Bloomberg Prada SpA returned to profit in the second half of 2020 amid a recovery in Asia, joining other luxury brands in bouncing back from the worst of a pandemic-induced slump. Earnings before interest and taxes will turn positive in the last six months of last year after a deficit in the first half, the Italian fashion company said. Prada ...

Bloomberg Next Plc is learning to live with lockdowns. Chief Executive Officer Simon Wolfson said the worsening pandemic and the UK’s new Covid-related restrictions won’t ruin the whole year as the clothing chain is better prepared now than during previous closures. “This is traditionally the quietest time of year, so I don’t expect the impact to be as big as ...

Bloomberg US intelligence agencies and the Federal Bureau of Investigation (FBI) said a major hack of the federal government and some corporations was likely undertaken by Russia — contradicting President Donald Trump’s efforts to suggest China might be responsible — and “will require a sustained and dedicated effort to remediate.” The FBI is still focused on identifying victims, collecting and ...