Funding & Business
China's New Social Security Ruling Sparks Backlash
China’s top court has ruled that companies and employees can no longer skip mandatory social insurance payments. The August 1 decision has sparked backlash online, with many concerned it could affect small and medium-sized businesses. Bloomberg’s Minmin Low breaks down what’s changing, who’s affected, and why it’s causing alarm. (Source: Bloomberg)
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Anna Edwards, Guy Johnson, Valerie Tytel and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
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Britain’s biggest housebuilder Barratt Redrow Plc warned that the period leading into the UK budget in November has introduced “additional risk” to home sales.
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Indian firms that make active pharmaceutical ingredients, or APIs, are gearing up to supply the basic ingredient that goes in making copies of Novo Nordisk A/S’s weight-loss drugs that are losing patent protection next year in several large markets.
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