Bloomberg Business

Mild weather and high winds will ease pressure on western European power grids into the New Year, with warmer temperatures even spreading to the Nordics.

Saudi Arabia’s Jadwa Investment Co. plans to invest about two billion riyals ($532 million) in new private equity deals and to list stakes in three of its portfolio companies by 2025 as it looks to capitalize on rapid economic growth in the region.

PLDT Inc. is in talks with suppliers and vendors to cancel some projects and seek discounts as the Philippines’ biggest phone company by revenue aims to cut its 48-billion peso ($860 million) spending overrun.

Japanese Prime Minister Fumio Kishida’s reconstruction minister became the fourth cabinet member to step down since October, as the government seeks to halt a slide in support and push a record budget through parliament.

Top executives at Japan’s biggest banks are expecting negative interest rates to linger and see little immediate earnings boost after a surprise move by the nation’s central bank pushed lenders’ shares up by 13% last week.

The Biden administration criticized Beijing’s military drills near Taiwan this week as “provocative,” insisting it will continue helping the government in Taipei defend itself.

China’s 2021 gross domestic product was about $80 billion larger than first calculated, the National Bureau of Statistics said, a revision that added the equivalent of Ghana’s output to the size of the world’s second-largest economy.

South Korea’s current leader issued a special pardon for former conservative president Lee Myung-bak, who had been serving a 17-year sentence for corruption that could have kept him behind bars into his 90s.

Travel and consumer stocks in Asia advanced along with many of the region’s currencies, as traders bet popular destinations for Chinese tourists will benefit from Beijing’s move to end quarantine for travelers.

South Korea sent drones across the border into North Korea for the first time on Monday, an unprecedented tit-for-tat military move after Kim Jong Un’s regime dispatched five unmanned aerial vehicles into its air space.