China’s latest tightening of gaming rules is much ado about nothing. Except, of course, that nothing Beijing does is minor or inconsequential these days because everything the leadership says should be taken both literally and seriously. Shares of the nation’s leading games providers including Tencent Holdings Ltd, NetEase Inc, Bilibili Inc. and Huya Inc tumbled after the National Press and ...

Lost wars are supposed to provoke soul-searching. In America, they usually bring historical revisionism instead. When once-good wars go bad, Americans tend to conclude that there was never anything redeeming about them in the first place. This impulse is already coloring the debate over Afghanistan. It won’t help the US recover or learn from defeat. Much of the flourishing “who ...

Bloomberg Siam Makro Pcl surged as much as 24% after Thailand’s biggest operator of cash-and-carry stores announced a plan worth about 218 billion baht ($7 billion) to take control of retailer Lotus from other affiliates of the Charoen Pokphand Group. The share-price gain was the biggest since August 2013, with the deal leading to Siam Makro taking a 76% stake ...

Bloomberg Airbus SE secured an order for 36 single-aisle planes from UK leisure carrier Jet2 Plc, picking off a Boeing Co customer with steep discounts as it seeks to regain sales momentum. The A321neo jets, scheduled for delivery over five years through 2028, are valued at $4.9 billion before “significant discounts,” Jet2 said in a statement. The number of planes ...

Bloomberg India is set to absolve bidders for its loss-making flag carrier from any liability arising out of a lawsuit filed by Cairn Energy Plc, which has claimed the state-run airline’s assets over a long-running tax dispute with the government, according to people familiar with the matter. Prime Minister Narendra Modi’s administration will offer so-called indemnity to the financial bidders ...

Bloomberg Southwest Airlines Co was sued by its pilots union and accused of violating federal labour law by unilaterally changing working conditions, rules and pay rates as travel collapsed because of the coronavirus pandemic. The carrier violated the Railway Labor Act by making changes in its contract, the Southwest Airlines Pilots Association said in a lawsuit filed in a Dallas ...

Bloomberg Steinhoff International Holdings NV said US bedding chain Mattress Firm is considering a public share listing as a means of returning cash to shareholders. The move is one of a number of options being weighed and a final decision hasn’t been made, Steinhoff said in a statement. The South African retailer, which came close to collapse following an accounting ...

Bloomberg Private equity firm Bain Capital is nearing an agreement to acquire a significant stake in e-commerce company Berlin Brands Group, people with knowledge of the matter said. Bain was expected to announce a deal as soon as Wednesday to buy Ardian’s holding of more than 40% in the business, the people said, asking not to be identified because the ...

Bloomberg The Taliban and other Afghan leaders have reached a “consensus” on the formation of a new government and cabinet under the leadership of the group’s top spiritual leader, an official said. Taliban supreme commander Haibatullah Akhundzada will be the top leader of any governing council, Bilal Karimi, a member of the group’s cultural commission said on Wednesday. Mullah Abdul ...

Bloomberg Serbia is becoming less enthusiastic about the process of joining the European Union as the procedure drags on and its citizens don’t see progress, President Aleksandar Vucic said. Vucic, Serbia’s most powerful politician since the nation started accession talks in 2014, has repeatedly complained that EU leaders haven’t given his country and five other Balkan membership aspirants a timetable ...