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  Bloomberg Lululemon Athletica Inc employees will vote this month on unionising a store in Washington, testing the strength of an organising wave that’s been sweeping through previously union-free US retail firms. The US National Labor Relations Board has approved an agreement between the company and the new labor group organising the location, the Association of Concerted Educators (ACE), to ...

  Bloomberg The UK and China have agreed to resume direct passenger flights, a sign that Chinese authorities are slowly loosening their grip on the world’s tightest Covid-19 regime and opening up to travel again. Chinese airlines will offer the first flights and work is ongoing to resume routes for UK carriers, the British Embassy in China said in a ...

  Bloomberg China’s military said exercises held around Taiwan in response to US House Speaker Nancy Pelosi’s visit had concluded, while pledging to continue regular patrols near the island. The People’s Liberation Army “successfully completed all tasks” set out in exercises last week, Eastern Theater Command spokesman Senior Colonel Shi Yi said Wednesday. The statement ended ambiguity on the status ...

Bloomberg A Russian journalist who staged an anti-war protest on the country’s main TV news channel said police raided her home in Moscow as part of a new probe against her. Marina Ovsyannikova said 10 police and officers from the Investigative Committee, Russia’s equivalent of the FBI, searched her apartment early Wednesday and took her away for questioning. A criminal ...

  Bloomberg US productivity slumped for a second-straight quarter as the economy shrank, driving another surge in labour costs that risks keeping inflation elevated and further complicates the Federal Reserve’s efforts to tame price increases. Productivity, or nonfarm business employee output per hour, decreased at a 4.6% annual rate in the second quarter after falling at a 7.4% pace in ...

Bloomberg Norway’s inflation exceeded forecasts for a fourth straight month, hitting a new 34-year high and adding pressure on Norges Bank to deliver a bigger interest rate hike this month than it has flagged earlier. Consumer prices rise 6.8% in July from a year earlier, the fastest pace since July 1988, according to data from Statistics Norway on Wednesday. Underlying ...

  Bloomberg Brazil consumer prices tumbled by the most on record in July after President Jair Bolsonaro slashed utility taxes to tame the soaring cost of living and lift his re-election chances. Official data showed consumer prices fall 0.68% compared to June, more than the -0.65% median estimate from analysts in Bloomberg survey. It was biggest monthly drop since the ...

  Bloomberg A drop in Swedish apartment prices picked up speed last month, adding to evidence that the property market in the largest Nordic nation is floundering. The average cost was 4% lower in July than the previous month, marking the fastest decline since before the pandemic, according to data by Svensk Maklarstatistik. House prices decline 1 percent from June. ...

  Bloomberg The investment giant’s board approved on Wednesday the early physical settlement of prepaid forward contracts corresponding to about 242 million American Depositary Receipts. After the settlement, which will run from August to September, its stake in China’s e-commerce leader will fall to 14.6% from 23.7% as of the end of June. The move raises the likelihood that SoftBank ...

  Bloomberg Tech shares led a broad slump in Chinese stocks on Wednesday, as investors turned cautious over worries about the nation’s fragile economic recovery and potential market impact from US inflation data. Hong Kong’s Hang Seng Tech Index dropped 2.8%, with electric vehicle makers Nio Inc and XPeng Inc the worst performers. The benchmark Hang Seng Index slid 2%. ...