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Kenya government drops plan to nationalise struggling airline

Bloomberg Kenya’s government has scrapped a plan to fully nationalise the partly state-owned airline and is looking at other ways to safeguard money it has loaned the carrier, according to the International Monetary Fund (IMF). It will cost a projected $1 billion to restructure Kenya Airways Plc and an injection of the funds by the state will be “unavoidable” as ...

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Miniso weighs Hong Kong listing in 2022

  Bloomberg Miniso Group Holding Ltd, a Chinese budget household and consumer goods retailer whose stock is already traded in New York, is considering a second listing in Hong Kong next year, people with knowledge of the matter said. The firm is working with Bank of America Corp and UBS Group AG on the proposed share sale, the people said, ...

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Biden signs law punishing China over Uyghur abuse

  Bloomberg President Joe Biden signed into law a bill banning goods from China’s Xinjiang region unless companies can prove they aren’t made with forced labor, a move that will add to tensions over Beijing’s treatment of the nation’s Uyghur minority. The bill passed with unanimous backing in both the House and Senate earlier this month, showcasing how Republicans and ...

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