Bloomberg Business

Inflation Is Helping Drive a Boom in Secondhand Shopping

Sales of secondhand clothes, shoes and accessories jumped 28% in 2022 from the previous year, according to a new report.

Thaksin’s Daughter Paetongtarn Among Three Nominees of Pheu Thai Party

Thai opposition party leading in opinion surveys officially nominated Paetongtarn Shinawatra, a scion of the Shinawatra family, as one of its three prime minister candidates as widely expected, pitting her against ex-generals seeking to extend a near decade of military-backed rule.

China Can’t Be Peace Mediator for Ukraine, Lithuania Says

China cannot act as a peace mediator over Russia’s invasion of Ukraine as Beijing’s stance would rob Kyiv of its sovereignty, according to Lithuanian Foreign Minister Gabrielius Landsbergis.

FedEx Targets $4 Billion Cost Cuts by Merging Delivery Networks

FedEx Corp. is seeking to cut $4 billion in costs by combining its two main delivery networks, in an ambitious plan by new Chief Executive Officer Raj Subramaniam to increase profit margins.

Western Alliance Falls on Lack of Details on Deposit Balance

Western Alliance Bancorp fell as much as 12% after the regional bank updated its financial disclosures without saying more about its deposit balance.

Nuru Seeks $300 Million for Mini-Grids in Power-Starved Congo

Nuru, a solar mini-grid startup aiming to bring power to 5 million people in one of the world’s least-electrified nations, is close to concluding a $60 million funding round, with a larger one to follow later this year.

Covid’s Origins Can’t Be Tied to Wuhan Market, Chinese Researchers Say

The origins of Covid-19 can’t be conclusively tied to the market in Wuhan where some of the first known cases appeared, according to Chinese researchers, further extending controversy around data collected at the start of the pandemic that had long remained out of view.