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Liquidators for the delisted China Evergrande Group have asked “selected bidders” to submit their offers by the end of the month for a property management unit they have been seeking to sell, according to a filing to the Hong Kong stock exchange on Friday.The deadline for the offer, as well as identifying bidders for China Evergrande’s stake in Evergrande Property Services (EPS), comes as creditors seek to recover assets from the Guangzhou-based developer, which collapsed under the weight of more than US$300 billion in liabilities.The liquidators cautioned that any potential transaction “remains at a preliminary stage, and the timing for…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Canada’s forestry industry plans to divert a significant share of its wood exports from the US to new international markets, claiming that Donald Trump’s latest trade tariffs will lead to lumber shortages and drive up building costs in America.Canadian producers are seeking to divert around 10 per cent of the lumber normally sent south of the border to new buyers in the UK, EU and Middle East after the US president in September added a 10 per cent tariff on lumber, on…

GENEVA (AP) — The U.N.’s top human rights body was holding a one-day special session Friday to highlight hundreds of killings at a hospital in Sudan’s Darfur region and other atrocities committed last month by paramilitary forces fighting the army.The Human Rights Council was also debating a draft resolution calling on an existing team of independent experts to carry out an urgent inquiry into the killings and other rights violations in the city of el-Fasher by the Rapid Support Forces paramilitary.“The atrocities that are unfolding in el-Fasher were foreseen and preventable, but they were not prevented. They constitute the gravest…

Buying rally continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,000 points during the second half of the trading session on Friday. At 3:30pm, the benchmark index was hovering at 161,681.31, an increase of 1,023.82 points or 0.64%. Buying interest was observed in key sectors including automobile assemblers, commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including OGDC, POL, PPL, PSO, WAFI, HBL and MCB, traded in the green. On a corporate front, the warring Board of Directors of K-Electric on Thursday put off its meeting after…

BERLIN (AP) — Germany’s governing coalition agreed to subsidize energy prices for heavy industry over the next three years as it tries to breathe new life into a stubbornly slow economy that is weighing on Europe’s performance.Chancellor Friedrich Merz said he and other coalition leaders agreed Thursday evening to introduce an electricity price of about 5 euro cents (6 U.S. cents) per kilowatt hour starting Jan. 1, through 2028, to “support companies that use a lot of electricity and face international competition.” Talks on the plan with the European Union’s executive commission are near-complete and “we assume we will get…

The decline in China’s home prices is accelerating, with new home prices in October – traditionally a peak month for sales – falling at the fastest pace in 12 months across the country despite government support, as the economy slows and job prospects remain uncertain.New home prices fell 0.5 per cent month on month on average across 70 sampled cities, according to National Bureau of Statistics data released on Friday. It was the steepest drop since the 0.7 per cent fall in September last year. Year on year, prices slipped 2.6 per cent in October, compared with a 2.7 per…

For 50 years, Sari Kartina Abdul Karim kept a secret that would reshape Malaysian history. In 1974, at the age of 26, she became one of the region’s earliest Muslim trans women to undergo gender-affirming surgery and, in a rare moment of religious recognition, married with the approval of a Johor mufti.For five decades, she kept her story to herself. But now she says that silence has finally outlived its purpose.“It feels like someone who was blind suddenly being told they have their eyesight again,” she told This Week in Asia in an exclusive interview.“For 50 years I carried everything…

China has successfully deployed the world’s largest power-generating kite, capable of harnessing the potential of energy-dense, high-altitude winds to provide cheaper power than traditional surface turbines.The 5,000 square-metre (53,820 square-foot) high-altitude wind power capture kite was unfurled at a test site at Alxa Left Banner in the Inner Mongolia autonomous region on Wednesday, according to state broadcaster CCTV.Resembling a parachute, the power-generating kite was developed by the China Energy Engineering Corporation as part of the country’s first national research and development project for high-altitude wind power.Tethered to a generator on the ground, the kite can fly at an altitude exceeding…

ANKARA, Turkey (AP) — Turkey held a solemn funeral ceremony on Friday for 20 military personnel who were killed in a plane crash in Georgia.The C-130 military cargo was flying from Ganja, Azerbaijan, to Turkey when it crashed in Georgia’s Sighnaghi municipality, close to the Azerbaijani border, on Tuesday. The cause of the crash is under investigation.The victims included crew members and military personnel responsible for the maintenance and repair of Turkish F-16 jets that had flown to Azerbaijan to participate in that country’s Victory Day celebrations. The event marked Azerbaijan’s 2020 military success over Armenia for control of the…

Hong Kong stocks fell by the most in a week, triggered by China’s sluggish economic data, uncertainty over an interest-rate cut in the US and lofty valuations of artificial intelligence companies.The Hang Seng Index slipped 0.9 per cent to 26,833.92 as of 10.21am local time. The Hang Seng Tech Index dropped 1.7 per cent. On the mainland, the CSI 300 Index slid 0.7 per cent and the Shanghai Composite Index retreated 0.2 per cent.E-commerce giant JD.com slumped 4.1 per cent to HK$119.30 after third-quarter profit fell 55 per cent from a year ago. Peer Alibaba Group Holding dropped 2.8 per…