A global shortage of semiconductor chips is ravaging supply chains and hasn’t shown signs of abating. Don’t be surprised if it lasts another year. Carmakers from Ford Motor Co to General Motors Co and Toyota Motor Corp have cut production because of it. Several continue to idle assembly lines across the world. US senators are now urging the White House ...

It’s clear that Representative Marjorie Taylor Greene doesn’t care too much what her congressional colleagues think of her: The day after she was stripped of her committee assignments in response to her long trail of vile QAnon-related rhetoric, she was boasting in person and on Twitter about how the sanction just means she will have more free time. Just as ...

Bloomberg Tesco Plc is leading calls for an online sales tax to be imposed on digital retailers such as Amazon, as UK Chancellor of the Exchequer Rishi Sunak weighs up reforms to business levies ahead of next month’s budget. The bosses of supermarkets, retail property owners and other store chains are pushing for action to ease their tax burden with ...

Bloomberg Boohoo Group Plc snapped up remaining brands from Philip Green’s failed Arcadia Group Ltd after the UK online retailer’s rival Asos Plc acquired the flagship Topshop and other labels. In a fresh sign of the growing dominance of online fashion retailers amid the pandemic, Boohoo agreed to buy the Dorothy Perkins, Burton and Wallis brands for just over 25 ...

Bloomberg The UK will require travellers arriving from coronavirus hot spots to quarantine in hotels starting February 15, almost three weeks after the plan was announced by Prime Minister Boris Johnson. Arrivals from countries on the UK’s travel ban list will be required to isolate for 10 days in government-approved accommodation, the Department for Health and Social Care said in ...

Bloomberg Countries could relax border controls and allow more travel if there’s a set of standards for vaccine certification that immigration authorities can use to help determine entry policies, Singapore Transport Minister Ong Ye Kung said. “That is really the light at the end of the long tunnel,” Ong said in an interview with Bloomberg Television on Monday. “With vaccination ...

Bloomberg Kohl’s Corp’s sales fell in the past quarter as the pandemic continues to roil the retail world, but Chief Executive Officer Michelle Gass sees plenty of reason for optimism. The retail chain’s digital revenue remains elevated and profitability is improving, Gass said in an interview. And while the company’s preliminary fourth-quarter results showed an 11% decline in same-store sales ...

Bloomberg Rolls-Royce Holdings Plc plans to shutter civil aerospace production for two weeks over the summer, cutting pay for 19,000 workers as the coronavirus crisis stunts demand for airliner engines. The measures relate to negotiations with unions announced last summer and will affect 12,500 people in the UK, where Rolls-Royce is based, a spokesman said. The salary reduction will be ...

Bloomberg The military coup in Myanmar has gone past the point of no return, according to a confidential UK foreign office assessment, in a sign that major democracies expect to have limited ability to influence the events unfolding inside the country. The bleak view from a senior British diplomat concludes the coup is irreversible, and that army chief Min Aung ...

Bloomberg China has formally arrested an Australian citizen who was formerly a news anchor for Chinese state television, escalating a case that has contributed to tensions between Beijing and Canberra. Cheng Lei, a Chinese-born Australian who most recently worked for state broadcaster CGTN, was formally arrested in China on February 5 following six months of detention, the office of Australian ...