Lululemon apologizes after staffer offends with ‘bat fried rice’ T-shirt

Canadian exercise apparel brand Lululemon (LULU.O) issued statements on Tuesday apologizing for, and distancing itself from, a T-shirt design promoted by one of its art directors that triggered outrage and accusations of racism online. The hashtag “Lululemon insults China” was viewed 204 million times on China’s Weibo platform by Tuesday afternoon, with some commentators demanding […]

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White House mulls liability protection for reopening businesses: Trump adviser

The Trump administration is considering the possibility of providing liability protection to small businesses that reopen and put their employees back to work as the nation tries to repair the economic damage wrought by the coronavirus, a top White House adviser said on Tuesday. “Liability protection is something we are looking at very carefully,” National […]

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Exclusive: Trump pressed to halt federal pension investments in China’s ZTE, Hikvision

Lawmakers and former officials are making a last-ditch push to persuade the Trump administration to halt plans to invest billions of federal employee retirement dollars in Chinese companies that Washington suspects of human rights abuses or threatening U.S. security, according to sources and documents seen by Reuters. The campaign, which includes letters and calls from […]

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Strained U.S. mortgage firms get support but push for liquidity facility

The U.S. housing regulator on Tuesday provided some long-awaited relief for mortgage firms facing billions of dollars of missed home loan repayments, although industry officials said more liquidity assistance was needed. The Federal Housing Finance Agency said it would cap the number of payments mortgage companies must advance to investors in some government-backed mortgage bonds […]

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