Bloomberg Nike Inc., which was cited in the so-called Paradise Papers for funneling billions of dollars into offshore tax havens, is now facing a push by organised labour to stop the practice. The AFL-CIO, a federation of 56 unions that represent 12.5 million workers, said it sent a shareholder proposal to the company. The document asks the world’s largest sports ...

Bloomberg UK unemployment held at a 42-year low in the third quarter but there are signs that the labour market is slowing as the number of people in work fell for the first time in a year. The jobless rate averaged 4.3 percent between July and September, the Office for National Statistics said. But employment fell by 14,000, the first ...

Bloomberg BMW AG’s plan to switch exclusively to green electricity finds it tapping some unusual power sources, including a South African biomass plant that runs on cow dung and chicken droppings. The arrangement is part of the carmaker’s bid to shift all its external power purchases to renewables by 2020, up from 63 percent last year, head of procurement Markus ...

Bloomberg European officials have identified summits early next year where they could seek a breakthrough in Brexit talks, as the European side is bracing for a crunch meeting in December to end in failure, three people familiar with the negotiations said. The view in Brussels is that it’s up to the UK to make concessions before the EU will agree ...

Bloomberg Chinese President Xi Jinping is dispatching a special envoy to visit North Korea this week, shortly after he hosted US counterpart Donald Trump in Beijing. Song Tao, head of the Chinese Communist Party’s International Liaison Department, will visit Pyongyang on Friday to brief North Korean officials about last month’s once-in-five-year leadership reshuffle, according to the official Xinhua News Agency. ...

Bloomberg Thailand said it remains on course for elections next year and that curbs on political parties will soon be eased, as pressure mounts on the military government to roll back restrictions on campaigning. Prime Minister Prayuth Chan-Ocha said last month a vote will be held in November 2018, though analysts are concerned the military will seek to retain power. ...

Bloomberg Kenya is facing an economic storm in 2018 in the aftermath of two disputed elections. Saddled with the triple threat of austerity measures to pay for those votes, slowing credit growth and new accounting rules for banks, Kenya now risks missing the government’s forecast for 6 percent economic growth next year, according to lenders including Nairobi-based Stanbic Bank Kenya ...

Bloomberg The armed forces seized power in Zimbabwe after a week of confrontation with President Robert Mugabe’s government and said the action was needed to stave off violent conflict in the southern African nation that he’s ruled since 1980. The Zimbabwe Defense Forces will guarantee the safety of Mugabe, 93, and his family and is only “targeting criminals around him ...

American and other securities firms scored what looks like a big win when China announced new rules allowing them to own 51% stakes in joint ventures. It’s just the sort of market-opening move President Donald Trump was seeking on his first trip as president to Beijing. Except Trump didn’t know it was coming. He didn’t even ask for it in ...

How to make HK$700,000 ($90,000) in one day? It’s not as hard as you might think: More than 250 investors just did exactly that by buying into China Literature Ltd.’s initial public offering. IPOs are hot again in Hong Kong, underpinned by the enthusiasm of individual punters. The retail portion of China Literature’s sale was more than 600 times oversubscribed, ...