Bloomberg Beyond Meat Inc slashed its revenue outlook for the full year, saying that shoppers are trading down from its plant-based options to cheaper animal proteins. The shares, which have lost about 50% of their value so far this year, fell 1.1% in New York trading. The maker of plant-based burgers is in a race to increase output and ...

Bloomberg China announced sanctions on US House Speaker Nancy Pelosi over her landmark trip to Taiwan this week, making her the highest-ranking US official designated for penalties by Beijing. The Chinese Foreign Ministry announced the unspecified sanctions against Pelosi and her immediate family after the speaker departed from Japan late Friday. Earlier, Foreign Ministry spokeswoman Hua Chunying told a regular ...

Bloomberg Police swarmed parts of central Delhi and detained some leaders of India’s main opposition Congress party as they took to the streets of the capital to protest against soaring prices and unemployment. Dressed in black to symbolize their anger, Congress lawmakers, including former party chief Rahul Gandhi, were protesting near the parliament building Friday. His sister and Congress party ...

Bloomberg When Group of Seven leaders gathered in the Bavarian Alps in June, they pledged to stand with Ukraine for the long haul. Their Group of 20 counterparts are proving less supportive. Comprising nations that account for some 85% of global economic output, the G-20 is supposed to be more reflective of the world. Yet only half its number has ...

Bloomberg Peruvian lawmakers are closer to the 87 votes needed to oust President Pedro Castillo amid a judicial investigation into the head of state, according to an opposition legislator pushing for the removal. A group of parties in Peru’s congress are writing a third impeachment motion against Castillo that could lead to his removal from office and his replacement with ...

  Bloomberg Rwanda is equipping and fighting alongside a rebel group in Democratic Republic of Congo, a report by a United Nations group of experts on Congo showed. The panel presented evidence based on eyewitness testimony and drone footage that the Rwanda Defence Force has supported the M23 rebel group since November, according to the report sent to the UN ...

  Bloomberg Credit Suisse Group AG executives are discussing reducing thousands of roles globally as the struggling European lender seeks to slash its overall cost base by an additional $1 billion. The bank, which began trimming front line roles in Asia last month, is mulling an aggressive plan to reduce its headcount, which stood at 51,410 at the end of ...

Bloomberg India’s top mortgage lender Housing Development Finance Corp. (HDFC) said it has secured the world’s biggest social loan, a $1.1 billion facility to fund affordable residences, underscoring potential for sustainability-linked financing. The loan package has been priced at a margin of 90 basis points over secured overnight financing rate. MUFG Bank Ltd. was the lead social loan coordinator and ...

  Bloomberg UK lenders are expected to hike mortgage prices in quick response to the Bank of England’s decision to raise rates by the most since 1995, the latest headwind for the country’s slowing property market. “I expect we will see a raft of increases from lenders pretty speedily, often with little notice, in the coming days,” said Andrew Montlake, ...

  Bloomberg DBS Group Holdings Ltd, Singapore’s largest lender that has been investing in India, said buying a stake in government-owned IDBI Bank Ltd. is not on its radar, even though it remained bullish about country’s growth prospects. Chief Executive Officer Piyush Gupta said the lender isn’t looking at a deal for the bank. His comments come after Indian media ...