Bloomberg Starbucks Corp. will provide Chinese workers with health insurance that extends coverage to their parents, a unique offering by the coffeehouse chain that may be used by more than 10,000 people to treat cancer, heart disease and Alzheimer’s. The plan is a response to traditional values in China, the company said, as children often care for their parents ...

  Bloomberg JD Sports Fashion Plc shares soared to new highs after the U.K. sportswear retailer extended its record of confounding analysts’ expectations, helped by flourishing partnerships with suppliers including Nike Inc. and Adidas AG. The stock rose as much as 10 percent in London after the company reported an 81 percent jump in annual pretax profit to 244.8 million ...

  AWEIL / AP Two months after the world’s youngest nation declared a famine amid its civil war, hunger has become more widespread than expected, aid workers say. South Sudan’s Northern Bahr el Ghazal region is on the brink of starvation, with 290,000 people at risk of dying without sustained food assistance. Humanitarian workers say conditions will only deteriorate as the ...

  Bloomberg A crude pipeline to southwestern China through its neighbour Myanmar began operations after years of delays, allowing the world’s second-biggest oil user to receive supplies faster from the Middle East and Africa. A Suezmax-sized tanker, which can hold 140,000 metric tons (about 1 million barrels) of crude, began offloading oil for the pipeline at Myanmar’s Made Island, according ...

Bloomberg Oil traded near $53 a barrel, holding its longest winning streak this year before US government data forecast to show record crude stockpiles declined. Futures were little changed in New York after rising 5.7 percent in the previous five sessions. Inventories probably dropped by 1.5 million barrels last week, according to a Bloomberg survey before an Energy Information Administration ...

  Bloomberg Saudi Arabia will begin seeking bids next week from renewable-energy companies to build wind and solar plants with a combined capacity of 700 megawatts as part of the kingdom’s $50 billion program to boost power generation and cut its oil consumption. Energy Minister Khalid Al Falih will announce a request for proposals for the projects, the next phase ...

  Bloomberg Spot metallurgical coal is heading for a record after surging above $300 a metric ton amid supply curbs from Australia, the world’s biggest exporter of the commodity used to make steel. Morgan Stanley says “panic buying” has helped double the price of premium hard coking coal over the past eight sessions after rain from the remnants of cyclone ...

  Bloomberg Toshiba Corp., the 142-year-old conglomerate, warned on Tuesday it may not be able to continue as a going concern as it grapples with billions of dollars in losses from its Westinghouse Electric nuclear business. The disclosure came as the Japanese company reported earnings for the third quarter after missing two previous deadlines for financial results. Toshiba posted an ...

  Bloomberg India is considering turning to the private sector to help plug a chronic shortage of capital for infrastruc- ture projects. The Reserve Bank of India is proposing Asia’s third-largest economy offer licenses to private companies to set up infrastructure banks. That could help finance $1.5 trillion in roads, ports, power and other projects over the next 10 years ...

  Bloomberg Qualcomm Inc. accused Apple Inc. of lying to regulators to spur investigations of the chipmaker, and threatening it to cover up the use of inferior parts in some iPhones. The world’s largest maker of phone semiconductors responded to a January lawsuit from Apple with counterclaims for damages late on Monday, alleging the iPhone maker breached contractual pledges, mischaracterized ...