Fosun lets China users register for Covid vaccine in Hong Kong

Bloomberg BioNTech SE’s Chinese partner has started allowing mainland Chinese to register for its mRNA Covid-19 vaccine in Hong Kong ahead of a border reopening early next month that may spark a wave of visitors to the financial hub. Shanghai Fosun Pharmaceutical Group Co is letting people register for the shot through its app and online, with the company asking ...

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Honda Motor hybrids in China face recall

  Bloomberg Honda Motor Co will recall more than 200,000 cars made in China, citing issues with brake pedal sensors that could make it harder to stop. The Japanese carmaker will recall 105,608 hybrids made between October 2018 and September 2020 at its manufacturing venture with Dongfeng Motor Group Co, China’s State Administration for Market Regulation said in a statement. ...

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South Korea barely mentions China in new Indo-Pacific strategy

  Bloomberg South Korea put out its first strategy report for the Indo-Pacific region, which hardly mentions China and signals Seoul is seeking a cautious balance between its biggest trade partner Beijing and main military ally, the US. The 43-page document titled the “Strategy for a Free, Peaceful, and Prosperous Indo-Pacific Region,” issued a single paragraph about relations with China. ...

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Putin, Xi hail ties as Russia struggles with war in Ukraine

Bloomberg Vladimir Putin and Chinese President Xi Jinping hailed deepening ties between their countries in talks, despite signs of Beijing’s impatience over the wider political and economic impact of Russia’s struggling invasion of Ukraine. Russia-China ties are the “best in history” and their strategic partnership is a “stabilising factor” amid rising geopolitical tensions, the Russian president said in the video ...

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Biden signs $1.7trn funding bill with $47bn Ukraine aid

Bloomberg President Joe Biden signed a $1.7 trillion government funding bill that includes $47 billion in additional aid for Ukraine in a victory for Democrats who feared that Republicans who will have control of the House in January could force deeper spending cuts and block assistance to Kyiv. Biden, who is on St Croix in the US Virgin Islands, signed ...

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UK Labour has 26-point lead over Sunak’s Tories, says poll

  Bloomberg The UK Labour Party has a 26-point poll lead over Rishi Sunak’s ruling Conservatives, highlighting the task facing Britain’s new prime minister to restore his party’s fortunes. Support for Labour is at 45%, compared to 19% for the Tories, according to the survey of 1,169 adults conducted by People Polling for the broadcaster GB News. The polling company’s ...

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Myanmar’s Suu Kyi faces 33 years in jail

Bloomberg Myanmar’s deposed leader Aung San Suu Kyi has been sentenced to seven more years in prison after she was found guilty of five charges of corruption during her time in government, according to a person familiar with the matter. A special court inside the compound of Naypyidaw Prison ruled the 77-year-old failed to follow financial regulations in renting and ...

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Xi appoints US envoy Qin Gang as foreign minister

  Bloomberg China appointed its ambassador to the US, Qin Gang, as the new foreign minister, as the nation shows signs of moving back to a lower-key diplomatic strategy after a growing backlash against its confrontational style. The move was announced by China National Radio, which said the decision was made at a meeting of the National People’s Congress Standing ...

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Eritrean troops withdraw from Ethiopia’s Tigray region

  Bloomberg Eritrean soldiers are leaving major cities in Ethiopia’s Tigray region, the latest sign that a peace deal aimed at ending two years of conflict is holding. Over the past 48 hours the troops were seen withdrawing by truck from the Ethiopian city of Shire and the town of Adwa near the northern border with Eritrea, said people who ...

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Sunak’s tax rises to worsen UK’s cost of living squeeze

Bloomberg Britain’s cost-of-living squeeze will tighten in 2023, with families shouldering higher tax payments at a time when energy bills and interest rates also are soaring. The Resolution Foundation said the average household will pay £1,000 ($1,204) more in taxes next year and £900 more for electricity and natural gas. About 2 million mortgage holders will suffer an average increase ...

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