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It’s important in the fashion world to make a big entrance and Chanel is doing just that with its inaugural 600 million-euro ($700 million) bond. It has chosen to issue debt that’s linked to environmental sustainability targets; the bond includes a penalty if the company doesn’t live up to its green goals. The famous French luxury brand — headquartered in ...

The CDC posted and then retracted a statement about Covid-19 being an “airborne” disease. While the switch generated tons of attention from the press, infectious disease experts say it’s not clear it would have made much difference if the word had remained. The term might just confuse the public even more. The more serious problem is that we are losing ...

The most shocking thing about Rio Tinto Group’s demolition of a 46,000-year-old Aboriginal site in Australia’s remote Pilbara region is how commonplace it was. The Pilbara is source of about half of the world’s traded iron ore, worth about $65 billion a year. It’s also a crucial area of world heritage, home to the world’s largest collection of art from ...

Bloomberg Chinese President Xi Jinping has doubled down on China’s policies towards Uighurs in the country’s western Xinjiang region despite international condemnation. “Facts prove that the party’s policies on Xinjiang in the new era are completely correct and must be adhered to in the long term,” the official Xinhua News Agency quoted Xi as saying during a work meeting held ...

Bloomberg South Korea invited North Korean leader Kim Jong-un to participate in a joint probe into the fatal shooting of one of its nationals north of the border, after the regime warned South Korea over its maritime search for the body. North Korea should be “open-minded” towards investigating the incident as soon as possible, given the differences between the two ...

Bloomberg Donald Trump expressed confidence he would be re-elected president if Congress has to break an Electoral College tie in the 2020 election. “I don’t want to end up in the Supreme Court and I don’t want to go back to Congress either, even though we have an advantage when we go back to Congress,” Trump said at a rally ...

Bloomberg Hong Kong residents renewed or applied for British National (Overseas) passports in record numbers last year as anti-government protests erupted in the city, according to the South China Morning Post. The 154,218 BNO passports issued in 2019 is an eightfold jump from the year earlier, the newspaper reported, citing British government data. The authority also recorded 32,813 renewals by ...

Bloomberg North Korea warned South Korea about a maritime search operation it says entered its territorial waters, state news agency KCNA reported, citing a statement from the Korean Central News Agency. “We don’t care whether the south side conducts any kind of search operation in its territorial waters or not,” North Korea said. “But we can never overlook any intrusion ...

Bloomberg Bank of America Corp. (BofA) issued a $2 billion bond that aims to advance racial equality. The initiative, backed by Vice Chairman Anne Finucane and Chief Operating Officer Tom Montag, is the company’s eighth environmental, social and governance-themed bond, bringing its total issuance in the category to almost $10 billion, the bank said in a statement. The offering, which ...

Bloomberg Goldman Sachs Group Inc. is asking just over 100 staff to move from London to other European cities in preparation for Brexit. Goldman Sachs employees who work in areas including sales and trading, deal-making and private wealth management are being asked to sign new contracts and to prepare to relocate in time for January 1, according to a person ...