Bloomberg The number of empty storefronts is surging in midtown Manhattan, where an absence of tourists and office workers has hammered the retail industry during the pandemic. Nearly 30% of 311 storefronts were vacant in the retail corridors near Grand Central and Midtown East as of the end of September, roughly double the historical rate, according to a report from ...

Bloomberg Levi Strauss & Co’s strong quarter is sending a clear message to the rest of the apparel industry: There’s value in spreading out manufacturing. Chief Executive Officer Chip Bergh said the denim maker sources less than 4% of its goods from Vietnam — which has faced factory shutdowns recent due to Covid-19 outbreaks — and tries not to have ...

Bloomberg Taiwan President Tsai Ing-Wen said the island is facing “unprecedented challenges” and will defend its sovereignty, pushing back after Chinese leader Xi Jinping declared a day earlier that unification will be achieved. Taipei hopes for an easing in cross-strait ties, and resolving differences requires dialogue on the basis of parity, Tsai said in a televised National Day address on ...