Bloomberg Business

Singapore Tax Hike Is Starting to Cool Foreign Demand for Property

Singapore’s latest property tax — now one of the highest among global markets — has dented foreign demand. Foreign buyers bought 57 private apartments in May, down 50% from April, according to Savills Singapore’s analysis of data from the Urban Redevelopment Authority.

US Backs Poland Gas Hedging, Drawing Climate Activists’ Ire

The US International Development Finance Corp. pledged up to $500 million to help increase Poland’s natural gas imports — appearing to contravene a Biden administration commitment to halt public finance for foreign fossil-fuel projects.

ByteDance Accused of Helping China Track Hong Kong Activists

Chinese Communist Party members used a “god credential” at TikTok parent ByteDance Inc. to examine the personal data of civil rights activists and protesters in Hong Kong, and identify and track them down, a former company executive said in a court filing.

SEC’s Coinbase Lawsuit Heralds Deepening US Crypto Crackdown

The Securities and Exchange Commission widened its sweeping crackdown on crypto by accusing Coinbase Global Inc. of running an illegal exchange, a move that could make it harder for the industry to operate and for US citizens to trade.

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