March, 2021

• 15 March

  Amazon ordered to shut Canada facility

  

  Bloomberg Amazon.com Inc. has been ordered to close a facility outside Toronto for two weeks as public health officials worry about rising Covid-19 cases inside the complex. While the rate of Covid-19 infection has been falling in the Peel region in the past few weeks, the rate inside the Brampton, Ontario, fulfillment center “has been increasing significantly,” the local health ...

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• 15 March

  Fabric retail chain Joann raises $131mn in IPO

  Bloomberg Joann Inc., the fabric and craft store, and selling shareholders raised about $131 million in an initial public offering (IPO) a decade after being taken private by buyout firm Leonard Green & Partners. The IPO fell short of the Hudson, Ohio-based company’s goal of raising as much as $186 million. Joann sold about 11 million shares for $12 each after ...

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• 15 March

  Cathay Pacific posts $2.8b loss

  

  Bloomberg Cathay Pacific Airways Ltd. reported a net loss of HK$21.65 billion ($2.8 billion) for 2020, a period the carrier described as “the most challenging 12 months of its more than 70-year history” as the coronavirus pandemic brought unprecedented disruption to global air travel. The outlook isn’t much better, according to Chairman Patrick Healy, who said “it is by no ...

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• 15 March

  Adidas to boost e-commerce, recycled gear in 5-year plan

  

  Bloomberg Adidas AG is targeting sales growth of as much as 10% annually through 2025 as it doubles down on e-commerce and sustainable materials. The German sportswear maker forecast a surge in online sales and the steady build-out of shoes and apparel made from recycled materials to help push up profit by as much as 18% a year. The company ...

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• 15 March

  US airline flyers top 1m-a-day pace

  Bloomberg US airlines carried an average of more than 1 million passengers a day in the past week, the highest non-holiday total since the Covid-19 pandemic began gutting travel demand in the countryalmost a year ago. The total of 1.28 million was the third highest since travel collapsed in mid-March 2020, according to data reported by the Transportation Security Administration ...

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• 15 March

  Pregnant woman, monk among dead as Myanmar violence rages

  

  Bloomberg A pregnant woman and a monk were among those killed in Myanmar over the weekend amid violent crackdowns by security forces on anti-coup protesters, as both sides showed no signs of backing down. At least seven people were confirmed dead, according to the UN Human Rights Office, bringing its tally since the coup started in February to 88. Fatalities ...

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• 15 March

  Kenya to withdraw from sea-border case with Somalia

  

  Bloomberg Kenya has decided to withdraw from a maritime-border case with Somalia, ahead of a hearing at the International Court of Justice scheduled for Monday, Nairobi-based Sunday Nation reported. The decision is partly because of the failure to accept Kenya’s request to further delay hearings due to coronavirus-related disruptions, the newspaper said, citing documents whose source it didn’t disclose. A ...

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• 15 March

  UK to tighten protest rules after vigil is marred by violence

  

  Bloomberg The UK parliament is set to debate a new law that will clamp down on the right to protest, after London police were criticized for their handling of a vigil over the weekend for a murdered woman that turned violent. Legislation due before the House of Commons on Monday will feed into the controversy over the death of 33-year-old ...

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• 15 March

  Infants among hundreds in HK quarantine

  

  Bloomberg Hong Kong sent hundreds of people, including a playgroup of infants, into quarantine and locked down more residential areas as it tried to contain a coronavirus outbreak that began in a gym in the city center last week. The number of confirmed cases linked to the outbreak has spiked to 109 since the first infection was reported on March ...

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• 15 March

  More opposition lawmakers in Malaysia to support PM

  

  Bloomberg More Malaysian opposition lawmakers are expected to join defectors from their parties and declare support for Prime Minister Muhyiddin Yassin’s ruling coalition government, the Star cited Federal Territories Minister Annuar Musa as saying. Annuar said seven or eight more opposition members may defect to the Perikatan Nasional government soon because of the government’s efficient performance in tackling pandemic, according ...

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