China December new home prices rise a touch faster, survey shows
BEIJING (Reuters) – Prices of new homes in China rose at a slightly faster pace in December, a private survey showed on Wednesday, as the crisis-hit property sector struggles to find a bottom on the heels of a slew of…
Abu Dhabi’s Mubadala overtakes Saudi Arabia’s PIF as world’s top wealth fund spender
By Hadeel Al Sayegh DUBAI (Reuters) – Abu Dhabi’s Mubadala Investment Company accounted for about 20% of the almost $136.1 billion spent by sovereign wealth funds worldwide last year, overtaking Saudi Arabia’s wealth fund amid a surge in spending from…
Cocoa tops global commodities rally for 2nd year, steel ingredients struggle on China demand
By Naveen Thukral and Florence Tan SINGAPORE (Reuters) – Cocoa and coffee are poised to close 2024 as the biggest gainers among commodities for a second year on a global supply deficit, while steel-making coal will end as the worst…
South Korea’s acting president calls for national harmony and unity
SEOUL (Reuters) – South Korean Acting President Choi Sang-mok called for national harmony and unity and for trust in the government in a New Year’s address on Tuesday, amid an unprecedented political crisis sparked by impeached President Yoon Suk Yeol’s…
Kenya’s inflation inches up in December, stats office says
(Reuters) -Kenya’s consumer price inflation inched up to 3.0% year-on-year in December, up from 2.8% a month earlier, the statistics office said on Tuesday. On a monthly basis, inflation was 0.6% compared with 0.3% in November, the Kenya National Bureau…
Beijing unveils plans to boost driverless vehicle use in capital
By Qiaoyi Li and Brenda Goh BEIJING (Reuters) – China’s capital Beijing passed new regulations on Tuesday to encourage autonomous driving technology in the city, with authorities planning to eventually allow driverless public buses and taxis. Autonomous vehicles that pass…