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Cathay plans to cancel flights as quarantine rules hit crew

  Bloomberg Cathay Pacific Airways Ltd. will make “significant” changes to its flight schedule as Hong Kong further tightens quarantine restrictions for aircrew, dealing another blow to a carrier already reeling as the city’s borders remain largely closed. The airline is tentatively planning to cancel some passenger flights to and from the city through the first quarter of 2022, it ...

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US shopping visits to discount retailers surged in December

    Bloomberg Americans flocked to off-price retailers during the holiday period, with visits rising above pre-pandemic levels, according to new data. Foot traffic at T.J. Maxx and Marshalls, both owned by TJX Cos., rose 14.7% and 16.2%, respectively, from December 1 to Christmas Day compared with a year earlier, data from analytics firm Placer.ai show. Burlington Stores Inc.’s foot ...

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SenseTime jumps 23% on debut after IPO delayed by US sanctions

  Bloomberg Chinese artificial intelligence giant SenseTime Group Inc jumped on its first day of trading in Hong Kong after a rocky initial public offering that was delayed by concerns over fresh US sanctions. The stock gained as much as 23% in early trading before ending 7.3% higher, the biggest first-day gain since mid-July for any Hong Kong IPO that ...

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