Bloomberg ThredUp Inc., the online marketplace for secondhand clothing, climbed 43% in its trading debut after a $168 million initial public offering (IPO). ThredUp, whose shares sold for $14 in the IPO, opened at $18.25 and closed at $20, giving the company a market value of $1.8 billion. While US -based ThredUp is a favourite of sustainability-minded younger shoppers, its focus …

Bloomberg The UK’s biggest retailers face a potential 8 billion-pound ($11 billion) legal fight after Asda Group Ltd. lost a top court ruling in an ongoing equal pay dispute. The UK Supreme Court ruled that the salaries earned by women who work in grocery stores could be compared to men who predominantly work in warehouses. The case will return to …

Bloomberg Intel Corp. unveiled an ambitious bid to regain its manufacturing lead by spending billions of dollars on new factories and creating a foundry business that will make chips for other companies. The plan, launched by new Chief Executive Officer Pat Gelsinger, is an aggressive move that puts Intel into direct competition with Taiwan Semiconductor Manufacturing Co., the world’s most-advanced …