Bloomberg With millions of Americans still sheltering in place and cooking their own meals, the grocery industry has been one of the few bright spots in an otherwise battered US economy. Unless, that is, you are Whole Foods Market, the upscale chain acquired three years ago by Amazon.com Inc. Trips to Whole Foods in September were down 25% from a ...

Bloomberg AirAsia X Bhd’s restructuring plan was met with bleak forecasts and ratings from analysts as well as a 10% drop in its share price, underscoring the daunting challenges that lie ahead for the grounded carrier. Public Investment Bank Bhd maintained its underperform rating and 1 sen price target on the airline, the long-haul arm of AirAsia Group Bhd. Max ...

Bloomberg Airbus is betting that its corporate-jet division won’t be as hard hit by the pandemic as commercial flights as the planemaker unveiled a business version of its A220 model. The aircraft will have three times more cabin space and cost about a third less to run than competing models, said Airbus, which took over the development of the plane ...

Bloomberg Democratic presidential nominee Joe Biden stood in front of the Civil War battlefields of Gettysburg to offer a pledge to unify the country as his campaign entered its final four weeks and his support appears to be growing. “Today, once again, we are a house divided,” Biden said using a phrase made famous by President Abraham Lincoln. “This must ...

Bloomberg The US Embassy in Phnom Penh said on Wednesday it was “disappointed” Cambodia had razed an American-built military facility that symbolised friendship between the countries. Located within the Ream Naval Base along Cambodia’s southwestern coast, the US-funded maritime security facility was reported to have been demolished last month, raising concerns it was done to facilitate hosting Chinese soldiers and ...

Bloomberg Lesotho’s government is seeking to regulate online behaviour with a law compelling social-media users to obtain a so-called internet broadcasting allowance, as unease about digital platforms grows in some African countries. Under the proposed bill, an internet broadcaster is anyone who posts any text, image or photograph that’s accessible to at least 100 users or anyone who has more ...

Bloomberg Angela Merkel and her European allies are preparing to retaliate against Vladimir Putin’s government over the poisoning of one of his top critics but their plans may not make much of an impression on the Kremlin. Although countermeasures are all but inevitable, the European Union action may consist of asset freezes and travel bans for Russian officials, according to ...

Bloomberg Vietnamese blogger and democracy activist Pham Thi Doan Trang, 42, was detained on charges of creating, storing and spreading anti-government documents, the Ministry of Public Security said on its website. The arrest came a few hours after the annual human rights dialog between the United States and Vietnam, Phil Robertson, deputy Asia Director of Human Rights Watch, said in ...

Bloomberg The European Union looks (EU) set to launch a foray into social bonds, a market that has already swelled four-fold this year to fund projects to help societies recover from the coronavirus. The bloc’s first ever social bond sale is expected to come in the second half of October, as part of up to 100 billion euros ($118 billion) ...

Bloomberg The longest-maturity Treasury yield surged to a three-month high as traders adjusted their election bets. The yield curve steepened as the 30-year rate climbed more than nine basis points to 1.581%, the highest level since June 10, driving the widely watched 5- to 30-year spread to a peak of almost 125 basis points. Rates moved as US President Donald ...