected profit. The stock climbed its most in two years in Hong Kong, taking its 2020 gains to 98% last week. The Chinese smartphone maker more than doubled net income to 4.49 billion yuan ($716 million) in ...

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Malaysia extends measures to curb virus

Bloomberg Malaysia has decided to extend measures aimed at curbing the spread of coronavirus infections until the end of the year. The government continues to require the use of face masks in public spaces while places where social distancing is difficult to uphold, including theme parks, will remain shut, Prime Minister Muhyiddin Yassin said in a televised speech. Foreign tourists ...

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Singapore’s local hire push threatens coveted expat jobs

Bloomberg Singapore has long been the city of choice for Western expats wanting an easy entrée into Asia. Clean, efficient, with low tax rates, it’s often seen as rivaling Hong Kong, especially with that city hit by street protests and unrest over China’s new national security law. Yet just when Singapore should be a magnet for global talent, some recruiters ...

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