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Hainan Airlines plans to raise US$7.9 billion via a stock sale to slash debt

The stock issue is the latest step in China’s efforts to unravel HNA’s US$309 billion of debt after the group’s rapid borrowing-fueled expansion.

The stock issue is the latest step in China’s efforts to unravel HNA’s US$309 billion of debt after the group’s rapid borrowing-fueled expansion.

Hainan Airlines plans to raise US$7.9 billion via a stock sale to slash debt
1 hour ago
UK orders Facebook to unwind 2020 Giphy deal as antitrust regulators seek to limit scale of Big Tech

The Competition and Markets Authority on Tuesday ordered Facebook to sell Giphy, the animated file search engine it bought in 2020, the first time a major global regulator has weighed in against Silicon Valley.

The Competition and Markets Authority on Tuesday ordered Facebook to sell Giphy, the animated file search engine it bought in 2020, the first time a major global regulator has weighed in against Silicon Valley.

UK orders Facebook to unwind 2020 Giphy deal as antitrust regulators seek to limit scale of Big Tech
2 hours ago
Malaysia’s Merdeka 118, soon to be world’s second tallest building, is 85 per cent finished with the completion of tower spire

Malaysia’s Merdeka 118 will be 678.9 metes tall when finished, will house the first Park Hyatt Hotel in Malaysia and have the highest observation deck in Southeast Asia.

Malaysia’s Merdeka 118 will be 678.9 metes tall when finished, will house the first Park Hyatt Hotel in Malaysia and have the highest observation deck in Southeast Asia.

Malaysia’s Merdeka 118, soon to be world’s second tallest building, is 85 per cent finished with the completion of tower spire
3 hours ago
China’s zero-Covid stand vindicated as Omicron shuts borders around the world

Omicron is ‘booster shot’ for zero-tolerance policy, observer says, as countries race to impose border and travel curbs to keep out new coronavirus variant.

Omicron is ‘booster shot’ for zero-tolerance policy, observer says, as countries race to impose border and travel curbs to keep out new coronavirus variant.

China’s zero-Covid stand vindicated as Omicron shuts borders around the world
4 hours ago
China’s diesel exports set to climb after averting supply crisis, domestic stock ‘to build over winter’

China’s top processors started boosting production in September under government coordination as demand surged following a broader energy crunch, but refiners now have a surplus of diesel that can be shipped to international markets.

China’s top processors started boosting production in September under government coordination as demand surged following a broader energy crunch, but refiners now have a surplus of diesel that can be shipped to international markets.

China’s diesel exports set to climb after averting supply crisis, domestic stock ‘to build over winter’
1 Dec 2021 - 10:44AM
US needs to step up economic engagement with Asia, Singapore says

Deputy PM Heng Swee Keat said Washington must come up with an ‘equally substantial alternative’ to the CPTPP trade pact Trump ditched in 2017.

Deputy PM Heng Swee Keat said Washington must come up with an ‘equally substantial alternative’ to the CPTPP trade pact Trump ditched in 2017.

US needs to step up economic engagement with Asia, Singapore says
1 Dec 2021 - 8:58AM
Ex-NBA Stars and Hong Kong firm combine to launch major new basketball league in Asia

Metta Sandiford-Artest, Baron Davis and Shane Battier among those ploughing money into East Asia Super League. Competition has backing of Fiba and will pit eight teams from around the region against each other.

Metta Sandiford-Artest, Baron Davis and Shane Battier among those ploughing money into East Asia Super League. Competition has backing of Fiba and will pit eight teams from around the region against each other.

Ex-NBA Stars and Hong Kong firm combine to launch major new basketball league in Asia
1 Dec 2021 - 9:18AM
Sweden gets first transgender minister in female-majority cabinet

Lina Axelsson Kihlblom, 51, was named school minister in the new government, which consists of 12 women and 11 men.

Lina Axelsson Kihlblom, 51, was named school minister in the new government, which consists of 12 women and 11 men.

Sweden gets first transgender minister in female-majority cabinet
1 Dec 2021 - 6:51AM
Joe Biden cautions against ‘panic’ over Omicron coronavirus variant, urges boosters

The US president says his team does not believe new vaccines are needed, but is already working with Pfizer and Moderna on contingency plans.

The US president says his team does not believe new vaccines are needed, but is already working with Pfizer and Moderna on contingency plans.

Joe Biden cautions against ‘panic’ over Omicron coronavirus variant, urges boosters
30 Nov 2021 - 2:24AM
India’s parliament repeals agriculture reform laws, but farmers vow to keep up the fight

The lower house’s vote to scrap the controversial farm laws came after a surprise U-turn by Prime Minister Narendra Modi, ahead of five state assembly elections.

The lower house’s vote to scrap the controversial farm laws came after a surprise U-turn by Prime Minister Narendra Modi, ahead of five state assembly elections.

