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...LetterOne will remain a minority shareholder in the newly combined company....
...On the first day of the National People’s Congress, the country’s rubber-stamp parliament, Li also outlined a plan to issue Rmb1tn of ultra-long-term special treasury bonds to implement “major national strategies...
...Take a break from the news V-necks have been verboten for as long as most of us can remember, writes Teo van den Broeke....
...China has made a record cut to a mortgage-linked loan rate as policymakers roll out more targeted support to the country’s ailing property sector....
...National elections in India begin later this month that are likely to see the BJP’s Narendra Modi returned for a third term....
...Crowds wearing pink — the colour of the election authority’s logo — and waving national flags marched through Mexico City and other cities to reject the president’s vision....
...holding company through which she controls Paramount....
...Canada’s housing crisis: A National Housing Conference will be held in Ottawa where real estate companies, lobby groups and officials from the government will discuss solutions for solving Canada’s housing...
...There are $117bn of commercial mortgages tied to offices which either need to be repaid or refinanced in 2024, according to data from the Mortgage Bankers Association....
...Investing: A small German mortgage lender has become one of Europe’s most-shorted stocks because of its exposure to US commercial property....
...More energy industry news: Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation....
...Monetary policy: New York Federal Reserve president John Williams will speak about the 2024 economic outlook in the New York City suburb of White Plains....
...Moscow wants to show it is rebuilding and Russifying the city, but its residents suffer perilous conditions while companies profit from lucrative contracts....
...Hong Kong has unveiled details of a proposed new national security law which analysts warned would further curb civil freedoms in the city and damage its status as an international financial hub....
...“We are at the gates of Gaza City,” said Brigadier General Itzik Cohen of the Israel Defense Forces....
...Results: General Mills, the company behind Cheerios cereal and Häagen-Dazs ice cream, reports third-quarter earnings....
...Russia has launched a huge raid against the capital of Ukraine as well as cities in the east, south and west of the country that has left 12 dead and 76 injured....
...Read more on the job cuts at the music streaming company. 5....
...The company increased its total revenue by 5 per cent to £147mn and adjusted operating profit by 2 per cent to £14mn....
...International tax laws: The ability of rich companies and individuals to use complex legal structures to outmanoeuvre national regulators cries out for simple, blunt rules, writes Rana Foroohar....
...Meanwhile, a recent rise in UK home sales and a fall in mortgage rates have created a slightly more hospitable market for buyers....
...Vatican City: Pope Francis will lead Midnight Mass at St Peter’s Basilica on Sunday. Thank you for reading FirstFT this year....
...Adam Walkom, a financial planner and partner at Permanent Wealth Partners, has lots of clients who are City workers in their 30s and 40s....
...More AI: Leading AI companies have agreed to allow governments including the UK, US and Singapore to test their latest models for national security and other risks before they are released to businesses...
...The moves in China’s two largest cities followed similar cuts this week in Guangzhou and Shenzhen, and came after authorities yesterday announced cuts to both interest rates and downpayment ratios for mortgages...
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