Bloomberg Western fashion brands are coming under fire in China for designs perceived to run afoul of local political sensitivities, sparking calls for boycotts in a market that accounts for a third of global luxury demand. Less than 24 hours after Versace apologised for t-shirts that were accused of defying the One-China Policy, American fashion label Coach and French luxury ...

Bloomberg Indian budget carrier SpiceJet Ltd booked income on the expectation of receiving compensation from Boeing Co for grounded 737 Max jets, posting its highest-ever profit in the process. Airlines around the world have sought compensation from Boeing for order delays and losses caused by the grounding of the 737 Max in the wake of two deadly crashes. There’s no ...

Bloomberg Sports Direct International Plc plunged after its auditor quit without a replacement, heightening corporate governance concerns at the British retailer controlled by billionaire Mike Ashley. The shares fell as much as 11 percent in London, bringing their decline over the past 12 months to more than 45 percent. Auditor Grant Thornton UK LLP will end its role on September ...

Bloomberg Coca-Cola Co is putting its Dasani water brand into aluminum cans as the beverage industry faces pressure to reduce its use of plastic. Coke will start selling canned Dasani in the US Northeast next month, with plans to expand the product to other parts of the country in 2020. The announcement comes after PepsiCo Inc said recently it would ...

Bloomberg Thai Airways International’s second-quarter loss more than doubled as the global economic slowdown, fierce competition and a strengthened baht took their toll on revenue. The company reported a $223.7 million loss in the second quarter, compared with a 3.1 billion baht deficit a year earlier, according to a filing to Thai exchange.Revenue fell 10 percent to 42.5 billion baht. ...

Bloomberg Shortly before taking office last year, Mexican President Andres Manuel Lopez Obrador upended construction of a $13 billion airport for the nation’s capital. The glitzy, modernist project was riddled with corruption, AMLO said, and congestion could be eased more cheaply with a plan that included improvements for the existing hub. But now, just nine months later, the full extent ...

Bloomberg Recession fears are spreading among investors at a time when valuations across major assets are looking dangero-usly stretched following years of monetary stimulus, the latest Bank of America Corp survey shows. About a third of asset managers polled believe a global recession is likely in the next 12 months, the highest probability since 2011 — when Europe was engulfed ...

Bloomberg Reliance Industries Ltd soared the most in more than two years after billionaire Mukesh Ambani revealed a plan to sell a stake to Aramco as part of efforts to pare debt. The conglomerate aims to be a zero-net-debt company in 18 months, Asia’s richest man told shareholders. Aiding that wou-ld be a proposed sale of 20 percent of Reliance’s ...

Bloomberg Amazon.com Inc. is in late-stage talks to acquire as much as 10 percent of India’s Future Retail Ltd, people familiar with the negotiations said, as the US company moves to bolster its bri- ck-and-mortar presence in one of the world’s fastest-growing retail markets. India’s No. 2 retailer by turnover, Future is seeking a valuation of about 20 billion rupees ...

KUWAIT / Emirates Business Agility, a leading global logistics provider, on Tuesday reported second-quarter earnings of 12.99 fils per share on net profit of KD 21.6 million ($71 million), an increase of 8.1 percent over the same period in 2018. Q2 EBITDA grew 31.2percent to KD 48.6 million, and revenue increased 3.2percent to KD 396.3 million. First-half earnings of 25.18 ...