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(Bloomberg) -- Meituan’s quarterly revenue climbed a better-than-expected 22%, signaling a gradual recovery in online commerce and travel as Beijing tries to jumpstart the economy.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesChina’s meal delivery leader posted sales of 93.6 billion yuan ($12.9 billion) in the September quarter, versus the 92 billion yuan average projection. Net income tripled t

While Americans have been feasting and preparing to shop, U.S. Treasuries have put in a decent rally this week - countering considerable post-election fiscal anxieties as world bonds find a bid more broadly. Well-behaved U.S. inflation updates and decent demand during another heavy week of debt sales have helped a rally that began in earnest last Friday as President-elect Donald Trump nominated Wall Street money manager Scott Bessent as treasury Secretary. In the backdrop, Trump's early trade tariff threats may also have darkened the global growth outlook, while nerves in Europe about France's tense budget negotiations appear to have eased somewhat overnight.

Oil prices could stall in 2025 as economic weakness in China clouds the demand picture and ample global supplies outweigh support from an expected delay to a planned OPEC+ output hike, a Reuters monthly poll showed on Friday. Sentiment among oil traders "has turned very negative due to concerns about the global economy, especially about China's economy and demand growth, and concerns about OPEC+ being able to align supply with demand," said Stratas Advisors President John Paisie. Earlier this month OPEC lowered its forecast for global oil demand growth this year and next, highlighting weakness in China, India and other regions.

(Bloomberg) -- Taiwan raised its forecast for economic growth next year even though the return of US President-elect Donald Trump threatens to disrupt trade. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasThe economy is expected to expand 3.29% in 2025, according to an estimate released by the statistics bureau in Taipei on Friday. That compares wit

How to score the best deals on tech this Black Friday, whether shopping in stores or online.

(Bloomberg) -- For Delivery Hero SE, the public listing of its Middle Eastern unit brings a much needed cash windfall — and a vexing problem.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasOn Friday, the German delivery firm set the initial public offering for Talabat in Dubai at the top of its price range, implying a market capitalization of $10.2 b

(Bloomberg) -- Didi Global Inc. posted its second straight quarterly profit, a boost for the Chinese ride-hailing leader as it contemplates a potential re-listing in Hong Kong.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasThe company swung to a net income of 929 million yuan ($128 million) for the September quarter, versus a year-ago loss. Revenue

(Bloomberg) -- Pekka Lundmark is seeking to keep Nokia Oyj on track after the Finnish company lost a $14 billion contract with AT&T Inc. to competitor Ericsson AB, meaning Nokia’s communications equipment will get removed from one of the largest US networks.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasAs chief executive officer since 2020, the 60-

(Bloomberg) -- Delivery Hero SE priced its Middle Eastern unit’s initial public offering at the top of its range, putting the deal on pace to be the largest tech sector IPO of the year.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasThe German company set the final price in the Talabat Holding IPO at AED 1.60 ($0.44) per share, according to a stateme

(Bloomberg) -- Japan is allocating another ¥1.5 trillion ($9.9 billion) to boost its chip and artificial intelligence endeavors including moonshot foundry project Rapidus Corp.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasThe government’s extra budget for the fiscal year to March sets aside ¥1.05 trillion to develop and research fields related to n