Bloomberg Cathay Pacific Airways Ltd’s first-half loss narrowed from a year earlier as the Hong Kong-based carrier slashed costs and cargo operations helped offset feeble passenger traffic. The airline reported a net loss of HK$7.6 billion ($977 million) in the six months through June, compared with a HK$9.9 billion deficit in the same half of 2020. Sales dropped 43% to ...

Bloomberg Kitu Life Inc, the startup behind Super Coffee that counts Jennifer Lopez and Alex Rodriguez among its investors, has more than doubled its valuation to over $500 million with its latest round of funding. Henry Ellenbogen’s Durable Capital Partners led the $106 million round. Other participants include LivWell Ventures, the family office of Nutrabolt Chief Executive Officer Doss Cunningham, ...

Bloomberg North Korea threated a “security crisis” over US-led military drills, in what appeared to be a campaign to pressure South Korea’s pro-engagement president for greater support before he leaves office next year. Training exercises scheduled to start on Monday risk sinking a two-week-old deal between Seoul and Pyongyang to improve ties, said Kim Yong Chol, a North Korean ruling ...