EMEA Morning Briefing : Stocks To Slide as Market -2-

Hassan Irloo, who was smuggled into Yemen last year and named Iran's ambassador to parts of the country controlled by the Houthis, left on an Iraqi military plane sent to pick him up, according to Saudi, Iranian and Houthi officials.

Europe's Ski Slopes Are Open Despite Omicron, at Least for Now

ALPE DI SIUSI, Italy-In the rarefied air of the Dolomite Alps, 7,000 feet above sea level, one can almost forget that the Covid-19 pandemic is still raging.

Skiers from across Europe ride the lifts until twilight. Children snake down slopes behind their instructors. People sip beer slope-side, and patrols on snowmobiles ply the mountainside.

The World Wants Green Hydrogen. Namibia Says It Can Deliver.

LÜDERITZ, Namibia-This old diamond-mining town, perched on the rocky Atlantic coastline of this sparsely populated desert nation, last boomed at the start of the 20th century, when diamonds were discovered in the nearby dunes.

Now Namibia is positioning itself as a leader in the emerging market for another hot resource: green hydrogen, which is made using renewable electricity.

SenseTime Revives IPO Days After U.S. Investment Blacklist Forced Delay

Chinese artificial-intelligence giant SenseTime Group Inc. filed revised documents for a Hong Kong initial public offering and said it still plans to list before the end of the year, after the U.S. government moved to restrict American investors from buying its stock.

Early Monday in Hong Kong, the company said it would relaunch its IPO later the same day. It still aims to raise the equivalent of up to $767 million, with a maximum valuation of $17 billion-unchanged from its original offering plan. The company's shares will start trading on Dec. 30.

Chinese Developer Kaisa Misses Bond Payments

Kaisa Group Holdings Ltd. said Monday that it has missed payments on various senior notes and that it is in talks for a debt restructuring with bondholders.

The Chinese developer didn't make payment on a US$400 million, 6.5% senior note that matured Dec. 7 and missed out on interest payments of three other bonds.

Disney and YouTube Reach Deal, Ending Blackout

YouTube TV and Walt Disney Co. reached a deal Sunday to restore access to Disney-owned channels including ESPN and FX for YouTube TV subscribers.

The deal ended a brief blackout that began at the stroke of midnight Saturday after the carriage contract between the two companies expired. YouTube TV has more than four million subscribers, according to a person familiar with the operation.

Chinese Estates Shares Drop 31% After Proposed Privatization Falls Through

Shares of Chinese Estates (Holdings) Ltd. fell 31% on Monday after it said its proposed privatization won't proceed as it failed to receive a majority of shareholders' votes.

The Hong Kong-listed stock fell below the HK$2.90 level, where it had traded before the company disclosed its privatization offer on Oct. 7. Chinese Estates shares were last at HK$2.68.

Nike Buys Into NFTs, Eyeing Real Money From Virtual Sneakers

Thomas Arias is the proud owner of more than 100 pairs of new and vintage Nike Inc. sneakers. Now he is thinking about building a new collection of the brand's footwear-but in the virtual world.

"I see an asset that possibly some time in the future could be worth a lot more than what I paid," said Mr. Arias, who is 37 years old and helps his father run a small import business in Miami.

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Expected Major Events for Monday

00:01/UK: Nov Zoopla House Price Index

08:00/SVK: Nov PPI

09:00/ICE: Nov Harmonized CPI

09:00/POL: Nov PPI

09:00/POL: Nov Industrial Production Index

09:00/EU: Oct Euro area balance of payments

09:00/POL: Nov Agricultural prices

10:00/MLT: Nov RPI

10:00/ITA: Oct Balance of Payments

10:00/LUX: Nov Unemployment

11:00/UK: Dec CBI Industrial Trends Survey

11:00/POR: Nov PPI

11:00/UK: Nov Aluminium Production report

14:00/BEL: Dec Consumer Confidence Survey

15:59/UKR: 3Q GDP

17:59/POR: Sep ICSG Copper Report

17:59/UK: Dec CBI Scottish Productivity Index

All times in GMT. Powered by Kantar Media and Dow Jones.

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This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

12-20-21 0034ET