‘Risk Blindness’ Is Making the Climate Crisis Worse
Catastrophes like the Maui wildfire may be avoidable if governments and insurers stop looking to the past to predict a warming future.
Bloomberg Business
Hong Kong Is Losing Its Fight to Repair Image as Shopping Heaven
Hong Kong has struggled to regain its appeal as a global retail paradise since the city reopened this year, underscoring the damage caused by years of isolation to its $360 billion economy.
John Lewis Starts UK Hiring Spree to Boost Performance
John Lewis Partnership Plc is recruiting more than 10,000 workers, some of them permanent, as the department store chain tries to boost its customer service amid a competitive UK retail environment.
US Commerce Secretary’s China Trip Has a Chance of Success That Eluded Others
Of all the Biden administration officials to travel to China in recent months, Commerce Secretary Gina Raimondo may prove the most consequential to improving ties between the world’s biggest economies.
UK Consumer Confidence Rebounds After Signs Inflation Is Cooling
UK consumer confidence rebounded in August as inflation showed signs of cooling and strong wage growth buoyed household finances.
Here Are Trump’s 18 Co-Defendants in the Georgia 2020 Election Case
Trump Set to Be Booked on Aug. 24; Posts $200,000 Bond
Hawaiian Electric Suspends Dividend, Draws Down Credit Lines
Hawaiian Electric Industries Inc. drew down on revolving credit lines and said it would suspend its quarterly dividend as it seeks to shore up cash following the deadly wildfires in Maui.
Nordstrom Says Losses From Theft at Historic High
Losses from theft are at a historic high at Nordstrom Inc., the company’s chief executive officer told analysts, making it the latest major US retailer to call out the rise in crime at its stores.
Hawaiian Electric Faces Suits by Investors, Maui Over Fires
Hawaiian Electric Industries Inc. was hit with lawsuits by investors and Maui County claiming the utility didn’t cut power and take safety measures to contain raging flames that engulfed the city of Lahaina this month.
Roark to Borrow $5 Billion in Obscure Debt Market for Subway Deal
Private equity firm Roark Capital Group expects to borrow nearly $5 billion in a little-known debt market to help permanently fund its investment in US sandwich chain Subway, after lining up temporary funding from banks.