Bloomberg Crocs Inc tumbled the most in more than a year after agreeing to buy casual-shoe brand Heydude for $2.5 billion in an effort to bolster its fast-growing business of offbeat footwear. The purchase will be funded by $2.05 billion in cash and $450 million in Crocs shares issued to Heydude founder Alessandro Rosano, according to a statement. Crocs …

  Bloomberg Hong Kong will mandate three-day hotel quarantines for air cargo crew, as the Asian city steps up efforts to prevent any local transmission of the contagious omicron Covid-19 variant. “We have to balance between the risk of infectious disease outbreaks and the cargo operation,” Edwin Tsui, controller of the Center for Health Protection, said at a press briefing …

  Bloomberg A powerful storm rammed western Japan with record snowfall, disrupting flights, train travel and leaving hundreds without power. Snowfall surpassed 70 centimetrs (28 inches) in the cities of Hikone and Maizuru, in the prefectures of Shiga and Kyoto, respectively, data from the Japan Meteorological Agency showed. Obama city in Fukui, Japan’s coastal region, received record snowfall for this …