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Bloomberg Chinese anger at Hennes & Mauritz AB (H&M) and other brands who refuse to use cotton from Xinjiang will pass but businesses will continue to face risks from political issues, the head of the European Union Chamber of Commerce in China said. “You really have to just let it happen, lay low and see when it blows over and ...

Bloomberg Food-delivery startup Deliveroo Holdings Plc is likely to price shares in its initial public offering at 390 pence each, the bottom of the range at which they were marketed, as reluctant investors and nervous markets weigh on London’s biggest listing this year. The sale will raise 1.5 billion pounds ($2.1 billion) at that price, assuming the company and its ...

Bloomberg American Airlines Group Inc expects to put most of its fleet back in service in the second quarter following “recent strength in domestic and short-haul international bookings” that hint at a gathering travel rebound. Falling infections and hospitalisations and rising vaccinations have spurred demand after a blow early this year when the US required negative coronavirus tests for international ...

Bloomberg Hugo Boss AG came under fire from Chinese celebrities over its stance on human rights in China, ensnaring the company in a growing boycott of western firms who won’t use cotton produced in the region of Xinjiang over concerns it’s made with forced labour by Muslim-minority Uyghurs. Li Yifeng, an actor and singer who has more than 60 million ...

Bloomberg Some 18 months after its chicken sandwich went viral, fast-food chain Popeyes is on a mission to take over the world. It may not work, of course. Its parent, Restaurant Brands International Inc., has a spotty overseas record, at best. But the ambition alone underscores just how startling a transformation the once-sleepy brand has undergone since the summer of ...

Bloomberg China finalised a sweeping plan to ensure leaders in Beijing control the outcome of Hong Kong’s elections, a move that could deepen already-fraught relations with Western nations. President Xi Jinping on Tuesday signed orders to amend Hong Kong’s Basic Law, the official Xinhua News Agency reported, after revisions were passed by the National People’s Congress Standing Committee. The move ...

Bloomberg President Joe Biden announced a slate of federal judge nominees on Tuesday that placed a heavy emphasis on his stated goal of promoting diversity across the government. The picks — Biden’s first to the federal bench since taking office January 20 — included Zahid Quraishi, who would be the first Muslim-American federal judge in US history, and Ketanji Brown ...

Bloomberg Wall Street banks grappling with the implosion of Bill Hwang’s investment firm spent time briefing US regulators as Washington starts to dig into one of the biggest fund blowups in years. The Securities and Exchange Commission (SEC) summoned the banks for hasty meetings on what triggered the forced sale of more than $20 billion of stocks linked to Hwang’s ...

Bloomberg Mitsubishi UFJ Financial Group Inc. joined a growing list of global financial firms as it warned of a potential loss tied to a US client. MUFG’s securities arm is evaluating the extent of the loss and currently estimates it at about $300 million, it said in a statement on Tuesday, without naming the client. Japan’s biggest bank said an ...

Bloomberg Stocks valued at $2.64 billion changed hands in a flurry of block trades as tumult from the wind-down of Bill Hwang’s Archegos Capital Management extended into a new week. Five block trades valued at a combined $2.14 billion were executed by Wells Fargo & Co., according to a person familiar with the matter. The bank solicited interest from investors ...