Bloomberg Wilko has secured a £40 million ($48 million) credit facility from Hilco Capital Ltd to help the UK household and garden retailer weather the cost-of-living crisis. The two-year facility is in addition to £48 million Wilko recently received from the sale and leaseback of its distribution centre, according to an emailed statement. The privately-held 92-year-old business is also …

  Bloomberg Cathay Pacific Airways Ltd will more than double its flights to mainland China to 61 return services a week from January 14 following the easing of Covid travel restrictions. Cathay aims to operate over 100 return flights a week by March, it said in a statement. The airline currently operates 27 flights a week from Hong Kong to …

  Bloomberg Hong Kong’s retail sales unexpectedly dropped in November by the most in eight months as the city struggled to shake off the lingering effects of its pandemic-era controls and a slowing global economy. Retail sales value fell 4.2% from a year ago, the Census and Statistics Department said. That was far worse than the forecast for a 4.8% …