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Bloomberg ThredUp Inc., the online marketplace for secondhand clothing, climbed 43% in its trading debut after a $168 million initial public offering (IPO). ThredUp, whose shares sold for $14 in the IPO, opened at $18.25 and closed at $20, giving the company a market value of $1.8 billion. While US -based ThredUp is a favourite of sustainability-minded younger shoppers, its focus ...

Bloomberg The UK’s biggest retailers face a potential 8 billion-pound ($11 billion) legal fight after Asda Group Ltd. lost a top court ruling in an ongoing equal pay dispute. The UK Supreme Court ruled that the salaries earned by women who work in grocery stores could be compared to men who predominantly work in warehouses. The case will return to ...

Bloomberg Dozens of Myanmar protesters died in demonstrations on a holiday once known as Resistance Day, as both the junta and those against its February coup showed no signs of backing down from weeks of conflict. At least 77 people in 36 townships were killed on Saturday during crackdowns by the military, according to rights group Assistance Association for Political ...

Bloomberg President Joe Biden included Russia’s Vladimir Putin and China’s Xi Jinping among 40 world leaders he invited to a White House climate summit next month, showing he plans to include friends and foes in his administration’s first major international gathering. The virtual summit will bring together 17 countries responsible for 80% of global emissions and gross domestic product, the ...

Bloomberg A group of nine lawmakers asked the Biden administration to establish a facility to expedite travel to the US from Taiwan’s main international airport, a show of support for the island amid fear it could be targeted by an increasingly aggressive China. The group of seven Republicans and two Democrats said in a letter that a pre-clearance facility at ...

Bloomberg Georgia’s elections chief was sued by a group of non-profit civic organisations that claim a new voting law signed by the state’s Republican governor will make it harder for minorities to cast ballots. The lawsuit, against Georgia Secretary of State Brad Raffensperger, is one of the first challenges to a wave of voting restrictions taking shape in state legislatures ...

Bloomberg Somalia said Kenya is politicising refugee camps, which have sheltered hundreds of thousands of Somali nationals for three decades, by moving to have them closed. Kenya upped pressure on the United Nations this week to come up with a plan to shut down the country’s Kakuma and Dadaab camps, saying their continued existence posed a security threat to East ...

Bloomberg Britain and the European Union (EU) took their first step since Brexit to cooperate on financial services, agreeing on a new forum to discuss market regulation. The move could help finance firms in the City of London to eventually win back some access to the single market they lost when the UK left the EU. The two sides have ...

Bloomberg US consumer sentiment continued to improve in late March to a one-year high as more Americans got coronavirus vaccinations and business restrictions eased in many states. The University of Michigan’s final sentiment index increased to 84.9 from a preliminary March reading of 83, according to data. The median projection in a Bloomberg survey of economists called for 83.6. A ...

Bloomberg Microsoft Corp. is in talks to acquire Discord Inc., a video-game chat community, for more than $10 billion. Discord has been talking to potential buyers and software giant Microsoft is in the running, but no deal is imminent, said the people, who asked not to be identified because the discussions are private. Discord is more likely to go public ...