Bloomberg ThredUp Inc., the online marketplace for secondhand clothing, climbed 43% in its trading debut after a $168 million initial public offering (IPO). ThredUp, whose shares sold for $14 in the IPO, opened at $18.25 and closed at $20, giving the company a market value of $1.8 billion. While US -based ThredUp is a favourite of sustainability-minded younger shoppers, its focus ...

Bloomberg The UK’s biggest retailers face a potential 8 billion-pound ($11 billion) legal fight after Asda Group Ltd. lost a top court ruling in an ongoing equal pay dispute. The UK Supreme Court ruled that the salaries earned by women who work in grocery stores could be compared to men who predominantly work in warehouses. The case will return to ...

Bloomberg Dozens of Myanmar protesters died in demonstrations on a holiday once known as Resistance Day, as both the junta and those against its February coup showed no signs of backing down from weeks of conflict. At least 77 people in 36 townships were killed on Saturday during crackdowns by the military, according to rights group Assistance Association for Political ...