Look past the fracas about Jamie Dimon’s shifting prognosis for the US economy — from cautious optimism a week ago to warning of an imminent “hurricane.” What matters is that a titan of American finance is prepared to say what too few have over recent decades: Domestic conditions can look pretty good, until they’re quickly undercut by adverse events ...

  Bloomberg The day after Wuhan went into a lockdown in January 2020, Singapore Airlines Ltd Chief Executive Officer Goh Choon Phong called a crisis meeting at Airline House, the company’s massive, factory-like headquarters at the end of Changi Airport’s runways. The question to be answered: How bad is this going to be? Within weeks, as China locked down more ...

  Bloomberg Alibaba Group Holding Ltd replaced Lazada Group Chief Executive Officer Chun Li with the head of its Thailand business and one-time business assistant to Alibaba CEO Daniel Zhang as competition in Southeast Asia intensifies. James Dong, 42, is taking the reins of Lazada, Alibaba’s Southeast Asian arm, with immediate effect while Li will serve as adviser to Lazada ...

  Bloomberg Plant milk is on the cusp of another boom as the industry courts a huge demographic it has ignored so far: children. Using colourful bottles of oat and pea milk packed with protein and prebiotics, the category is winning over parents. At Ripple Foods, a startup that has raised more than $200 million, its plant-based option for kids ...

  Bloomberg Denim maker Levi Strauss & Co is scaling up investment in its stores and website, as well as women’s apparel, to reach a sales target of $9 billion to $10 billion by 2027. In a new set of strategic targets, Levi now sees sales growth of 6% to 8% annually, up from its prior goal of 4% to ...

  Bloomberg Lady M is weighing a new funding round that could value the New-York based bakery chain at about $600 million, according to people familiar with the matter. The company, known for its signature Mille Crepes cakes, is looking to raise about $20 million to fuel its expansion in Asia, said the people, asking not to be identified discussing ...

Bloomberg Hungary’s obstinate approach towards negotiating sanctions against Russia are undermining European Union unity and weakening the bloc’s position on the world stage, a senior Czech official said. Czech Minister for European Affairs Mikulas Bek said Hungarian Prime Minister Viktor Orban’s stonewalling against efforts to pass a sixth package of EU sanctions, including an embargo on most Russian oil, had ...

Bloomberg Russian President Vladimir Putin’s invasion of Ukraine has prompted a major rewrite of the Biden administration’s National Security Strategy, according to people familiar with the matter. Early versions of the text, which is still being finalised, show how the administration’s priorities are shifting in response to Putin’s war in Ukraine and the burgeoning partnership between Beijing and Moscow. The ...

Bloomberg Estonian Prime Minister Kaja Kallas ended her 16-month governing coalition after weeks of political squabbling, saying she’ll seek to form a new alliance as the Baltic nation confronts its biggest security threat in decades. “There needs to be a functioning government that has shared values,” Kallas, the 44-year-old leader whose popularity has soared with her hard line on Russian ...

Bloomberg Brazil’s Luiz Inacio Lula da Silva plans to boost growth with a campaign against hunger and a program of government-led investments if elected president, all of that without jeopardising fiscal accounts, according to one of his closest aides. Alexandre Padilha, one of Lula’s many representatives in talks with financial markets ahead of the October vote, says that investors need ...