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Singapore Air extends ‘F1 Grand Prix’ deal

  Bloomberg Singapore Airlines Ltd extended its sponsorship of the Formula One’s Singapore Grand Prix for three more years, the national carrier said. The extension will start with this year’s race to be held from September 30 to October 2, the company said in a statement. The city-state said in January it will host the event after a two-year hiatus ...

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Shein’s breakneck growth slows, testing $100b valuation

  Bloomberg Shein, the Chinese fast fashion giant that’s quickly become the third-most valuable startup in the world, is seeing a reality check with sales growth slowing from the lofty heights of the pandemic, just as it faces mounting pressure to live up to a $100 billion valuation. The online-only retailer of inexpensive clothes, beauty and lifestyle products has become ...

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Nato prepares to add Finland, Sweden to northern defenses

Bloomberg Nato members rallied around Finland and Sweden after they announced plans to join the alliance, marking another dramatic change in Europe’s security architecture triggered by Russia’s war in Ukraine. Parliaments in the Nordic nations debated the membership, with a large majority of lawmakers in each country now backing the bid. Over the weekend, most Nato foreign ministers who had ...

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