India’s parliament repeals agriculture reform laws, but farmers vow to keep up the fight
29 Nov 2021 - 8:00PM
Japan’s labour chief wants 4 in 10 bosses to be women by 2030. She just needs to convince women it’s possible

Japan’s first female labour chief Tomoko Yoshino says both men and women in the country are still deeply resistant to the idea of female bosses.

Japan’s first female labour chief Tomoko Yoshino says both men and women in the country are still deeply resistant to the idea of female bosses.

Japan’s labour chief wants 4 in 10 bosses to be women by 2030. She just needs to convince women it’s possible
29 Nov 2021 - 3:30PM
Victoria’s Secret lingerie challenged by Parade, a start-up selling underwear for all body shapes, founded by 24-year-old Cami Téllez

Victoria’s Secret, with its supermodels wearing sexy lingerie, left Cami Téllez feeling inadequate, so she started Parade, a brand selling underwear for all shapes and sizes.

Victoria’s Secret, with its supermodels wearing sexy lingerie, left Cami Téllez feeling inadequate, so she started Parade, a brand selling underwear for all shapes and sizes.

Victoria’s Secret lingerie challenged by Parade, a start-up selling underwear for all body shapes, founded by 24-year-old Cami Téllez
27 Nov 2021 - 4:15PM
UK-France feuding thwarts attempts to resolve English Channel migrant crisis

Boris Johnson accuses French of not doing enough, while France says he is ‘politicising a dramatic situation’ and blames Britain’s labour market.

Boris Johnson accuses French of not doing enough, while France says he is ‘politicising a dramatic situation’ and blames Britain’s labour market.

UK-France feuding thwarts attempts to resolve English Channel migrant crisis
26 Nov 2021 - 12:45AM
Coronavirus: EU proposes 9-month limit on vaccine validity for travel

The European Commission is proposing that member states should continue welcoming all travellers inoculated with shots approved by the bloc.

The European Commission is proposing that member states should continue welcoming all travellers inoculated with shots approved by the bloc.

Coronavirus: EU proposes 9-month limit on vaccine validity for travel
25 Nov 2021 - 9:45PM
Ikea’s largest store opens in Philippines as it eyes expansion in Asia, South America

Philippines welcomes world’s largest Ikea branch as company plans to open 60 more stores this year, including locations in Asia and South America.

Philippines welcomes world’s largest Ikea branch as company plans to open 60 more stores this year, including locations in Asia and South America.

Ikea’s largest store opens in Philippines as it eyes expansion in Asia, South America
25 Nov 2021 - 6:19PM
Germany’s Covid-19 deaths pass 100,000 as infections climb

The country’s death toll is still lower than in the UK, France or Italy, which each passed 100,000 some time ago.

The country’s death toll is still lower than in the UK, France or Italy, which each passed 100,000 some time ago.

Germany’s Covid-19 deaths pass 100,000 as infections climb
25 Nov 2021 - 7:10PM
China’s zero-Covid policies causing ‘major’ knock-on effects for snarled global supply chains

China’s zero-Covid approach prohibits crew changes for foreign crew and it recently imposed as much as a seven-week mandatory quarantine for Chinese seafarers, adding to the global supply chain crisis.

China’s zero-Covid approach prohibits crew changes for foreign crew and it recently imposed as much as a seven-week mandatory quarantine for Chinese seafarers, adding to the global supply chain crisis.

China’s zero-Covid policies causing ‘major’ knock-on effects for snarled global supply chains
25 Nov 2021 - 10:14AM
Singapore’s central bank to weigh actions after DBS suffers massive glitch

The disruptions in DBS’ digital services – an area where the Singapore-based bank has invested in heavily – started early on Tuesday and resurfaced the following day.

The disruptions in DBS’ digital services – an area where the Singapore-based bank has invested in heavily – started early on Tuesday and resurfaced the following day.

Singapore’s central bank to weigh actions after DBS suffers massive glitch
24 Nov 2021 - 9:15PM
Germany’s Olaf Scholz seals coalition deal to succeed Angela Merkel as chancellor

Olaf Scholz is set to succeed Angela Merkel as German chancellor after forging an unprecedented alliance that aims to revamp Europe’s largest economy by tackling climate change and promoting digital technologies.

Olaf Scholz is set to succeed Angela Merkel as German chancellor after forging an unprecedented alliance that aims to revamp Europe’s largest economy by tackling climate change and promoting digital technologies.

Germany’s Olaf Scholz seals coalition deal to succeed Angela Merkel as chancellor
24 Nov 2021 - 6:32PM
Crypto oversight agenda released by US banking regulators could require permission to offer digital currencies

The Federal Reserve and other banking agencies are grappling with issues related to cryptocurrencies, including custody and crypto-backed loans.

The Federal Reserve and other banking agencies are grappling with issues related to cryptocurrencies, including custody and crypto-backed loans.

