Bloomberg Countries from around the world are stepping up measures to shield their populations from the Covid-19 outbreak in China that comes as a more transmissible variant of the virus boosts infections globally. Portugal has joined the roster of European nations that will require a negative Covid-19 test for passengers from China, while Germany is discouraging all non-essential travel to …

Bloomberg Macy’s Inc expects to report fourth-quarter sales that were weaker than previously forecast and sees continued pressure on the consumer in 2023. Net sales are now expected to be at the low end to midpoint of the previously issued range of $8.2 billion to $8.4 billion, Macy’s said. The company reiterated its previous guidance for adjusted earnings per share …

  Bloomberg Party City Holdco Inc is laying the groundwork for a bankruptcy filing within weeks that may end with creditors taking ownership of the retailer, according to people with knowledge of the situation. The company will likely miss a coupon payment due in mid-February and could seek reprieve from its creditors to negotiate a restructuring, according to the people, …