Bloomberg A quarter of Chinese production capacity used by global sportswear brands is lying idle, according to a manufacturing executive, as the protracted trade war pushes the biggest sports labels out of the Asian nation’s factories. The exodus is forcing factories to offer discounts of 10 percent to companies such as his to use their dormant production lines, Chinese sportswear …

Bloomberg The UK plans to ease security line hold-ups for passengers by requiring all major airports to use 3D scanners for cabin baggage by the end of 2022. The new equipment, which is currently being tested at London’s Heathrow airport, will make the security procedures “quicker and easier” for travellers by ending requirements to remove toiletries and electrical equipment from …

Bloomberg Cargojet Inc soared to a record high after Amazon.com Inc signed a deal that would allow the online retailer to buy a stake in the Canadian cargo carrier. Under the agreement, Mississauga, Ontario-based Cargojet will issue warrants to Amazon in two tranches to purchase variable voting shares that will vest based on the achievement of certain commercial milestones. “Cargojet …

Bloomberg Cathay Pacific Airways Ltd said it will show zero tolerance to employees who support or take part in illegal protests ahead of “planned activities” by trade union members around its operational hub Cathay City in Hong Kong on August 26. “Any activities that impact our ability to operate safely not only significantly disrupt the travelling public, but also jeopardise …

Bloomberg Gap Inc reported another quarter of declining sales at its namesake brand and Old Navy, rattling investors who are still waiting for more details on the planned spinoff of the discount chain. Same-store sales, a closely watched metric in retail, fell 4 percent at the overall company in the second quarter, which was worse than expected. Old Navy, which …

Bloomberg An association of independent mailbox-store owners is forming a national network for receiving e-commerce packages, seeking to add a layer of security for consumers while capitalising on the surge of online shopping. Retail Shipping Associates (RSA) plans to announce an effort to organise the group’s stores under a national brand called the Package Hub Business Center, which consumers would …

Abu Dhabi / Emirates Business Etisalat announced the launch of its double data offer providing existing and new postpaid customers twice as much data on their ‘Freedom’ plans. Etisalat Freedom plan customers who joined on April 1 onwards will automatically get their data doubled upto 200GB as part of the limited time promotion. New and existing Etisalat customers can take …

Bloomberg When a Chinese state-owned survey vessel sailed into waters off Vietnam’s coast in early July, it unleashed a high-seas standoff with trillions of dollars at stake that risks drawing in Russia and the US. For weeks now the Haiyang Dizhi 8 has zigzagged across a square block of water to study the seabed in an active drilling block operated …

Bloomberg French President Emmanuel Macron is calling on container lines to avoid using a new Arctic shipping route to protect the environment. Speaking at the start of the Group of Seven summit in Biarritz in southwest France on Saturday, Macron said France’s biggest shipping line, CMA CGM, has committed not to use the so-called Northern Sea Route being promoted by …

Bloomberg It’s getting tougher to bet on oil in the age of Trump trade tweets and Chinese retaliation, with hedge funds getting it wrong for a seventh time in nine weeks. This time around, short-sellers made their biggest retreat in a year in week ended August 20, slashing by 25% their wagers that West Texas Intermediate crude would decline, data …