Bloomberg Amazon.com Inc shareholders delivered a rebuke to the company over the pay for Chief Executive Officer Andy Jassy and other top executives, with an unusually close vote in the symbolic measure to ratify compensation packages for the company’s leaders. Vote totals disclosed in a filing show 56% of shareholders supported the company’s executive pay for 2021, which included $350 …

Bloomberg Big retailers rushed to build up inventories last year amid soaring consumer demand and transportation bottlenecks — going so far in some cases as to rent their own cargo ships. Now, they’re trying to figure out how to sell all their stuff. Inventories rose $44.8 billion for companies on S&P consumer indexes with a market value of at least …

  Bloomberg Ted Baker Plc gained on a report that Authentic Brands Group Inc is in talks with the UK fashion chain over a takeover bid worth about 300 million pounds ($379 million). Authentic Brands has indicated it’s willing to pay more than 150 pence per share for Ted Baker, Sky News reported, citing a person familiar with the situation. …

  Bloomberg Norwegian Air Shuttle ASA reached an agreement in principle with Boeing Co for the purchase of 50 737 Max jets, to be delivered when the carrier’s existing leases end. The airline will take delivery of the planes between 2025 and 2028, according to a stock exchange filing. Norwegian expects to finalise the order, which also includes options for …

  Bloomberg As border curbs and mandatory quarantines fall away, a fresh challenge is emerging for global aviation — rehiring staff fast enough to cope with a rebound in air travel that is already straining the industry. Singapore, which has flung open its borders again, is hosting a two-day job fair targeting everyone from graduates to mid-career professionals and former …

  Bloomberg China will allow foreign institutional investors to trade bonds on its smaller exchange market in its latest step to attract more capital inflows by opening its financial markets, after a record selloff of Chinese holdings by foreign investors. Qualified foreign institutional investors, which can include central banks, sovereign funds, commercial banks and pension funds, will be allowed to …

Bloomberg The European Central Bank’s debate over how aggressively to tighten monetary policy is likely to intensify this week in the prelude to a pre-decision blackout period as data probably show a new record for inflation. All but one economist surveyed by Bloomberg foresee an acceleration in annual price increases, with the median estimate at 7.8%. Out of the four …

  Bloomberg Citigroup Inc is advising investors to limit exposure to the yuan and remains cautious on emerging markets more broadly, saying China hasn’t done enough to ease the risk that its economic slowdown will threaten growth worldwide. China’s deepening slump, fears of a US recession and the Federal Reserve’s moves to shrink its balance sheet mean that any correction …

  Bloomberg European equities rose to the highest level in more than three weeks, trimming their monthly drop, after China relaxed some of the strictest virus controls of the pandemic, fuelling risk-on sentiment for economic recovery. The Stoxx 600 advanced 0.7% at 9:44 am in London, rising for a fourth day in the longest winning streak since March. Consumer and …

  Bloomberg Investors should be ready for China’s stocks to outperform as potential positive catalysts loom, according to Europe’s largest asset manager Amundi. The firm is turning more bullish on the country’s equities market after trimming exposure during first quarter’s harsh selloff, according to Vincent Mortier, Amundi’s chief investment officer. Key developments to watch include the potential rollout of a …