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Levi’s global factory footprint pays off

Bloomberg Levi Strauss & Co’s strong quarter is sending a clear message to the rest of the apparel industry: There’s value in spreading out manufacturing. Chief Executive Officer Chip Bergh said the denim maker sources less than 4% of its goods from Vietnam — which has faced factory shutdowns recent due to Covid-19 outbreaks — and tries not to have ...

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Taiwan pushes back as China’s president calls for unification

National day in taiwan

Bloomberg Taiwan President Tsai Ing-Wen said the island is facing “unprecedented challenges” and will defend its sovereignty, pushing back after Chinese leader Xi Jinping declared a day earlier that unification will be achieved. Taipei hopes for an easing in cross-strait ties, and resolving differences requires dialogue on the basis of parity, Tsai said in a televised National Day address on ...

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Ethiopia to carve out 11th state after autonomy vote

Ethiopian prime minister abiy ahmed ali

Bloomberg Ethiopians in the south of the country have voted almost unanimously to have their own state, part of a push for increased autonomy that’s intensified since Prime Minister Abiy Ahmed took office in 2018. South West will become Ethiopia’s 11th state after 1.26 million Ethiopians in six zones and one locality took part in a September 30 referendum. About ...

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