LONDON (AP) — Apple has chided a newly available pornography app available in the European Union, and warned that the bloc’s digital rules opening the way for third-party app store downloads undermines consumer confidence in the tech giant. AltStore PAL, an alternative app marketplace made possible under Europe’s Digital Markets Act (DMA), unveiled the Hot…
Morning, I’m Louise Moon from Bloomberg UK’s breaking news team, bringing you up to speed on today’s top business stories. Rio Tinto and Glencore, two of the world’s biggest miners, have held discussions about combining their businesses, according to my colleagues’ scoop. Source link
Since 2022, China’s economy has been haunted by a weak recovery. Real gross domestic product (GDP) growth has fallen below 5 per cent for two consecutive quarters this year, posing challenges for Beijing to achieve its annual growth target of around 5 per cent. The International Monetary Fund estimates that the proportion of China’s nominal…
To get John Authers’ newsletter delivered directly to your inbox, sign up here. One thing we’ve known about Donald Trump since he entered politics: He really likes tariffs. For him, trade is a zero-sum game, and the US should use tariffs to make sure it gets its fair share. Source link
China’s economy likely maintained momentum last month, with early indicators pointing to further stabilization as a broad package of stimulus measures took effect. Industrial output and retail sales are expected to have grown at the same if not slightly faster pace in November compared to October, according to forecasts by economists in a Bloomberg survey….
In This Story After a whirlwind of back-to-back blockbuster earnings reports and a significant political shift in the country, this week offers a welcome opportunity to pause. With a quieter week ahead, it’s a chance to let the dust settle, recharge, and set the stage for the upcoming holiday season, including Black Friday and Thanksgiving….
Hong Kong revised growth expectations to the lowest end of its previous forecast, showing mounting pressures from weaknesses in exports and consumption. The city changed its 2024 growth forecast to 2.5% from a range of 2.5%-3.5% estimated in August, the Census and Statistics Department said Friday. The adjustment suggests expansion will slow from last year’s…
China’s consumer inflation was anemic in October while factory-gate prices continued falling, suggesting the government’s latest round of stimulus is far from sufficient to free the economy from the grip of deflation. The consumer price index rose 0.3% from a year earlier, the National Bureau of Statistics said Saturday, compared with a 0.4% gain in…
Hong Kong-listed Citic said it would sell its 19.23 per cent stake in Fast Food Holdings to a private-equity unit of its affiliate, Trustar Capital Partners, according to a stock exchange filing on Monday. “The disposal is based on the group’s business development strategy” and “provides a good investment return”, Citic said. It said the…
China may deploy as much as 2 trillion yuan in fresh fiscal stimulus as Beijing seeks to shore up the world’s No. 2 economy and boost confidence, investors and analysts said. The funds, potentially raised by selling more government bonds, could be announced as soon as Saturday by the country’s finance minister in a highly…