Bloomberg Traveling to Hong Kong isn’t set to get much easier once a ban on flights from nine countries including the US and the UK is lifted, with Cathay Pacific Airways Ltd planning just one inbound flight every two weeks. The airline said it isn’t able to expand its schedule any more than what it was planning due to “the ...

  Bloomberg Nike Inc shares jumped in late trading after quarterly results beat analysts’ expectations, showing the world’s largest athletic-wear retailer is overcoming struggles with its supply chain and weakness in China. Global sales rose 5% to $10.9 billion for the third quarter, beating Wall Street’s estimates. Revenue outpaced expectations in all regions, including Greater China, where sales fell less ...

Bloomberg Carrefour SA is in advanced talks to sell a controlling stake in its Taiwanese operations to its local minority partner Uni-President Enterprises Corp, according to people familiar with the matter. Uni-President has emerged as the likeliest buyer for the French grocer’s 60% of the business, the people said, asking not to be identified because the matter is private. The ...

  Bloomberg Kohl’s Corp said it has authorised Goldman Sachs Group Inc to coordinate with select bidders for the retailer so they can “refine and improve” their offers with proof of financing and binding documentation. Kohl’s said in a statement that it has received multiple preliminary indications of interest that are nonbinding and don’t have committed financing. Separately, the company ...

  Bloomberg Alibaba Group soared 11% after ramping up its share buyback program to $25 billion, fuelling hopes that Beijing is easing off an internet crackdown that wiped out $470 billion of the e-commerce giant’s value. The board approved the program, which will run for two years through to March 2024, the company said. It also appointed a new independent ...

  Bloomberg A Russian court on Tuesday sentenced jailed opposition leader Alexey Navalny to nine years in a high-security prison in a ruling that will keep President Vladimir Putin’s top critic sidelined amid a harsh crackdown on the opposition. Navalny, who is currently serving a two-and-a-half year sentence that the European Court of Human Rights called politically motivated, in a ...

Bloomberg Russia’s cancellation of talks to resolve a decades-old territorial dispute with Japan, which the Kremlin dismissed as a “ritual,” exposed a deepening rift between the two neighbors over Ukraine. Dmitry Medvedev, a former Russian president who’s now deputy head of the country’s Security Council, delivered his terse assessment of the talks on his Telegram channel on Tuesday. Medvedev said ...

  Bloomberg US President Joe Biden’s warning of unspecified consequences if China supports Russia has smaller Asian nations worried they’ll be subject to similar penalties for maintaining neutrality over Vladimir Putin’s war. Southeast Asia will host two meetings later this year — the Group of 20 summit and the Asia-Pacific Economic Cooperation forum, or Apec — that would normally bring ...

  Bloomberg Serbia angrily disputed a suggestion from European Union member Lithuania that the Balkan state may be punished for refusing to join sanctions against Russia even as Belgrade seeks to join the bloc. Serbia has been balancing its EU entry aspirations with keeping close ties with traditional ally Russia, which provides energy supplies and political support in feuds with ...

  Bloomberg Prime Minister Justin Trudeau announced an agreement with a left-leaning opposition party aimed at preventing another election until 2025. Trudeau’s Liberals and the New Democratic Party have struck a deal that will see the NDP support the government in confidence votes in exchange for advancing policies including national dental care and prescription drug programs, Trudeau told reporters on ...