Bloomberg Ting Hsin International Group, the Taiwanese food company behind the Master Kong brand, is weighing a Hong Kong initial public offering (IPO) of its restaurant business in mainland China, people with knowledge of the matter said. The firm has invited banks to pitch for a role on the listing, said the people, who asked not to be identified as ...

Bloomberg A senior Nike Inc executive’s abrupt departure has laid bare the sometimes-uncomfortable relationship between sneaker makers and the underground network of resellers who thrive off their brands. The sneakerhead community was buzzing over the resignation of Ann Hebert, Nike’s vice president and general manager of North America. The revelation came just days after a Bloomberg Businessweek report about her ...

Bloomberg Canada Goose Holdings, the company known for its Arctic-ready luxury parkas, announced a partnership with the National Basketball Association (NBA) that will showcase its foray into warmer-climate collections. Under the multiyear agreement, Toronto-based Canada Goose will produce capsule collections timed around the NBA’s annual midseason All-Star game. The manufacturer will collaborate with different designers, starting this year with LA-based ...

Bloomberg As the US looks to build a coalition to further punish Myanmar’s generals, it’s not having much success convincing governments in Asia to follow suit. The standing of army chief Min Aung Hlaing’s regime has slipped even further in the West after his envoy to the United Nations denounced the military takeover and Myanmar authorities killed at least 18 ...

Bloomberg Ten rockets targeted an airbase in western Iraq that hosts US-led coalition troops, the latest in a spate of attacks that have raised tensions days before a visit by Pope Francis. There was no immediate claim for Wednesday’s attack on Al Asad Airbase, which came just a day after the Pentagon said it was hoping to deter future assaults ...

Bloomberg Federal officials will face stern questioning about delays in deploying the National Guard during the January 6 riot at the US Capitol, as lawmakers probe broader intelligence failures in the days before the violent insurrection. Major General William Walker is set to appear alongside three intelligence and counter-terrorism experts from the FBI, the Department of Homeland Security and the ...

Bloomberg Hungarian Prime Minister Viktor Orban pulled his ruling party out of the parliamentary caucus of the European Union’s largest political group as the bloc piles pressure on him over the erosion of democratic norms. Orban triggered the exit of his 12 European Parliament lawmakers on Wednesday after a vote by the European People’s Party (EPP) caucus cleared the way to ...

Bloomberg Alternative for Germany (AfD), the biggest opposition group in the country’s parliament, was placed on the domestic intelligence service’s list of organisations suspected of right-wing extremism, Der Spiegel reported. Prompted by a confidential 1,000-page report about alleged violations of constitutional rules protecting human dignity and democracy, the move allows the agency to conduct nationwide surveillance of the AfD, the ...

Bloomberg Hong Kong made its 100th arrest under a national security law imposed on the former British colony by China last year, while a mass bail hearing for dozens of pro-democracy activists was forced into a fourth day. 100 people had been arrested on suspicion of activities harming national security, police said. The accused include 83 male suspects and 17 ...

Bloomberg Rishi Sunak will extend furlough payments to UK workers until the end of September, protecting millions of people whose jobs were suspended during the coronavirus pandemic until after restrictions are set to be lifted. With the nation mired in a third lockdown, the government will keep paying 80% of wages for those in the program through the end of ...