Bloomberg Mike Ashley, the founder of the Sports Direct sportswear chain, is prepared to offer a 50 million-pound ($66.5 million) loan to Philip Green’s Arcadia Group, which is teetering on the brink of administration, Sky News reported. The board of Frasers Group Plc, run by Ashley, has drawn up plans for an emergency loan to Arcadia, Sky reported, citing Chris ...

Bloomberg Malaysian Prime Minister Muhyiddin Yassin called on members of the ruling coalition to strengthen cooperation ahead of a general election he intends to hold once the virus pandemic subsides. The premier acknowledged the tense ties between his Bersatu party and rival turned key ally United Malays National Organization (UMNO), which controls the most parliament seats in his coalition. Steps ...

Bloomberg Nigeria said Boko Haram insurgents attacked rice farmers in the country’s northeast, leaving at least 42 of them dead. Insurgents ambushed farmers who had gone into rice fields in the Jere district of Borno state to bring in their harvest, according to a Nigerian presidency statement on Twitter. “I condemn the killing of our hardworking farmers by terrorists,“ President ...

Bloomberg President Donald Trump isn’t abandoning his drive to overturn the election results in Wisconsin, despite state officials announcing a recount in Milwaukee county had only added to Democrat Joe Biden’s lead. “The Wisconsin recount is not about finding mistakes in the count, it is about finding people who have voted illegally, and that case will be brought after the ...

Bloomberg Forces in Ethiopia’s embattled Tigray region fired missiles towards the capital of neighbouring Eritrea for a second consecutive day after Ethiopian federal troops routed them from their own regional capital, according to foreign diplomats with knowledge of the attack. Officials from the Tigray People’s Liberation Front have blamed Eritrea for helping Ethiopia Prime Minister Abiy Ahmed advance against them ...

Bloomberg Hong Kong’s Chief Executive Carrie Lam says that she has “piles of cash” at home because she is denied basic banking services due to US sanctions. In an interview, Lam said the Hong Kong government has to pay her in cash because she does not have a bank account following sanctions imposed by the US on her and other ...

Bloomberg The Somali military executed three members of the Al-Shabab extremist group who were convicted of several killings in the capital Mogadishu. The three included Mohamed Haji Ahmed Ilkacase, chief of Al-Shabab’s assassination unit in Mogadishu, according to military court officials. They were executed by firing squad on Sunday, the attorney general of the Somali military court, Abdullahi Bulle Kamey, ...

Bloomberg Vice President-elect Kamala Harris dismissed the prospect of a rematch against President Donald Trump, who’s been signalling he could run again in 2024 if he can’t reverse the results of this month’s vote. Speaking to reporters at a holiday market in Washington, Harris made a scoffing sound when asked whether she and President-elect Joe Biden would be prepared to ...

Bloomberg British banks are finalising plans for outsourcing the recovery of billions of pounds in taxpayer-backed business loans issued during the Covid-19 pandemic. A consortium of lenders is expected to set up an entity that will oversee debt collectors tasked with chasing bad loans, people with knowledge of the matter said. A final decision is expected in early December, said ...

Bloomberg JPMorgan Chase & Co and Lloyds Banking Group Plc have expressed interest in buying Starling Bank Ltd, a British challenger startup lender, the Times reported. The sale of Starling could lead to the first big merger of an established lender with a startup in Britain, the newspaper said, without identifying its sources. American giant JPMorgan is preparing to launch ...