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Turkish company prepping offer to supply Libya power

 Turkish power-ship operator Karadeniz Holding is preparing a bid to supply up to 1,000 megawatts of electricity to conflict-hit Libya and will submit it soon, the company said Monday. Libya, where Turkey supports the internationally recognised government based in Tripoli, has been hit...

Nike posts quarterly loss after virus forced store closures

Nike lost $790 million in the fourth quarter, as soaring digital sales couldn't make up for the loss of revenue from shuttered stores in most of the world. The world's largest sports apparel maker said Thursday that its revenue fell 38% to $6.31 billion in the three-month period ending May...