Bloomberg Nestle SA said access to food is a basic right and a key value for the world’s largest food company following criticism the Swiss firm didn’t scale down its Russian activities quickly enough after the war in Ukraine started. After pressure built up, Nestle said it suspended the vast majority of manufacturing in Russia while maintaining the sale …

  Bloomberg India’s central bank signalled a shift in policy focus as it ramped up efforts to mop up excess liquidity in the banking system and raised its inflation forecasts, sending bond yields higher. While the Reserve Bank of India’s (RBI) rate-setting panel decided to hold rates and keep its accommodative stance, it also voted unanimously to focus on “withdrawal …

  Bloomberg BNP Paribas SA reached one of the most comprehensive work-from-home deals among major banks, with more than 132,000 employees given the option of doing their jobs from home for up to half the week. Staff in 22 countries across Europe can decide to work from home every week for as much as 2.5 days or to adopt a …

  Bloomberg Credit Agricole SA acquired a minority stake in Italy’s Banco BPM SpA, in a deal that may spark speculation it is aiming for a full takeover. The French bank said it has built a 9.18% holding in Banco BPM. It’s not applied for authorization from regulators to increase its holding above 10%, according to a statement. Consolidation of …

Bloomberg In most of the world, exchange-traded funds (ETFs) are simply tools that allow investors to track a certain set of stocks. In Japan, they’ve been saddled with everything from propping up the market and boosting inflation, to accelerating economic growth, improving corporate governance and even encouraging gender equality. Such wide-ranging goals have led the Japanese central bank to amass …

  Bloomberg Stocks are ending the week on a positive note, with European equities snapping two days of declines sparked by the Federal Reserve’s plan for aggressive monetary-policy tightening. The Stoxx Europe 600 index climbed more than 1%, with all industry sectors in the green and energy and basic resources leading the advance. Swedish truck maker Volvo AB declined after …

  Bloomberg Jet Airways India Ltd, which is undergoing a court-monitored restructuring, plans to return with a hybrid of premium and no-frills services that would allow the former top local airline to claw back market share while managing costs in the fiercely competitive Indian aviation market. The bankrupt airline, now helmed by a new set of owners, will have a …

  Bloomberg A key lawmaker said that he opposes giving Boeing Co more time to certify its Max 10, signalling potential and costly delays for the planemaker’s next model of the 737. Representative Peter DeFazio, the Oregon Democrat who leads the House Transportation and Infrastructure Committee, said in an opening statement at a hearing that he would oppose Congress extending …

  Bloomberg Hong Kong has ceased to function as an international aviation hub as it curbs inbound flights and quarantines arriving passengers, according to a trade group representing hundreds of airlines worldwide. “It’s effectively off the map now, and I think it’s going to be difficult for Hong Kong to recover,” Willie Walsh, director general of the International Air Transport …

  Bloomberg Walmart Inc, which for years has managed its sprawling operations from a famously drab home office, is following through on plans to boost the amenities at its new headquarters complex. A fitness centre will feature tennis courts, three indoor pools and a teaching kitchen, while a child-care centre will be able to accommodate as many as 500 kids, …