Bloomberg After several quarters on the bench, Nike Inc. has finally healed the damage inflicted by Adidas AG. Nike increased sales in North America for the first time in a year, after its smaller European rival had been outmaneuvering the sneaker giant on its home turf. Nike’s improved performance, sparked by new products and a smartphone shopping app, unleashed a …

Bloomberg Indonesia’s Bali airport resumed services after a halt caused by a fresh eruption at the Mount Agung that sent volcanic ashes several miles high into the sky above the popular tourist island. The airport opened at 2.30 pm local time on June 29, according to its twitter feed. The shutdown, the second in seven months, led to cancellation of …

Bloomberg China Southern Airlines Co. will invest 10 billion yuan ($1.5 billion) in Xiongan, the new city spearheaded by Chinese president Xi Jinping that aspires to be a model for China’s future urban development. The airline operator will allocate 2.5 billion yuan in cash and 7.5 billion yuan in tangible assets to set up a subsidiary called China Southern Airline …