Jay-Z, LeBron-Backed Vintage Sports Apparel Maker Hires New CEO
Mitchell & Ness, a vintage-style sports apparel maker, has replaced its retiring chief executive officer as new owner Fanatics Inc. expands its reach in licensed sports merchandise.
Bloomberg Business
Swatch Eyes Another Hyped Release with Blue MoonSwatch
Swatch Group AG is releasing a special blue plastic limited edition of the coveted Speedmaster as it moves to reinvigorate interest in its Omega MoonSwatch collaboration.
Ukraine Recap: Anger Prompts Vatican to Clarify Russia Comments
The Vatican was forced to walk back remarks from Pope Francis after he told Russians last week to take pride in being “the heirs” of “that great, enlightened Russian empire.”
UK Confirms Three-Month Delay to Post-Brexit Border Checks
The UK government confirmed a three-month delay to post-Brexit border checks on European food imports that were due to begin in January 2024.
3M to Pay $6 Billion to Settle Faulty Military Earplug Suits
3M Co. has agreed to pay more than $6 billion over five years to resolve hundreds of thousands of lawsuits alleging it sold defective ear plugs to the US military that led to hearing damage for combat troops.
Imran Khan Gets Sentence Suspended in Win Before Elections
A Pakistani court suspended former premier Imran Khan’s sentence in a case involving state gifts and gave him bail, a development that gives major relief to the embattled leader months before the national elections.
China Banks to Cut Rates on Mortgages, Deposits in Stimulus Push
China’s largest banks are preparing to cut interest rates on existing mortgages and deposits, the latest state-directed measures to shore up growth in the world’s second-largest economy.
Michelle Obama’s Call for Equal Pay Puts Tennis Gender Inequality in Spotlight
Former US First Lady Michelle Obama advocated for equal pay for female athletes at the US Open, the latest prominent figure to push for progress in women’s sports.
European Stocks Rise as China Measures, UK Inflation Lift Mood
European stocks rose on Tuesday as China’s measures to bolster its economy and supportive UK inflation figures boosted investor risk appetite.
Chinese EV Maker Nio Reports Quarterly Losses and Slimmer Margin
Chinese electric car maker Nio Inc. reported a wider-than-estimated loss in the second quarter as vehicle deliveries came in at the low end of the company’s target.