Hong Kong is no stranger to goodbyes. In the lead-up to the 1997 handover to China, thousands left, often for Canada and Australia. Now, hundreds of thousands more may be contemplating a new British immigration program aimed at providing solace to a former colony increasingly in Beijing’s grip. It’s a long-delayed wave of departures from a defunct empire, with all ...

Debt-ridden HNA Group Co, which splashed out over $40 billion on stakes in high-profile companies across the world, has been unwinding and selling down its assets fairly quickly. It didn’t even have to accept bargain-basement prices. The firm has been under the government’s watch for over a year. Why, then, is it going into bankruptcy? In a statement, the airlines-to-insurance ...

The European Commission’s fiasco over the vaccine rollout is above all else a terrible concern because of the potential cost in human lives. It also risks damaging Brussels’ reputation for technocratic competence with regard to its own citizens, giving fresh impetus to euroskeptic forces. It may diminish the European Union’s brand in the world, especially in those countries that might ...

Bloomberg Wizz Air Holdings Plc has a chance to become a force across Europe, using its low-cost structure and financial clout to capture a bigger share of the market when the coronavirus finally lets up. The Hungarian discount carrier has snapped up airport capacity in Italy, Germany, Norway and the UK during the pandemic, but the westward push has been ...

Bloomberg Future Retail Ltd’s dollar bonds plunged on an Indian court temporarily restraining parent Future Group from selling its retail assets to Reliance Industries Ltd, after Future’s partner Amazon.com Inc had sought the suspension. The Delhi High Court ordered the Future Group and Indian authorities to ensure the status of the indebted Indian retailer’s assets are maintained as is, putting ...

Bloomberg JetBlue Airways Corp has remodeled its premium Mint cabin for the company’s trans-Atlantic debut later this year, changing the seats into “suites” with sliding doors and adding two larger “studios.” The carrier will offer 24 premium berths on flights connecting New York and Boston with London, which are set to begin in the third quarter with single-aisle Airbus SE ...

Bloomberg Ulta Beauty Inc, US’s biggest cosmetics retailer, plans to increase spending on inclusion and antidiscrimination training programs and will boost the number of products for sale by Black-owned businesses as the industry tries to address racial inequality. Included in the commitment is $2 million for staff training this year to “ensure equality in guest experiences.” In 2019, several Ulta ...

Bloomberg Dennis Muilenburg, the former chief executive officer of Boeing Co who stepped down during the 737 Max crisis, has filed for a blank-check company. His special purpose acquisition company (SPAC) is called New Vista Acquisition and is seeking to raise $200 million, a filing showed, which confirmed an earlier Bloomberg News report. It intends to focus on finding a ...

Bloomberg Hormel Foods Corp is nearing a deal to buy the Planters snack business from Kraft Heinz Co in a deal valuing the peanut brand at about $3 billion, according to a person familiar with the matter. A deal could be reached as soon as next week, according to the person, who did not want to be identified discussing the ...

Bloomberg Myanmar authorities filed criminal charges against former leader Aung San Suu Kyi for possessing illegally imported walkie-talkies just days after the military ousted her government in a coup. Suu Kyi was charged for breaching an import-export law and faces as many as three years in prison if convicted. The police incident report indicated that unauthorised telecommunications equipment was found ...