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Bloomberg China’s economic activity weakened in November before the government abruptly dropped its Covid Zero policy, with a surge in infections in coming months likely to cause more turmoil and push policymakers to increase stimulus. Key data showed business and consumer activity slumped to their weakest levels since the Shanghai lockdown in the spring. Retail sales and home sales declined, ...

  Bloomberg Sotheby’s will open a property that will house its auctions and exhibitions in Hong Kong and move its headquarters in the city to cater to growth in Greater China following record sales. Located at Landmark Chater in the Central district, the 24,000 square foot (2,230 square meter) space will open in 2024, Sotheby’s said. The two-storey house will ...

  Bloomberg India’s ballooning trade deficit with China is a big worry made worse by the rupee’s relatively strong performance in the region and slowing global demand for local exports, said Madhavi Arora, a lead economist at Emkay Global Financial Services Ltd. China accounts for nearly 40% of India’s total trade deficit, and with developed countries discussing the possibility of ...

  Bloomberg Vietnam has landed a $15.5 billion partnership with funders led by the European Union and the UK to help finance its transition away from coal. The Southeast Asian nation will receive half of the allotted package of grants and loans from country donors, with the other 50% coming from a group of investors known as Glasgow Financial Alliance ...

Bloomberg India is expected to see a steady flow of small-to-mid-sized deals next year as investors grow wary about large listings after the disastrous performance of some major technology initial public offerings. Several of the country’s major startups shed billions of dollars in value since their listing as concerns over high valuations and rising interest rates globally dented demand for ...

  Bloomberg Real estate investment trusts (REITs) in Singapore will remain attractive to investors amid market volatility, according to DBS Group Holdings Ltd. REITs “offer resiliency given their attractive and growing distribution yields” as investors are turning defensive, Eng-Kwok Seat Moey, group head of capital markets at DBS, said. Interest rates have climbed globally, pressuring returns for some investments. While ...

Bloomberg Russia has enough firepower for only three or four more missile barrages of the kind that have devastated Ukraine’s energy infrastructure, Kyiv’s top defense official said. “We understand how much they’ve expended so far — we understand that they don’t have so many,” Oleksiy Danilov, secretary of the National Security and Defense Council, said in an interview. As the ...

Bloomberg Poland and Lithuania are blocking the European Union’s ninth package of sanctions against Russia, a government minister said ahead of a meeting of the bloc’s leaders. Lithuanian Foreign Minister Gabrielius Landsbergis told reporters in Vilnius that a proposed weakening on food security potentially opens a loophole and the possibility for sanctioned Russian oligarchs to increase their wealth. “We cannot ...

Bloomberg Nurses began a round of historic strikes across much of Britain, with protesters on picket lines saying they’re struggling to afford basic living costs such as food and accommodation. The Royal College of Nursing (RCN) has said that as many as 100,000 staff were expected to take part in the strike across England, Wales and Northern Ireland in protest ...

  Bloomberg Poland’s plan to access frozen EU aid hit a snag after hardliners in the ruling coalition rejected a deal to roll back judicial changes and the president set conditions for his ratification of legislation. The proposal negotiated by the government with the European Commission would undo many contested judicial changes the government has introduced during its seven-year rule. ...