Bloomberg Burkina Faso protest movements vowed to maintain their demands for President Roch Marc Christian Kabore to step down after police fired teargas to disperse a rally on Saturday. Protesters gathered near the Place de la Nation in the centre of the capital, Ouagadougou, to call for Kabore’s departure, and for French troops to leave the country. France has about ...

Bloomberg Euro-area business activity unexpectedly quickened, though the region’s recovery faces headwinds from a fresh wave of Covid-19 infections and “record inflationary pressures.” IHS Markit’s composite Purchasing Managers’ Index rises to 55.8 in November from 54.2 in October, according to a survey of purchasing managers by IHS Markit published. While that defies the median estimate in a survey of analysts ...

Bloomberg California’s ports of Los Angeles and Long Beach delayed charging fines on containers that sit on the docks for too long for a second time this month, arguing the threat alone is helping clear lingering boxes from space-constrained terminals. The plan to charge carriers at least $100 daily for each container waiting nine days or more for trucks to ...

Bloomberg Poland will temporarily cut taxes on household energy bills in a bid to help the central bank stem surging inflation that has become a major concern for the nationalist ruling party’s electorate. The government rolled out a 10-billion-zloty ($2.4 billion) plan to lower the value-added tax on electricity and gas for three months from January. It will also reduce ...

Bloomberg The UK’s booming property market is headed for a slowdown as a squeeze on living standards and rising interest rates sap demand, according to Nationwide Building Society. The average price of a home rises 0.7% in October, the mortgage lender said, even after the ending of a temporary tax cut imposed by the government last year. Economists had expected ...

Bloomberg Quebec’s economic recovery has opened room for the government to dole out cash to dull the bite of inflation, help train workers for sought-after jobs and shore up the Canadian province’s bottom line. In a budget update in Quebec City, the government said it expects a deficit of $5.4 billion in current fiscal year, nearly half its March estimate. ...

Bloomberg Argentina’s tech sector is a bright spot that’s adding jobs even as many companies shut down in a hostile environment of anti-business policies, high inflation and lack of access to international credit markets. Tech is the only major private industry that’s gained new employers since a three-year recession began in 2018, according to data from tax agency AFIP. Manufacturing, ...

Bloomberg Samsung Electronics Co has decided to build an advanced US chip plant in Texas, a win for the Biden administration as it prioritises supply chain security and greater semiconductor capacity on American soil. South Korea’s largest company has decided on the city of Taylor, roughly 30 miles from its existing giant manufacturing hub in Austin, a person familiar with ...

Bloomberg Xiaomi Corp. recorded its slowest pace of quarterly sales growth since early 2020 after supply chain mayhem choked off the flow of vital components and rivals like Apple Inc eroded its market share. Shares in China’s largest smartphone maker slid more than 5% in Hong Kong to their lowest since September 2020, reflecting lingering concern about a global chip ...

Bloomberg The self-driving company founded by Russian technology giant Yandex NV said its new generation of vehicles will rely on sensors developed in-house to better see the road in the country’s often harsh driving conditions. A software-defined lidar system capable of seeing 500 meters (547 yards) away and operating in frigid weather will be the main sensor on new cars ...