Bloomberg Ocado Group Plc added Spanish grocery chain Alcampo as a new client for its robotic warehouse business, which is gaining traction abroad as grocery e-commerce booms. The new contract will add to profit in coming fiscal years as these deals require an upfront investment, Ocado said. The company also maintained its full-year earnings forecast as strong sales in its ...

Bloomberg J Sainsbury Plc raised its profit forecast, underlining the bullish trends for UK supermarkets that have focused private equity bidders’ attention on the grocer’s smaller rival, Wm Morrison Supermarkets Plc. Sainsbury expects to generate profit of 660 million pounds ($917 million) this fiscal year, up from a previous forecast of 620 million pounds and exceeding pre-Covid levels, the grocer ...

Bloomberg Indian tycoon Gautam Adani is seeking a loan of about $1 billion to refinance existing debt of Mumbai’s international airport, according to people familiar with the matter. Barclays Plc and JPMorgan Chase & Co are among banks in discussions to provide the funds to Adani Airport Holdings Ltd, the people said. Deutsche Bank AG is also in talks to ...

Bloomberg Thailand plans to convert a terminal at the nation’s main international airport into a field hospital as a surge in coronavirus infections that’s straining the nation’s public health system shows little sign of easing. Airports of Thailand Pcl, operator of the Suvarnabhumi International Airport, has been asked to convert the newly completed terminal into a facility with an intensive-care ...

Bloomberg The US appointed a new top representative to Taiwan, in the Biden administration’s latest move to strengthen ties with Taipei amid increasing pressure from Beijing. Sandra Oudkirk is the incoming director of the American Institute in Taiwan’s Taipei office, the de facto US ambassador in the absence of official ties, succeeding Brent Christensen later this summer, the institute said ...

Bloomberg Haitian President Jovenel Moise was assassinated in a raid on his home by a group of unidentified people in the capital Port-Au-Prince, according to the nation’s interim prime minister Claude Joseph. First Lady Martine Moise was injured in the “barbaric” attack and is hospitalised, Joseph said in a statement, published by the nation’s embassy in Canada on Wednesday. Some ...

Bloomberg India’s Prime Minister Narendra Modi overhauled his cabinet in a bid to repair his dented image as the nation emerges from its devastating Covid-19 outbreak ahead of key state elections. Fifteen cabinet ministers and several junior ministers were sworn in by President Ram Nath Kovind at a ceremony in the colonial-era president’s palace in New Delhi on Wednesday. Ruling ...

Bloomberg Sweden’s interim Prime Minister Stefan Lofven won a narrow vote in parliament to form a new coalition government as he seeks to keep the far-right from gaining influence in the largest Nordic nation. Lofven, 63, resigned as prime minister just three weeks ago, following a no-confidence vote triggered by a plan to deregulate rental housing. The vote on Wednesday ...

Bloomberg Malaysia’s Prime Minister Muhyiddin Yassin has promoted two senior ministers into his cabinet as he seeks to win over a major coalition partner before the country’s suspended parliament reconvenes later this month. Muhyiddin appointed Defense Minister Ismail Sabri Yaakob as his deputy, according to a statement from the Prime Minister’s Office, while Foreign Minister Hishamuddin Hussein has been promoted ...

Bloomberg The UK faces three potentially catastrophic risks to its public finances, the government’s budget watchdog said, underlining the challenge confronting Chancellor of the Exchequer Rishi Sunak to restore fiscal restraint. Unfunded pressures on government departments total some 30 billion pounds ($42 billion) over the next three years as a result of the pandemic, the Office for Budget Responsibility (OBR) ...