New York & Co. Owner Files for Bankruptcy Protection

RTW Retailwinds, the parent firm of New York & Co., has filed for Chapter 11 bankruptcy protection. The firm reported it designs to permanently close most, if not all, of its suppliers and has started liquidation sales.

It is also thinking of offering its e-commerce operations and relevant mental property.

“The merged consequences of a demanding retail ecosystem coupled with the influence of the Coronavirus pandemic have brought on significant money distress on our business enterprise, and we hope it to proceed to do so in the long run,” RTW Retailwinds main government officer Sheamus Toal reported in a assertion.

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Why China Isn’t Expected to Power a Global Recovery

Obtaining the world-wide financial system back on its ft this yr won’t be effortless. But it will be even harder devoid of far more support from China, the locomotive that run recoveries from the world’s newest financial crisis.

Through the 2008-09 money disaster, China’s soaring demand from customers for uncooked components and other items boosted advancement across the globe, underpinning rebounds in areas like Brazil and Germany. Some international locations, like Australia, avoided recession almost fully many thanks to trade with China.

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Bollywood Legends Amitabh Bachchan, Aishwarya Rai Bachchan Test Positive for Covid-19

NEW DELHI—The initial relatives of Bollywood, the Bachchans, have been hit by coronavirus with a few of its most famed members—including celebrity Amitabh Bachchan—testing favourable.

Mr. Bachchan and his actor son Abhishek Bachchan have checked into a hospital in Mumbai. Abhishek’s wife Aishwarya Rai Bachchan—another big of the Indian movie marketplace and a former Ms. World—has also examined favourable but is asymptomatic, authorities stated.

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Hundreds of Thousands Vote in Hong Kong’s Democratic Primaries

HONG KONG—Hundreds of 1000’s of people voted in primaries held by the city’s pro-democracy camp in excess of the weekend, reflecting steely assistance for the motion in spite of Beijing’s imposition of a nationwide-safety legislation that has curbed public expressions of dissent in latest months.

Pro-democracy parties held the primaries, which are not formally component of the city’s political process, to settle on candidates and steer clear of splitting the vote heading into legislative elections this September. They hope to safe sufficient votes to wield much more…

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U.S. Weighs Limited Options to Punish China Over Hong Kong

WASHINGTON—As U.S. officials weigh sanctioning China above its latest moves in Hong Kong, the city’s position as a international economical centre restrictions the menu of successful levers out there to Washington.

Important actions against Hong Kong’s economical system hazard hitting U.S., Western and Hong Kong providers and individuals, officials and analysts say. Much more focused sanctions against Chinese officials and trade actions against goods manufactured in Hong Kong would have very little impact on Beijing’s integration of the metropolis into the mainland’s…

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