November, 2022

• 30 November

  Covid cases spike in Thailand amid tourism recovery gains

    Bloomberg Thailand reported a surge in serious Covid-19 infections and deaths, just as the Southeast Asian nation is seeing a rebound in foreign tourist arrivals that’s likely to gain further momentum into the holiday season. An average of 702 Covid patients were hospitalised a day, which was almost double the number from the start of the month, the Health ...

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• 29 November

  Korea orders cement truckers to work, citing economy risk

  

  Bloomberg South Korea ordered striking cement truck drivers back to work in a dramatic step it said was necessary because of the threat to the nation’s economy. The government issued the order during a cabinet meeting led by President Yoon Suk-yeol, and warned that violators will face legal action. This is the first time such a decree has been put ...

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• 29 November

  Toyota global output slows from record as challenges persist

  

  Bloomberg Toyota Motor Corp produced 771,382 vehicles in October, down from a record of 887,733 the previous month, and warned of an uncertain outlook due to Covid and semiconductor shortages. Output was up 23% from October 2021, when supply chains were disrupted by the spread of Covid in Southeast Asia, Toyota said in a statement. The world’s biggest automaker is ...

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• 29 November

  Vitamins are resilient to Asia downturn: Blackmores CEO

    Bloomberg Asian markets including China continue to show growing demand for high quality dietary supplements despite Covid-related disruptions and the general economic downturn, according to Australian vitamin manufacturer Blackmores Ltd. The company expects spending on vitamins and supplements to remain resilient to economic slowdowns, CEO Alastair Symington said in an interview with Bloomberg Television.

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• 29 November

  Fosun mulls sale of India’s $3.6 billion Gland Pharma

  

    Bloomberg Billionaire Guo Guangchang’s Shanghai Fosun Pharmaceutical Group Co is considering a sale of Indian drugmaker Gland Pharma Ltd after receiving interest from potential buyers, people familiar with the matter said. Fosun Pharma, a listed arm of Chinese conglomerate Fosun International Ltd, has been working with an adviser as it informally gauges interest in its controlling stake in Gland, ...

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• 29 November

  Taiwan cuts its 2022 GDP forecast again

    Bloomberg Taiwan cut its 2022 growth forecast for the third time this year as the global demand slowdown and rising geopolitical tensions with China prove tough to navigate. Gross domestic product is likely to grow 3.06% for the year, the cabinet’s statistics department said. That’s lower than the last formal estimate of 3.76% given in August. The official 2023 ...

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• 29 November

  China pushes elderly vaccination as reopening pressure grows

  

  Bloomberg China said it would bolster vaccination among its senior citizens, a move regarded by health experts as crucial to reopening an economy stuck in an endless loop of harsh Covid Zero curbs. But it stopped short of announcing mandates that helped raise inoculation rates in other countries. Instead, officials vowed to push shots harder in places like nursing centres, ...

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• 29 November

  Ukraine’s pleas to join Nato grow, 14 years following compromise

  

  Bloomberg Ukraine’s Nato partners are set to discuss more air-defense systems for the fight against Russia this week, but there won’t be any meaningful progress on a 14-year-old pledge to let Kyiv join their alliance. Nato foreign ministers started holding two days of talks from Tuesday in Bucharest, the site of a 2008 summit at which Ukraine and Georgia were ...

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• 29 November

  Sweden, Finland must do more for Nato bid: Turkey

  

  Bloomberg Sweden and Finland have made progress towards winning Ankara’s approval for them to join Nato but they have to go further, Turkish Foreign Minister Mevlut Cavusoglu said. “There are still some issues, they made some progress and some steps were taken but at this moment it’s not sufficient enough,” Cavusoglu told Bloomberg before meeting his Swedish and Finnish counterparts ...

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• 29 November

  Taliban offshoot ends Pakistan truce, orders attacks

  

    Bloomberg Pakistan’s junior foreign minister is in Kabul for talks with the Taliban regime a day after a local offshoot of the extremist group ended a ceasefire with the government in Islamabad and announced a resumption of attacks across the nation. Hina Rabbani Khar will hold talks with the Afghan government on multiple issues, including security, according to a ...

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