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South African mulls share sale for cash

Bloomberg South African Airways could sell shares to public as the state-owned carrier seeks ways to end years of losses and reduce the need for bailouts, according to people familiar with the matter. The move would enable the government to cut its stake in much the same way as it did with former phone monopoly Telkom SA SOC Ltd. almost ...

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Richemont slumps as Cartier owner signals China slowdown

Bloomberg Richemont slumped after the Swiss luxury-goods maker signaled that the recent boom in China is over and warned that a trade war could dent demand for Cartier necklaces and Piaget watches. The stock fell as much as 5.4 percent in early trading. Richemont reported an unexpected decline in first-half operating profit amid M&A-related costs and as the company sold ...

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UK asks fast fashion to explain climate impacts

Bloomberg UK lawmakers have written to the heads of online retailers including Amazon.com Inc. and Asos Plc to seek evidence about the environmental and social impacts of selling cheap clothes. The letter to the head of Amazon in the UK was prompted by evidence given to a panel of British politicians that heard the demand for affordable garments online is ...

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