Bloomberg US retailers are bracing for more returns than usual, adding stress to an industry already grappling with increasing labor costs and supply-chain issues. Shoppers are expected to return more than $761 billion in merchandise sold last year, representing about 16.6% of total US retail sales, according to a survey of retailers. That’s up from 10.6% during 2020. Fraudulent ...

  Bloomberg Boris Johnson promised his Conservative Party an overhaul of his top team as he strives to keep his job after a series of gaffes and scandals. Two rapid appointments over the weekend may already be too late. Reeling from the resignation of five aides in 24 hours last week, the UK prime minister moved quickly to fill key ...

  Bloomberg The US and its allies need to push back harder against China after they “acquiesced and allowed” Beijing to expand its footprint in the South China Sea over the past decade, Australia’s Defense Minister Peter Dutton said. “If we continue on that trajectory, then I think we’ll lose the next decade,” Dutton said in an interview with the ...