• Business
    Reuters

    Saudi Arabia's PIF mulls larger stake in Nintendo, Kyodo reports

    Saudi Arabia's Public Investment Fund (PIF) is considering raising its stakes in Nintendo and other Japanese gaming companies, Kyodo News reported on Saturday. Prince Faisal bin Bandar bin Sultan Al Saud, vice chair of the sovereign wealth fund's gaming unit, disclosed the plan in an interview with Kyodo. He told the Japanese news agency that PIF is not in a rush to increase its stakes, and that investments would be made in a friendly way.

  • News
    Reuters

    China home sales rise after stimulus measures, state media says

    BEIJING (Reuters) -China's home sales rose during the National Day holiday after a string of property stimulus measures to boost the country's beleaguered real estate market since late September, state media said on Saturday. Across the world's second-largest economy, policies including reductions in down-payment ratios and mortgage rates have been introduced this year to support the property sector, which previously made up one-quarter of economic activity. During the week-long holiday period that started on Tuesday, the number of house visits, which reflects a willingness to buy a home, increased significantly while sales of homes in many places rose to "varying degrees", state broadcaster CCTV reported.

  • News
    The Canadian Press

    Solar power companies are growing fast in Africa, where 600 million still lack electricity

    FREETOWN, Sierra Leone (AP) — Companies that bring solar power to some of the poorest homes in Central and West Africa are said to be among the fastest growing on a continent whose governments have long struggled to address some of the world's worst infrastructure and the complications of climate change.

  • News
    Bloomberg

    EU Tests Mettle to Take On China With New EV Tariff Fight

    (Bloomberg) -- The European Union unleashed one of its most powerful economic tools on China, imposing tariffs on electric vehicles in a move that increases the risk of retaliatory measures and backfiring on domestic consumers and companies.Most Read from BloombergWhat Do US Vehicle Regulators Have Against Tiny Cars?Mexico City Restricts Airbnb Rentals to Curb ‘Gentrification’NYC Schools Reverse Course on Cell-Phone Ban After Parents BalkThe Corner Store ComebackRoofs of Mexico City’s Massive Fo