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  Bloomberg The White House said there’s no reason Beijing should retaliate against the US and other nations that have imposed Covid restrictions on its travellers, saying the moves were justified on public health grounds as China experiences a surge in cases. “There’s no cause for retaliation here. Just because countries around the world are taking prudent health measures to ...

  Bloomberg Malaysia will tighten screening rules for all foreign arrivals, Prime Minister Anwar Ibrahim said, amid concerns about the rampant Covid outbreak in China. “We are going to tighten screening but we won’t discriminate against any country,” he said at a post-cabinet briefing on Wednesday. The government will prioritise peoples’ health over the economy, he said. Malaysia joins several ...

  Bloomberg Alibaba Group Holding Ltd led an advance in US-listed Chinese stocks in premarket trading, with Ant Group Co’s approved fundraising plan boosting optimism that China’s regulatory clampdown on its internet sector is easing. Alibaba, which owns a stake in Ant, rallied 6.7%. Its e-commerce peers JD.com Inc and Pinduoduo Inc both traded up more than 4.5%. Chinese stocks ...

  Bloomberg China is pausing massive investments aimed at building a chip industry to compete with the US, as a nationwide Covid resurgence strains the world’s No. 2 economy and Beijing’s finances. Top officials are discussing ways to move away from costly subsidies that have so far borne little fruit and encouraged both graft and American sanctions, people familiar with ...

Bloomberg Activity in India’s dominant services sector grew at its fastest pace in six months in December, buoyed by fresh business orders and signaling optimism about Asia’s third-largest economy. The S&P Global India Services Purchasing Managers Index rose to 58.5 last month from 56.4 in November 2022, data showed. Helped by a strong performance in the manufacturing sector, the composite ...

  Bloomberg Despite being the birthplace of the humble rice cooker, a decline in appetites for the grain and cost savings to be found elsewhere are prompting Panasonic Holdings Corp to end production in Japan. Instead, the Osaka-based manufacturer will transfer production to the eastern Chinese city of Hangzhou by June 2023, according to media reports. The move by Panasonic, ...

  Bloomberg Byju Raveendran, the founder of the world’s most valuable edtech startup Byju’s, is in financing talks to lift his stake in the company to as high as 40%, people familiar with the matter said. The former teacher is seeking funding to finance the stake repurchases — which could amount to as much as 15% of the firm — ...

  Bloomberg An Indian appeals court refused to grant immediate relief to Alphabet Inc’s Google over a $162 million antitrust fine for abusing the dominant position of its Android smartphone operating system in the country. The National Company Law Appellate Tribunal asked the US tech giant to deposit 10% of the penalty after admitting its appeal against the Competition Commission ...

  Bloomberg Chinese bureaucrats are discussing plans to resume some imports of Australian coal after a more than two-year ban as relations between the nations improve. The National Development and Reform Commission (NDRC) held talks on proposals to allow four major importers — China Baowu Steel Group Corp, China Datang Corp, China Huaneng Group Co and China Energy Investment Corp ...

Bloomberg Russia raised the death toll in a Ukrainian rocket attack on New Year’s Day, to 89, the largest such loss it’s yet acknowledged in the war, blaming soldiers’ mobile-phone use for exposing their location. But Russian military bloggers, who have often been sharply critical of the Defense Ministry’s handling of the war, accused commanders of negligence for stationing mobilised ...