Bloomberg Amazon.com Inc workers at an Alabama warehouse will vote by mail in February and March on whether to form a union, the National Labor Relations Board (NLRB) said, setting a date for a closely watched referendum on the relationship between the largest online retailer and the employees who pack and ship its products. A group of about 6,000 frontline …

Bloomberg Poshmark Inc, the online marketplace for second-hand goods, rose 142% in its trading debut after raising $277 million in an initial public offering priced above the marketed range. Shares closed at $101.50 in New York trading, valuing the Redwood City, California-based company at about $8.5 billion on a fully diluted basis including options and restricted stock units. The company …

Bloomberg The beginning of a new year is always a good time to rethink your travel rewards strategy—but never more so than 2021. With the travel industry experiencing continued disruption from the coronavirus pandemic and hamstrung vaccine rollouts threatening to extend border closures even longer than expected, airlines and hotels are offering unprecedented deals to secure business (and loyalty) in …

Bloomberg Birkenstock, the German company behind the iconic sandals worn by hippies and preppies alike, is in talks to be taken over by CVC Capital Partners, according to people familiar with the matter. The private equity firm is in advanced negotiations with the family owners of the nearly 250-year-old brand, according to the people, who asked not to be identified …

Bloomberg Hong Kong stocks closed at the highest level since May 2019 as mainland investors continue a record spending spree in the city. The benchmark Hang Seng Index rises 2.7% Tuesday, soaring past last year’s peak as stock turnover in the city rose to a record $38.9 billion. A rally since late December has been powered by Chinese investors, who …

Bloomberg Global markets climbed ahead of a speech by Treasury Secretary nominee Janet Yellen in which she’s expected to call for expansive government action to bolster the US economy. The advance was broad across equities, with futures on the Russell 2000 Index of small-cap companies registering strong gains. Banks led the advance in Europe’s Stoxx 600 Index. Ten-year Treasury yields …

HARGEISA / WAM A delegation from the Khalifa bin Zayed Al Nahyan Foundation has opened two hospitals in the Republic of Somaliland. The first, is the “Sheikh Khalifa bin Zayed Al Nahyan Hospital,” in the city of Berbera, northwestern Somalia, and the second, is a specialised hospital for women, childbirth and neonatal care, in the city of Burao, the second …

Bloomberg Oil futures held steady, despite a stronger dollar and physical prices in Asia continuing to trade at weaker levels than a month ago. Premiums for Russia’s ESPO have fallen by more than $1 since last month, according to traders who asked not to be identified. It follows a flurry of new Covid cases in China, potentially menacing demand, and …

Bloomberg The first cold blast this winter that propelled European power and gas prices to their highest levels in years may be about to dissipate, but its impact will be felt for months to come. From a snow storm in Madrid to record spikes in the UK power market as wind dropped — the weather has been the main driver …

Bloomberg Indian billionaire Gautam Adani is raising $2.5 billion from a deal that includes the sale of a minority stake in his renewables business to French energy giant Total SE, a transaction that may help the tycoon cut group debt. Paris-based Total will acquire 20% of Adani Green Energy Ltd and a board seat as well as a 50% stake …