Bloomberg Gap Inc. is weighing options including a potential sale for its China business, according to people with knowledge of the matter, as the US clothing retailer looks to revamp the operation in the world’s second-largest economy. The company is working with Morgan Stanley to study options and has reached out to prospective suitors to gauge interest for the business, ...

Bloomberg The US accepted a troop-funding increase from South Korea significantly less than demanded by the Trump administration, underscoring President Joe Biden’s efforts to ease tensions with a key ally often criticised by his predecessor. South Korea agreed to pay 1.18 trillion won ($1.04 billion) to the US for security this year, about a 14% increase from 2019, the Foreign ...

Bloomberg Libyan lawmakers approved the country’s first unified government in about seven years, overcoming a major hurdle in a fragile political reconciliation that’s supposed to end almost a decade of conflict. Lawmakers overwhelmingly backed Prime Minister Abdul Hamid Mohammed Dbeibah’s proposed transitional administration during a third joint session of the North African nation’s two rival assemblies. The new cabinet, made ...