China is focused on changing its tax structure on residential property transactions. This they are doing to lower the cost of ownership and to try to extend fresh incentives to a wider pool of buyers.

To boost property sales, China unveils new tax breaks: Report

Hong Kong stocks lost ground for the fourth consecutive day, this is now the longest decline in two months, as investors digested the absence of a more meaningful and forceful stimulus from China along with the fallout of Donald Trump’s re-election, according to a detailed report by the South China Morning Post.

Hong Kong stocks cap longest losing streak in months on poor stimulus by China

Bitcoin resumed its rally on November 12, after taking a brief break from its post-election superb rally earlier in the session as detailed in a report by CNBC. The price of bitcoin was last higher by 2 per cent at $89,338.

Bitcoin rallies again briefly touching $90,000 in late afternoon trading

The longtime chief executive of the $500bn Saudi development project Neom Nadhmi al-Nasr, launched by Crown Prince Mohammed bin Salman, has departed, according to a Neom statement issued on November 12.

Neom CEO steps down as Saudi Arabia reduces scope of mega-projects

Volkswagen Group has decided to increase its planned investment in an announced joint venture with electric vehicle maker Rivian Automotive ahead of the operations launching Wednesday, according to a detailed report by CNBC.

Rivian-Volkswagen joint venture deal could reach $5.8 billion

Boeing stated on November 12, that it delivered 14 commercial jets in October, less than half of the 34 jets it handed over to customers during the same month in 2023, after a weeks-long strike halted most of its aircraft production, as detailed in a report by Reuters.

Boeing strike causes October deliveries to drop to just 14 jets

Activist-investor Bill Ackman has rallied behind Trump’s incoming initiative, known as the Department of Government Efficiency (DOGE). Led by Elon Musk and Biotech investor Vivek Ramaswamy, the initiative is set to “dismantle” bureaucracy and cut government waste.

Bill Ackman predicts growth as Trump launches DOGE initiative

President-elect Donald Trump is reportedly expected to attempt to block a potential US ban of TikTok ahead of a final January deadline, according to multiple sources as detailed in a report by the New York Post.

Trump expected to try to halt Tik Tok ban: Report

Meta has reduced the price of its ad-free subscription versions of Facebook and Instagram by 40 per cent for European Union (EU) users. This has been done to comply with regulatory demands in the region, according to a detailed report by CNBC.

Meta reduces EU Facebook and Instagram subscription fees by 40%

Swiggy shares listed at a premium of 7.69 per cent on the National Stock Exchange (NSE) on November 13. The stock debuted at Rs 420 per share on the NSE over the IPO price of Rs 390, according to a report by Moneycontrol.

Swiggy shares rally 14% after underwhelming listing

China’s trade surplus is on track to hit a fresh record high this year, increasingly leaving it on a collision course with some of the world’s biggest economies by increasing an imbalance in global commerce that risks provoking President-elect Donald Trump and his much-discussed tariffs, according to a detailed report by Bloomberg.

China approaches $1 trillion trade surplus as Donald Trump makes a comeback

The collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8bn was “fraudulently transferred” by FTX management to Binance and its executives according to a detailed report by The Guardian.

FTX sues Binance and its former CEO Changpeng Zhao for $1.8bn

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Zee News Rajasthan

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Hanshika Ujlayan

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