Crypto oversight agenda released by US banking regulators could require permission to offer digital currencies
24 Nov 2021 - 11:19AM
China population: one-child policy blamed as 12 million children missed in 2010 census emerge

China’s latest statistical yearbook puts the number of children born between 2000 to 2010 at 172.5 million, well above the 160.9 million recorded in the 2010 census.

China’s latest statistical yearbook puts the number of children born between 2000 to 2010 at 172.5 million, well above the 160.9 million recorded in the 2010 census.

China population: one-child policy blamed as 12 million children missed in 2010 census emerge
24 Nov 2021 - 11:10AM
Samsung’s US$17 billion Texas chip plant to create 2,000 jobs as US looks to ease global chip shortage, counter China

Samsung Electronics’ new US-based semiconductor plant will be about 30 miles outside Austin, Texas, joining TSMC in expanding production in the US as the country seeks to safeguard cutting-edge technology.

Samsung Electronics’ new US-based semiconductor plant will be about 30 miles outside Austin, Texas, joining TSMC in expanding production in the US as the country seeks to safeguard cutting-edge technology.

Samsung’s US$17 billion Texas chip plant to create 2,000 jobs as US looks to ease global chip shortage, counter China
24 Nov 2021 - 10:18AM
India’s Mukesh Ambani looks to Walmart’s succession playbook for his US$208 billion empire

Asia’s richest man is eyeing a blueprint for the next stage of his US$208 billion empire that seeks to avert a succession warfare.

Asia’s richest man is eyeing a blueprint for the next stage of his US$208 billion empire that seeks to avert a succession warfare.

India’s Mukesh Ambani looks to Walmart’s succession playbook for his US$208 billion empire
23 Nov 2021 - 4:19PM
Trump ally Roger Stone subpoenaed in investigation of US Capitol attack

A committee of lawmakers is also seeking documents and testimony from conspiracy theorist Alex Jones and three others over the January 6 incident.

A committee of lawmakers is also seeking documents and testimony from conspiracy theorist Alex Jones and three others over the January 6 incident.

Trump ally Roger Stone subpoenaed in investigation of US Capitol attack
23 Nov 2021 - 7:52AM
Chile heads for polarised race for president as conservative Kast and leftist Boric make it through first round

Chileans return to polls next month, choosing between ‘freedom and communism’; winner faces ‘very volatile political environment’.

Chileans return to polls next month, choosing between ‘freedom and communism’; winner faces ‘very volatile political environment’.

Chile heads for polarised race for president as conservative Kast and leftist Boric make it through first round
23 Nov 2021 - 3:46AM
Malaysia’s former premier Najib’s party considers early general election after big weekend win

Malaysia’s former premier Najib Razak, on trial for corruption, leads pro-Malay party, United Malays National Organisation, to victory in local polls.

Malaysia’s former premier Najib Razak, on trial for corruption, leads pro-Malay party, United Malays National Organisation, to victory in local polls.

Malaysia’s former premier Najib’s party considers early general election after big weekend win
22 Nov 2021 - 8:58PM
US shares intel with European allies on Russian plans for potential Ukraine invasion

For Putin, Ukraine is unfinished business after his annexation of Crimea in 2014. He sees Ukraine as part of Russia and bristles at its outreach with the west.

For Putin, Ukraine is unfinished business after his annexation of Crimea in 2014. He sees Ukraine as part of Russia and bristles at its outreach with the west.

US shares intel with European allies on Russian plans for potential Ukraine invasion
22 Nov 2021 - 8:53PM
El Salvador to build Bitcoin City in bid to become ‘Singapore of Latin America’

The project, funded by bitcoin-backed bonds, will be built near the Conchagua volcano which will provide energy for mining.

The project, funded by bitcoin-backed bonds, will be built near the Conchagua volcano which will provide energy for mining.

El Salvador to build Bitcoin City in bid to become ‘Singapore of Latin America’
21 Nov 2021 - 10:46PM
China Foreign Exchange Committee tells banks to limit speculative trading as yuan surges

The currency has reached a 6-year high and is the best performer in emerging markets this year.

The currency has reached a 6-year high and is the best performer in emerging markets this year.

China Foreign Exchange Committee tells banks to limit speculative trading as yuan surges
21 Nov 2021 - 10:47PM
Japan foreign minister gets China invite; ‘paying close attention’ to Peng Shuai issue

Yoshimasa Hayashi said in an interview that his counterpart Wang Yi on Thursday invited him to China but ‘no arrangements’ were yet in progress.

Yoshimasa Hayashi said in an interview that his counterpart Wang Yi on Thursday invited him to China but ‘no arrangements’ were yet in progress.

Japan foreign minister gets China invite; ‘paying close attention’ to Peng Shuai issue
21 Nov 2021 - 9:19PM