Bloomberg A Spanish truck-driver strike going on for the last week is now delaying deliveries by Inditex SA, the world’s largest clothing retailer. Inditex is warning clients that buy products on its Zara website that shipments could suffer delays due to the strike. The strike over fuel prices has been disrupting supply chains in the country. Last week, a ...

  Bloomberg Ted Baker shares gained the most in almost two years after Sycamore Partners Management said it’s considering making an offer for the UK fashion brand, which lost more than 90% of its value in the past four years. The private equity firm said the considerations are in the early stages and there’s no certainty it will make an ...

Bloomberg Canadian retailers posted stronger-than-expected revenue gains in January, though business waned in February, according to data from the country’s statistics agency. Sales jumped 3.2% in January, led by a pick-up in auto sales but with broad-based increases across sectors, Statistics Canada said in a release. That momentum didn’t continue into February, when receipts fell 0.5%, according to preliminary estimates ...

  Bloomberg Chinese equities fall on Monday as traders remained concerned about whether there would be adequate policy support to spur growth after lenders left the borrowing costs unchanged. The CSI 300 Index closed down 0.2% after falling as much as 1%. Rate-sensitive financial firms and property developers weighed on the market. The Hang Seng China Enterprises Index, which tracks ...

  Bloomberg Dentists, surgeons and other suburban millionaires don’t loom large on the client rosters of buyout funds run by the most elite investment companies. But inside Blackstone Inc, plans are afoot to develop its first private equity fund targeting such individuals as part of a project codenamed “BXPE.” The goal: build new war chests that would eventually gather tens ...

  Riyadh / WAM Arab coalition has intercepted terrorist Houthi militia’s latest attacks targeting Saudi civilian objects and economic installations. Brigadier General Turki Al-Malki, the Official Spokesperson of the Coalition to Restore Legitimacy in Yemen, has said that the Houthi militia has escalated its hostile, cross-border attacks towards the Kingdom last night and earlier this morning, targeting civilian objects and ...

Bloomberg The world’s three biggest oilfield service providers are halting future work in Russia in response to President Vladimir Putin’s invasion of Ukraine, announcing their decisions separately and within 24 hours of each other. Baker Hughes Co said it’s suspending new investments in Russia operations but continuing with existing work there, according to a statement. That followed a similar statement ...

Bloomberg European Union leaders may hold off on endorsing intervention in the bloc’s wholesale energy market as member states are divided on the most effective emergency options to curb soaring power and gas prices, exacerbated by Russia’s invasion of Ukraine. Instead, at a summit in Brussels, the EU heads of government may agree on immediate actions to replenish depleted natural ...

Bloomberg Italy will impose a windfall profit tax of 10% on some energy companies to finance a 4.4 billion-euro ($4.9 billion) package of measures to protect consumers and businesses from soaring prices. The levy will be calculated on the increase in profit that energy companies reported between October 2021 and March 2022, compared with the same period the previous year. ...

  Bloomberg Mexico City’s newest airport, opening on March 21, is meant to relieve traffic at the mega-city’s main hub. The eight daily flights it will start with won’t achieve this — but that’s beside the point for President Andres Manuel Lopez Obrador. The Felipe Angeles airport, located about 50 kilometres (31 miles) north of Mexico City’s centre, is a ...