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Mike Ashley to offer lifeline to Arcadia Group

Bloomberg Mike Ashley, the founder of the Sports Direct sportswear chain, is prepared to offer a 50 million-pound ($66.5 million) loan to Philip Green’s Arcadia Group, which is teetering on the brink of administration, Sky News reported. The board of Frasers Group Plc, run by Ashley, has drawn up plans for an emergency loan to Arcadia, Sky reported, citing Chris ...

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Malaysia’s embattled leader urges allies to stand together

Bloomberg Malaysian Prime Minister Muhyiddin Yassin called on members of the ruling coalition to strengthen cooperation ahead of a general election he intends to hold once the virus pandemic subsides. The premier acknowledged the tense ties between his Bersatu party and rival turned key ally United Malays National Organization (UMNO), which controls the most parliament seats in his coalition. Steps ...

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42 dead in Boko Haram attack on rice farmers

Bloomberg Nigeria said Boko Haram insurgents attacked rice farmers in the country’s northeast, leaving at least 42 of them dead. Insurgents ambushed farmers who had gone into rice fields in the Jere district of Borno state to bring in their harvest, according to a Nigerian presidency statement on Twitter. “I condemn the killing of our hardworking farmers by terrorists,“ President ...

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