Bloomberg Activist investor Macellum Capital Management’s bid to overhaul the board of Kohl’s Corp was rejected by investors. Kohl’s shareholders voted against all 10 directors nominated by Macellum, according to a preliminary tally, the retailer said in a statement. The hedge fund has been pressuring the company for two years to overhaul its board or sell itself. That seems unlikely ...

  Bloomberg A Tibet Airlines plane burst into flames after veering off the runway during takeoff at China’s Chongqing Airport, footage on social media showed. The front portion of the Airbus A319 aircraft was engulfed in flames and enveloped by thick black smoke. Passengers carrying bags and other items were seen on the tarmac running away from the burning jet. ...

  Bloomberg Boeing Co would consider selling stock to repair its balance sheet if its battered shares recover and the company hits milestones like finally restarting 787 Dreamliner deliveries, Chief Financial Officer Brian West said. “All options are on the table,” West told a Goldman Sachs Group Inc conference. While a prominent customer has publicly questioned the company’s strategic vision ...

Bloomberg North Korea fired three short-range ballistic missiles from an area near Pyongyang toward waters off its east coast, South Korea said, the latest in a series of volleys ahead of a planned visit to the region next week by US President Joe Biden. Launched at 6:29 pm local time on Thursday, the missiles flew about 360 kilometres (224 miles) ...

Bloomberg The European Union’s top diplomat, Josep Borrell, is pushing member states to boost the amount of Ukrainian military aid the bloc will finance by 500 million euros ($522 million) to 2 billion euros, according to people familiar with the discussions. Member states have yet to agree to the proposal regarding the European Peace Facility, with Germany the main holdout ...

Bloomberg Croatia’s top diplomat rejected President Zoran Milanovic’s threat to veto the accession of Sweden and Finland into Nato, vowing that the government would ensure they were brought into the alliance. “We won’t be the only nation to defy the principles and values of Nato, which we fought so hard to join,” Foreign Minister Gordan Grlic Radman told reporters in ...

Bloomberg Kosovo’s announcement that it plans to join Europe’s top human rights body triggered a protest from Serbia, which has vowed to halt the attempts at international recognition of its neighbour, whose sovereignty it rejects. “Serbia can’t do much, but will fight on the international scene for further withdrawals of recognition of Kosovo independence,” Serbian President Aleksandar Vucic said in ...

  Bloomberg Ranil Wickremesinghe, a veteran lawmaker and former premier, has been named Sri Lanka’s next prime minister days after the last incumbent, the brother of President Gotabaya Rajapaksa, resigned in the face of escalating anger with the deepening economic crisis. The president’s media unit confirmed the appointment in a text message. No other details were immediately available. The announcement ...

  Bloomberg John Nkengasong, the outgoing head of Africa Centres for Disease Control and Prevention, said the continent is facing the dual pandemics of Covid-19 and HIV, which could lead to the emergence of new variants. As he readies himself to lead the US global AIDS program, he warned that the continent is on a very uncertain and unpredictable trajectory ...

  Bloomberg Fierce competition for workers pushed UK salaries higher in April, according to a survey that will put pressure on the Bank of England (BOE) to continue tightening monetary policy in its battle to tame inflation. As candidate availability declined for the 14th straight month, starting-salary inflation held close to a record high, the Recruitment and Employment Confederation and ...