Bloomberg China’s antitrust watchdog fined Alibaba Group Holding Ltd and a Tencent Holdings Ltd unit over a pair of years-old acquisitions and said it’s reviewing an impending Tencent-led merger, signalling Beijing’s intention to tighten oversight of internet sector deals. The State Administration for Market Regulation said it’s reviewing the combination of DouYu International Holdings Ltd with Huya Inc, which could ...

Bloomberg Lululemon Athletica Inc — whose founder once body-shamed women on live television — is finding that offering larger sizes can pay off. Sales of women’s garments rose 22% last quarter, reaching pre-pandemic growth levels, the company said on a call with investors after reporting third-quarter results that beat estimates. Executives didn’t specifically attribute the surge to the more inclusive ...

Bloomberg The board of Rolls-Royce Holdings Plc has begun the process of identifying a successor to Chairman Ian Davis, Sky News reported. The search is at a very early stage and an appointment is unlikely to be announced until well into next year, it said, without revealing where it got the information. Davis joined the British jet-engine maker in 2013. ...

Bloomberg Members of the Electoral College were expected to meet on Monday to officially elect Joe Biden, a moment some Republican lawmakers have targeted as the end of President Donald Trump’s attempts to overturn the results as far as they’re concerned. The constitutionally mandated procedure across the 50 states and the District of Columbia usually passes with little notice. But ...

Bloomberg The US rescinded Sudan’s almost three-decade designation as a state sponsor of terror, paving the way for the North African country to rejoin the global community and boost its ravaged economy. “The congressional notification period of 45 days has lapsed and the secretary of state has signed a notification stating rescission of Sudan’s State Sponsor of Terrorism designation is ...

Bloomberg Fourteen Venezuelan migrants drowned and six are missing after a failed bid to reach Trinidad and Tobago by boat. Eleven bodies were recovered, and another three corpses were found on a Venezuelan beach, the nation’s government said in a statement. The vessel departed from the Venezuelan town of Guiria on December 6 with 20 people on board, according to ...

Bloomberg In one of the most audacious hacks in recent memory, US government agencies were attacked as part of a global campaign that exploited a flaw in the software updates of a US company. The hackers are suspected to be part of a notorious hacking group tied to the Russian government, the Washington Post reported. The attack included breaches at ...

Bloomberg The European Union called on Chinese authorities to allow a Bloomberg News staffer who was detained last week in Beijing to have access to a lawyer, medical care and contact with her family. China has confirmed that Haze Fan, a Chinese citizen who has worked with Bloomberg News since 2017, was detained by the Beijing Municipal National Security Bureau ...

Bloomberg The springlike temperatures are giving way to winter conditions across the Northeast, with the threat of snow rising for New York and New England from a fast-moving storm that will hit late Wednesday. New York could get 8 to 12 inches of snow starting from Wednesday from a storm starting to come together across the western US, said Bob ...

Bloomberg British business groups pleaded with the government to extend the time they have to prepare for the nation’s departure from the European Union after leaders from both sides agreed to continue talks. UK Prime Minister Boris Johnson and European Commission President Ursula von der Leyen gave negotiators another shot at reaching a deal on the terms of trade before ...