Bloomberg Foot Locker Inc shares climbed after its forecast showed the retailer is overcoming Nike Inc’s move to sell more shoes via its own channels. Foot Locker said that it now expects full-year sales and profit to be at the high end of its prior expectations. Chief Executive Officer Dick Johnson said the company is “off to a strong ...

  Bloomberg Rapid delivery companies have curbed their ambitions in the Netherlands after disgruntled Dutch cities put a halt on the explosive growth of their distribution centers. After months of consultations, Flink SE, Getir and Gorillas signed a joint code of conduct that could crimp their ability to make super-fast deliveries in a concession to Dutch municipalities. The companies pledged ...

  Bloomberg Air France-KLM is in talks with Apollo Global Management Inc about a 500 million-euro ($528 million) capital injection that would allow the carrier to repay a chunk of the state aid that helped it survive the Covid crisis. The funding would see the US private-equity firm provide capital to an Air France affiliate that owns a pool of ...

  Bloomberg A retailer that has come to represent the resilience of New York City is making a comeback. Century 21 will be returning to its flagship location in downtown Manhattan in spring 2023 and is teaming up with retail operator Legends to again showcase a selection of off-price luxury goods. The store will occupy four floors of 22 Cortlandt ...

  Bloomberg President Joe Biden said the US military would intervene to defend Taiwan in any attack from China, comments that appeared to break from the longstanding US policy of “strategic ambiguity” before they were walked back by White House officials. Asked during a press briefing on Monday in Tokyo whether the US would be willing to get involved militarily ...

Bloomberg Ukrainian President Volodymyr Zelenskiy said Russia’s economy should be shut off from the world and invited global investors to shift resources into Ukraine to help rebuild the country from the devastation wrought by Vladimir Putin’s war. “This is really the moment when it is decided whether brute force will rule the world,” the Ukrainian leader said in a keynote ...

Bloomberg Anthony Albanese has been sworn in as Australia’s 31st prime minister in a short ceremony in Canberra, taking office with a promise of swift action on climate change, greater gender equality and improved wage growth. Albanese moved quickly to be sworn in as Australia’s next leader as the PM is expected to fly out to Japan to take part ...

Bloomberg The latest test of former President Donald Trump’s sway over Republican voters will wrap up Tuesday night in Georgia’s primaries. So far, it’s not looking good. Former US Senator David Perdue, whom Trump tapped to oust incumbent Republican Governor Brian Kemp, has more than a 20 percentage point disadvantage in polls, in a race Trump once called a top ...

Bloomberg The United Nations’ human rights chief told diplomats her trip to Xinjiang wouldn’t be an “investigation,” in an apparent attempt to manage expectations of her landmark visit to China. Michelle Bachelet said her trip aimed to promote, protect and respect human rights, according two people who attended the video call with some 100 participants, who were mostly Beijing-based diplomats. ...

Bloomberg Germany supports a plan to suspend European Union rules limiting deficits and debt by an additional year to the end of 2023, according to officials familiar with the government’s stance. The European Commission, the EU’s executive arm, proposed on Monday to maintain the so-called general escape clause of the bloc’s Stability and Growth Pact until the end of next ...