Bloomberg Lululemon Athletica Inc employees will vote this month on unionising a store in Washington, testing the strength of an organising wave that’s been sweeping through previously union-free US retail firms. The US National Labor Relations Board has approved an agreement between the company and the new labor group organising the location, the Association of Concerted Educators (ACE), to ...

  Bloomberg The UK and China have agreed to resume direct passenger flights, a sign that Chinese authorities are slowly loosening their grip on the world’s tightest Covid-19 regime and opening up to travel again. Chinese airlines will offer the first flights and work is ongoing to resume routes for UK carriers, the British Embassy in China said in a ...

  Bloomberg The investment giant’s board approved on Wednesday the early physical settlement of prepaid forward contracts corresponding to about 242 million American Depositary Receipts. After the settlement, which will run from August to September, its stake in China’s e-commerce leader will fall to 14.6% from 23.7% as of the end of June. The move raises the likelihood that SoftBank ...

  Bloomberg Tech shares led a broad slump in Chinese stocks on Wednesday, as investors turned cautious over worries about the nation’s fragile economic recovery and potential market impact from US inflation data. Hong Kong’s Hang Seng Tech Index dropped 2.8%, with electric vehicle makers Nio Inc and XPeng Inc the worst performers. The benchmark Hang Seng Index slid 2%. ...

Bloomberg Boeing Co is poised to resume deliveries of its 787 Dreamliner jets as soon as August 10, almost two years after they were disrupted by manufacturing flaws. The first is set to go to American Airlines Group Inc now that US regulators have cleared the Arlington, Virginia-based planemaker to restart deliveries. The carrier plans to take the Dreamliner, its ...

  Bloomberg Thai Airways International Pcl will receive key financial support from the government for its 80 billion baht ($2.3 billion) capital raising and debt-to-equity swap plan aimed at helping the state-controlled carrier come out of its pandemic-induced bankruptcy. State-owned banks will lead in funding new loans, converting debt and injecting equity capital into Thai Air as part of a ...

Bloomberg Whole Foods Market co-founder John Mackey is planning a second act when he retires from the Amazon-owned grocer next month: building a chain of plant-based restaurants and wellness centres that offer fitness and spa services. Corporate records list Mackey, 68, as a partner in Healthy America LLC, a startup that raised about $31 million from investors earlier this year ...

Bloomberg Britons booking a break in some of Europe’s most popular holiday destinations this summer are seeing airfares climb by almost a third amid booming demand, high oil prices and curbs on airline capacity. Fares in the first week of August, the peak month for UK travel, were up 30% on average for the top 36 routes compared with pre-pandemic ...

  Bloomberg Hong Kong’s move to reduce mandatory hotel quarantine for international travellers isn’t enough to bring back tourists, according to Association of Asia Pacific Airlines Director General Subhas Menon. “It’s not time to bring out the bubbly,” Menon, whose group represents 14 Asia Pacific carriers including Cathay Pacific Airways Ltd said in an interview with Bloomberg Television. “It’s always ...

  Bloomberg Chinese e-commerce giant Alibaba Group Holding Ltd let go of 9,241 employees in the three months to June, according to the company’s latest filing. The Hangzhou-based firm reported it had just over 245,000 employees at the end of the most recent reporting quarter, cutting back during a period that marked its first ever contraction in revenue. Alibaba also ...