Bloomberg Lucky Brand Dungarees and affiliates, known for jeans and other apparel, filed for bankruptcy in Delaware after the coronavirus pandemic scuttled restructuring efforts. The closely-held company has entered into an asset purchase agreement with SPARC Group, which operates brands including Aéropostale and Nautica, for the sale of “substantially all” of its operating assets, according to a company statement. ABG-Lucky, ...

Bloomberg Prime Minister Justin Trudeau is suspending Canada’s extradition treaty with Hong Kong, making it the first country to break law enforcement links with the former British colony since China tightened its control over the territory. Trudeau announced the measures at a press conference, joining allies in efforts to sanction China. Steps will include a ban on the export of ...

Bloomberg The US is sending the USS Ronald Reagan and USS Nimitz aircraft carriers to the South China Sea for military exercises as China ramps up its own drills in the area, drawing protests from Washington. Dual carrier operations and exercises are being conducted in “international waters of the South China Sea to support a free and open Indo-Pacific,” the ...