One aspect of the war in Ukraine demands much closer attention — the failure of the US and its rich-country friends to build strong partnerships with the developing world. Many governments in Africa, Latin America and Asia have distanced themselves from the allies’ response to Russia’s aggression. This is helping Moscow and does nothing to discourage other regimes with ...

  Bloomberg JetBlue Airways Corp improved its offer for Spirit Airlines Inc, boosting a breakup provision to $350 million and adding an upfront cash payment days before shareholders will vote on a pending buyout agreement with Frontier Group Holdings Inc. The revised offer increases JetBlue’s reverse breakup fee by $150 million and provides for about $164 million payable as a ...

  Bloomberg Wizz Air Holdings Plc said it will shutter its base in Doncaster, England, beginning from Friday after failing to secure guarantees over commercial terms at the airport, where it’s been flying since October 2020. The Budapest-based discount carrier said it will cancel all Wizz UK operations from the hub, known as Doncaster Sheffield, and that pilots and cabin ...

  Bloomberg Kohl’s Corp shares rose in early trading after the retail chain and Franchise Group Inc said they entered exclusive talks on a potential $8 billion takeover deal. The companies said in separate statements that they entered a three-week exclusivity period to discuss Franchise Group’s offer to buy Kohl’s for $60 a share. Kohl’s shares rose 9% to $45.90 ...

Bloomberg Stock splits were all the rage early this year as indexes hovered near record highs, with companies from Amazon.com Inc. to Alphabet Inc announcing them to make their share prices more alluring to individual investors. A few months on, the market has taken care of the problem. Amazon is among companies whose stocks have tumbled since the moves were ...

  Bloomberg Ryanair Holdings Plc is ordering South Africans traveling to the UK to complete a list of questions in Afrikaans to prove their identity — only one of 11 official languages spoken in the country. Europe’s largest low-cost airline imposed the measure to prevent the use of fraudulent passports, the company said in a statement. “If they are unable ...

  Bloomberg PT Garuda Indonesia plans to raise money via a two-stage rights issue, as the indebted airline looks to salvage itself. After the carrier and its creditors come to agreement on its debt, the Indonesian government will inject 7.5 trillion rupiah ($520 million) via a first rights issue, Deputy Minister of State-Owned Enterprises Kartika Wirjoatmodjo told a parliamentary hearing. ...

Bloomberg Chancellor Olaf Scholz said Germany is ready to deploy more troops to the Baltics as part of a Nato effort to build up its eastern flank in the face of Russia’s invasion of Ukraine. Baltic leaders had urgently pushed for an increased troop deployment to mount a stronger defense against a Russian threat — and the German move would ...

Bloomberg French President Emmanuel Macron’s fiercest domestic rivals are standing by him in a fresh row with the government in Kyiv over his calls not to shame Russia. Tensions between France and Ukraine worsened over the weekend after Macron told a national newspaper that allies shouldn’t “humiliate” Moscow to improve the chance of reaching a peaceful solution to its invasion ...

Bloomberg Boris Johnson sought to draw a line under the controversy that’s been threatening his leadership, though the scale of a mutiny against the British prime minister suggests his days may be numbered. The deep discontent within his Conservative Party was laid bare, when 211 Tory MPs backed Johnson in a confidence motion — but 148 voted against him. The ...