German Chancellor Angela Merkel has been known to apologize publicly from time to time, both for what she considers her own mistakes and for government decisions that she feels are justified but that can make voters unhappy. The latest Merkel apology was special, though, because it came with an abrupt reversal of a decision Merkel had engineered in one of ...

Bloomberg Hennes & Mauritz AB (H&M) stores in some parts of China are being closed by their landlords as fallout from the fashion retailer’s statement about forced labour in the contentious region of Xinjiang continues to spread. At least six stores in the lower-tiered cities of Urumqi, Yinchuan, Changchun and Lianyunang have been shut down by the owners of the ...

Bloomberg Norwegian Air Shuttle ASA secured approval of its restructuring plans from an Irish High Court judge, paving the way for the discount carrier to exit insolvency and raise up to $582 million in fresh capital. The examinership process won legal backing after earlier gaining the support of the majority of Norwegian’s creditors and shareholders. The company will now submit ...