Asia’s richest man has promised to accelerate what he claims will be a “momentous leadership transition” to the next generation. Just how Mukesh Ambani will carve up his $217 billion empire is still under wraps, but one thing is clear: The eagerly anticipated corporate succession will be underpinned by the emergence of at least three superstar businesses, each of ...

Wall Street is desperately trying to figure out where consumer demand is going. Alongside sentiment and sales, there’s another indicator worth watching: shoplifting. This metric is rarely talked about. It’s uncomfortable for retail executives to acknowledge that their customers, or worse still, their employees, are stealing from them. But theft has long been a bugbear for retailers, and it’s now ...

  Less than a year after canceling former President Donald Trump’s “remain in Mexico” policy towards migrants attempting to enter the US, the Biden administration has started enforcing it again — all too reluctantly. Restoring the policy is a necessary step towards gaining control over the crisis at the country’s southern border. The administration should work with Mexico to make ...

  On the anniversary of the January 6, 2021 storming of the US Capitol by supporters of former President Donald Trump, we still scarcely able to believe that such an event occurred. But the lawyer in us is pleased to see the criminal justice process moving forward. According to Politico’s tracker, the 700-odd arrests of accused rioters have resulted so ...

  Bloomberg Allegiant Airlines tumbled the most in 18 months after the carrier reversed its strategy of keeping costs in check by flying only Airbus SE planes, ordering 50 Boeing Co. 737 Max jets. Under the deal, which has a total value approaching $2.5 billion, the airline will buy two versions of the Max to be delivered from 2023 through ...

  Bloomberg Malaysia’s biggest electronics retailer Senheng New Retail Bhd., which is set for a debut this month on the local exchange, is aiming to double its market share by 2025 as it expands its brick-and-mortar and virtual stores. In an interview before the January 25 listing, Chairman Lim Kim Heng said that his target is to capture 30% of ...

  Bloomberg Cathay Pacific Airways Ltd. will operate only about 20% of its pre-pandemic cargo capacity this month, a sharp reduction in what has been a rare bright spot during the most challenging period in the carrier’s history. While the Hong Kong-based airline will resume some long-haul cargo services from Friday after a weeklong suspension, the January schedule is way ...

  Bloomberg Nike Inc sued Lululemon Athletica Inc claiming its Mirror Home Gym and mobile app infringes its patents for digital home exercise equipment. The Nike suit is the latest in the thriving home fitness industry, where companies are turning to the courts to protect their own products from competition while expanding into new lines of business. Lululemon, once solely ...

  Bloomberg The UK will no longer require vaccinated travellers to take a Covid-19 test before boarding a flight to the country, after airlines hard-hit by the Omicron variant lobbied for the rules to be eased. A lateral-flow test must still be taken within two days of entering England, but the requirement for a more-costly PCR assessment will be eliminated, ...

  Bloomberg Russia and its allies sent troops to help quell protests in Kazakhstan that posed the biggest threat to the central Asian country’s leadership since it gained independence in 1991. Dozens of anti-government protesters were killed by security forces and hundreds wounded, authorities said Thursday, after President Kassym-Jomart Tokayev announced an “anti-terrorist operation” to put down the demonstrations. He ...