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Media Digest

DailyMediaDigest

WSJ

– Anheuser-Busch InBev NV plans to sell two of SABMiller PLC’s best known beer brands, Grolsch and Peroni, as the world’s largest brewer seeks to ease European regulatory concerns over its pending acquisition of its biggest rival. (http://on.wsj.com/1Nkz7Ag)

– China’s first home-made jetliner ARJ21 is poised to make its commercial debut nearly a decade behind schedule, as a local airline took delivery of a regional aircraft that illustrates Beijing’s woes in getting its aerospace sector airborne. (http://on.wsj.com/1NkzcEd)

– A National Retail Federation survey on Sunday found that more people shopped online than in stores during Thanksgiving and Black Friday weekend, a sign of how quickly and deeply American shopping habits have changed. (http://on.wsj.com/1Nkzpao)

– The post of CEO of the Port Authority of New York and New Jersey, one of the top jobs in public transportation, is proving tough to fill. Complications vary from concerns about the position’s independence and worries about regional politics, according to people familiar with the search. (http://on.wsj.com/1NkzWt6)

– Billionaire banker  Esteves resigned Sunday as chairman and chief executive officer of Grupo BTG Pactual SA , Brazil’s largest independent investment bank. The announcement was made after Brazil’s Supreme Court agreed Sunday to a request by federal prosecutors to keep Esteves in jail indefinitely. (http://on.wsj.com/1NkA5fZ)

FT

Anheuser-Busch InBev is planning to put SABMiller’s Peroni and Grolsch brands that it would gain up for sale in a bid to head off European regulatory concerns over its proposed 71 billion pounds ($106.66 billion) acquisition of SABMiller.

India’s Prime Minister Narendra Modi has issued a blunt warning that rich nations still have a moral imperative to lead the fight against global warming, highlighting the challenges facing the UN climate talks which start in Paris on Monday.

In a move that paves way for Europe to take a far tougher approach towards irregular migration and instead accept more refugees directly from the war-torn regions, Turkey and the European Union have agreed on a multibillion-euro deal to stem migrant flows into Greece.

The UK’s life company sector is headed for “massive” consolidation over the next five years with several well known names expected to exit or fold and a “premier league” of pensions providers emerging to control 550 billion pounds in assets, according to a report published on Monday by the Pensions Institute at London’s Cass Business School.

NYT

– More people shopped online over the Thanksgiving weekend than in brick-and-mortar stores, according to a closely watched survey released by retail’s biggest trade group, the National Retail Federation. (http://nyti.ms/1RfTT5X)

– On Jan 6, at participating stores, Marvel will give away a 32-page comic that reprints 14 of the homage covers. “The hip-hop variants were a really special initiative that caught fire in the outside world,” said Axel Alonso, the editor in chief of Marvel. (http://nyti.ms/1RfU6Gk)

– In an effort to remake itself once again, Nokia has turned to manufacturing the telecom equipment that powers the mobile networks of global carriers like Deutsche Telekom and China Mobile. That strategy will soon face its biggest test when Nokia completes its $16.6 billion takeover of its Franco-American rival Alcatel-Lucent in early 2016. (http://nyti.ms/1RfUfcE)

– Kobe Bryant of the Los Angeles Lakers announced Sunday that he would retire from professional basketball after the end of this season, his 20th in the N.B.A. (http://nyti.ms/1RfUpAI)

– U.S. President Obama and more than 100 world leaders will convene with thousands of diplomats on Monday on the outskirts of Paris to open two weeks of intense negotiations aimed at forging an accord that could begin to avert the most devastating effects of global warming and redefine the economy of the 21st century. (http://nyti.ms/1RfUvbN)

China

CHINA SECURITIES JOURNAL

– Commodities trading on the Shanghai and Shenzhen stock exchanges in November hit 31.8 billion yuan ($4.97 billion), up 40.68 percent from October, according to Chinese data center Wind.

– China inked a Closer Economic Partnership Agreement with Macao on Nov. 28, which will come into effect on June 1, 2016. The agreement aims to strengthen trade and service between the two economic regions.

CHINA DAILY

– Judges must stop favouring business interests over damage to the environment, said an official at China’s top court. As environmental disputes grow, judges need to understand their role in protecting the environment, he said.

– Alibaba Pictures Group Ltd, backed by Alibaba Group, has angered China’s scribes by saying it will favour writers of fan fiction over professional scriptwriters, the paper said. Xiduorui, a firm representing 70 writers said it will not work with Alibaba until it changes its attitude.

Britain

The Times

The operator of Britain’s biggest power station has warned that meeting the nation’s electricity needs will be a close-run thing for years as ageing coal plants are retired from service. Dorothy Thompson, the chief executive of Drax, the North Yorkshire power plant that generates 7 percent of the country’s electricity from burning coal and wood, said there was “no question we are getting to a tight situation”. (http://thetim.es/1Itljhz)

UK’s business groups have attacked the government for “changing the goalposts” after a new rule that companies winning disputes with HM Revenue & Customs will be taxed heavily. Measures contained in the fine print of the chancellor’s autumn statement will impose a “penal” 45 percent tax rate on interest payouts made to companies that win legitimate tax refunds. (http://thetim.es/1RfyJVp)

The Guardian

Britain’s biggest lenders are braced for a decision by the Bank of England on whether they are strong enough to withstand turmoil in global markets, as Threadneedle Street considers restrictions on their activities to slow down the growth in consumer lending. (http://bit.ly/1XBQcao)

The beer brands Peroni and Grolsch are to be put up for sale under plans by brewer Anheuser-Busch InBev to appease regulators in its 71 billion pounds ($106.71 billion) takeover of SABMiller. Budweiser owner AB InBev is considering selling the leading SABMiller brands as a pre-emptive move to satisfy European Union competition regulators. (http://bit.ly/1loIsw5)

The Telegraph

The International Monetary Fund is to give the yuan a historic vote of confidence on Monday when it includes the Chinese currency in its elite club of major currencies. (http://bit.ly/1lovUoH)

Nissan will begin making its luxury Infiniti cars in UK’s Sunderland this week as part of a 250 million pounds investment in the factory, a landmark move that heralds a massive triumph for British industry. (http://bit.ly/1Tm5ek1)

Sky News

Almost 1 billion pounds is expected to be spent online today, up from 720 million pounds last year, as retailers unleash another set of internet bargains. But shoppers seeking bargains online have been urged to be vigilant, as hackers were targeting people “all the time”. (http://bit.ly/1PV9w3n)

Virgin Atlantic is finalising a landmark deal that will enable it to raise hundreds of millions of pounds from its lucrative take-off and landing rights at London’s Heathrow Airport. (http://bit.ly/1LHpOVR)

The Independent

Britain’s banks will tonight learn whether they have passed tough Bank of England stress tests, after the collapsed bank HBOS was told it had “less than” a 1 in 100,000 chance of failing those imposed by the then regulator just three years before its near-collapse. (http://ind.pn/1jsgYoa)

The gap between average wages and the pay Britain’s top company executives receive is still widening year by year, despite David Cameron’s mantra that “we’re all in this together.” (http://ind.pn/1NCJyl1)

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