Bloomberg Royal Ahold Delhaize NV’s stock dropped after the Stop & Shop owner said it expects lower earnings per share this fiscal year as inflation weighs on consumers and the industry grapples with continued supply chain disruption. The retailer said it expects underlying earnings per share to decline by low- to mid-single-digits this year. The shares dropped as much ...

  Bloomberg Cathay Pacific Airways Ltd expects to continue operating at about 2% of pre-pandemic passenger capacity as long as Hong Kong, battling a rapidly worsening Covid-19 outbreak, keeps virus restrictions in place. Hong Kong’s main airline, which relies solely on international travel, carried 24,699 passengers in January, down 99.2% from the same month in 2019, prior to the pandemic. ...

  Bloomberg Vietnam will lift most restrictions on international travellers arriving in the country beginning from March 15, according to a post on the government’s website. International tourists must have proof of being vaccinated or recovery from Covid-19 with a negative test result ahead of departure under the current plan, the website reported. They would be required purchase Covid-19 medical ...

  Bloomberg Kering SA shares rose the most since 2020 after sales at Gucci, the luxury group’s biggest brand, blew past pre-pandemic levels on demand for its latest collection. A 32% jump in comparable revenue at Gucci during the fourth quarter was almost twice the increase analysts expected. The stock rose as much as 7.9%. Kering’s results provide more evidence ...

  Bloomberg Ukraine and Russian-backed separatists blamed each other for what they said was shelling in violation of a ceasefire in the Donbas region. Both Kyiv and Moscow expressed concern about the apparent uptick in violence. No deaths were reported and there was no immediate confirmation of the allegations. It wasn’t clear how much of an escalation they may represent ...

  Bloomberg France and its allies agreed to withdraw their forces from Mali after relations with the West African nation’s government deteriorated following a military coup. French, European and Canadian troops are planning a “coordinated withdrawal” from the country given “multiple obstructions by Mali’s transitional authorities,” the office of French President Emmanuel Macron said in a statement. “We can’t remain ...

  Bloomberg China is stepping up efforts to ease broad public anger over a mother of eight children who was found chained by the neck in a shack after local authorities were accused of downplaying the matter. The government of the eastern province of Jiangsu is forming a team to “find the truth, punish those who violated laws, hold those ...

  Bloomberg Hong Kong should consider postponing the city’s leadership election next month, a Chinese lawmaker said, in the most high-profile call yet for suspending the vote amid a surge in Covid cases. Tam Yiu-chung, Hong Kong’s sole representative member on China’s top legislative body, told a radio program that potential candidates might need to focus on containing the outbreak. ...

  Bloomberg Standard Chartered Plc (StanChart) will hand back $750 million through a share buyback despite missing estimates, as the bank looks to cost cuts and higher interest rates to boost returns. Adjusted pretax profits for 2021 rose 55% to $3.9 billion, missing a company-compiled estimate of $4.3 billion, dragged down by a $300 million writedown on its investment in ...

  Bloomberg Royal Bank of Canada (RBC) shareholders will vote on whether the bank should tighten its standards for sustainable finance, action inspired by a 2021 pipeline financing deal that was criticised for green-washing and general concern over lax standards for so-called sustainability-linked debt. Investors for Paris Compliance, a shareholder advocacy group set up last year to hold Canadian companies ...