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Bloomberg Kuaishou Technology’s eye-popping debut in Hong Kong following a mega $5.4 billion initial public offering has sent a strong signal to other listing candidates waiting in the wings — that this is a great time to go public. The operator of China’s most popular short-video service after ByteDance Ltd’s Douyin saw its shares almost triple on their debut, boosting ...

Bloomberg Thailand’s government is ready to take more fiscal steps if economic growth falls below its base-case forecast, driven by the latest Covid-19 outbreak or delays in vaccinating the public, a Finance Ministry official said. “The government is ready to do more if needed, and we still have fiscal space left,” Kulaya Tantitemit, acting director general of the Fiscal Policy ...

Bloomberg SF Holding Co, one of the largest Chinese package-delivery services, is exploring a potential investment in tycoon Robert Kuok’s listed logistics business, people with knowledge of the matter said. The Chinese courier is in talks to acquire roughly a 20% stake in Kerry Logistics Network Ltd, according to the people, who asked not to be identified because the information ...

Bloomberg Myanmar saw its biggest protests in more than a decade on Sunday as tens of thousands of demonstrators took to the streets in several cities calling for the release of detained civilian leader Aung San Suu Kyi. In Yangon, tens of thousands of demonstrators gathered in an area of the city’s downtown known as the staging grounds for prior ...

Dubai / WAM The grand economic vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has led to the creation of thriving technology hubs like Dubai Internet City that have transformed the industry in the region and made Dubai a major global innovation and start-up hotspot, said ...

Abu Dhabi / WAM The UAE’s decisive and swift handling of the Covid-19 crisis, has shown the efficiency of the measures taken since the outbreak of pandemic. Administering more than four million Covid-19 vaccine doses and conducting over 26 million tests is yet another proof that the UAE is confidently striding towards recovery, thanks to the vision of our wise ...

Abu Dhabi / Emirates Business As the world assess the impact of Covid-19 pandemic, few things are becoming increasingly clear. One – in the short run (till we have herd immunity or effective vaccine available for all) we have to learn to live with the virus by maintaining the social distancing and be careful in our movements. Second – some ...

Bloomberg A former Royal Dutch Shell Plc natural gas trader in Houston pleaded guilty to a criminal charge related to his role in an illegal scheme that started in 2013 in which he sought to profit by using non-public information obtained from the company. Marcus Schultz disclosed the information to other traders and brokers in a conspiracy to profit from ...

Bloomberg The US and China’s top diplomats sparred on democracy and human rights in a phone conversation which was the highest level of communications between the two countries since the Biden administration began. Secretary of State Antony Blinken “stressed” to Yang Jiechi, who sits on the Communist Party’s 25-member Politburo, that the US will keep standing up for human rights ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has said that the “National Environment Day” marked for the twenty-fourth year in a row is an important occasion in which the country renews commitment to preserve the environmental resources and natural wealth. In a speech marking the 24th National Environment Day, Sheikh Khalifa said, “We celebrate ...