Bloomberg Chinese technology stocks dropped for a third straight session amid fresh worries over Beijing’s regulatory plans for the sector. The Hang Seng Tech Index falls 1.9% on Tuesday to the lowest close since its inception in 2020. Alibaba Group Holding Ltd. was among the biggest losers following a Bloomberg report that authorities have begun another round of checks …

  Sharjah / WAM Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC) operator, has been named ‘Airline of the Year’ at the 2022 Air Transport Awards that took place in Athens, Greece with the participation of industry leaders. The winners of the Air Transport Awards were voted for by the readers of Air Transport …

  Bloomberg Australian utility AGL Energy Ltd rejected a multibillion-dollar takeover bid from Brookfield Asset Management Inc and technology billionaire Mike Cannon-Brookes, who plan to accelerate the closure of the company’s polluting coal-fired power plants. Brookfield and Cannon-Brookes’s investment firm Grok Ventures have a $14 billion transition plan to shift AGL to clean energy and “remains optimistic that an agreement …

  Bloomberg London property is back in vogue as a return to the office fuels demand for homes in the UK capital. That’s according to Rightmove Plc, which said in a report on Monday that buyer enquiries and asking prices both rose sharply this month. The jump represents a turnaround for the London property market, which underperformed other parts of …

  Bloomberg The prospect of Federal Reserve policy tightening and signs of thinner bond market liquidity are denting the case for Treasuries as a reliable haven just as amped up geopolitical tensions around Ukraine have investors on alert for potential refuge assets. That’s spurring some to look more closely at currency markets in particular for alternative ways to protect themselves …

  Bloomberg US equity futures rise and Asian stocks pared losses on Monday as traders evaluated the possibility of a summit on Ukraine between President Joe Biden and his Russian counterpart Vladimir Putin. Nasdaq 100, S&P 500 and European contracts erased falls to climb about 1%, while an Asia-Pacific equity index came off its lows but stayed in the red. …

  Bloomberg India has received proposals worth $20.5 billion from five companies to manufacture semiconductor fabs and display fabs locally, according to a government statement. Companies including Vedanta in joint venture with Foxconn, Singapore-based IGSS Ventures pte, and ISMC have proposed $13.6 billion investments for manufacturing the chips, which are used in a wide array of products ranging from 5G …

Bloomberg Ethiopia began generating electricity from its giant hydropower dam on a Nile River tributary, a project it sees as key to its economic development but that has stirred tensions with downstream neighbours. The Grand Ethiopian Renaissance Dam (GERD) can now start the first phase of generation, authorities said at a ceremony attended by Prime Minister Abiy Ahmed in Guba, …

  Bloomberg State-run miner Coal India Ltd warned production of the fuel may be hampered, risking new threats to the nation’s energy supply, if the company isn’t able to raise prices. The world’s largest coal producer is facing cost pressures from a looming rise in salaries and on higher prices of diesel used to power mine equipment. Some of the …

  Bloomberg The renewable energy arm of China Resources Power Holdings Co has picked banks including ABC International Holdings Ltd and China International Capital Corp for an initial public offering in Hong Kong, according to people familiar with the matter. The power generation company’s unit is also working with HSBC Holdings Plc and Morgan Stanley on a proposed first-time share …