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Typhoon hits Philippines, disrupts Christmas travel

Bloomberg An intensifying storm struck the Philippines on Christmas Eve, disrupting holiday travel plans in Asia’s largest Catholic nation. Typhoon Phanfone, called Ursula locally and upgraded from a tropical storm, hit the central Philippines on Tuesday, stranding thousands of travelers and prompting authorities to advise residents in flood- and landslide-prone areas to leave their homes. Phanfone made landfall in Eastern ...

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Asia’s richest man added $17 billion to his fortune this year

Bloomberg It’s been a good year for Asia’s richest man, Mukesh Ambani. The Indian tycoon added almost $17 billion to his wealth as of December 23, the most in Asia, taking his net worth to about $61 billion, according to the Bloomberg Billionaires Index. In comparison, Alibaba Group founder Jack Ma’s net worth grew $11.3 billion, while Jeff Bezos lost ...

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HK residents eye homes overseas amid protests

Bloomberg Residents of Hong Kong are hunting for homes all over the world as tense anti-government protests look set to drag into the new year. Real estate brokers from Australia to Canada have seen a surge in interest over the past few weeks, with the desire to secure a safer future prompting many to look beyond the Asian financial hub. ...

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