Bloomberg E-commerce fashion retailer About You AG and its shareholders are seeking as much as 941 million euros ($1.1 billion) in a Frankfurt initial public offering, betting that demand for its party outfits will ramp up as night life unlocks. Shares are being marketed at 21 euros to 26 euros apiece through June 14, with the new stock set to ...

Bloomberg Lufthansa Consulting GmbH is in talks with Sudan’s government over a role in restructuring one of Africa’s oldest airlines. “If not through a joint venture, they can help to restructure Sudan Airways so that it can be competitive,” Finance Minister Gibril Ibrahim said in an interview. He didn’t give more details or say at what stage the discussions were. ...

Bloomberg Reckitt Benckiser Group has agreed to sell its Chinese baby formula business to Primavera Capital Group in a deal with $2.2 billion enterprise value. Reckitt will retain an 8% stake and sees net cash proceeds of about $1.3 billion, which the company plans to use to reduce debt. The household products maker expects to record a net loss of ...

Bloomberg Vice President Kamala Harris warned Central Americans not to migrate to the US and said the Biden administration would intensify efforts to combat corruption in the region, after meeting with Guatemalan President Alejandro Giammattei. “Do not come. Do not come,” Harris said at a news conference in Guatemala City. “If you come to our border, you will be turned ...

Bloomberg A Senate investigation into the January 6 riot at the US Capitol found sweeping intelligence and law enforcement errors, including a lack of proper training and preparation for police who were unable to prevent protesters from breaching the building. The report found that Capitol Police had intelligence that an attack on the Capitol was possible but failed to communicate ...

Bloomberg Peru is headed for days of political uncertainty as the second-placed candidate in a tight presidential runoff accused her contender of election fraud and promised to fight until the very last vote is counted. Keiko Fujimori, a market favourite who lost her initial lead to leftist Pedro Castillo as votes from Peru’s rural areas trickled in, said the rival ...

Bloomberg Austrian Chancellor Sebastian Kurz is struggling to contain the political fallout from investigations into the inner workings of his government after a close ally who heads the state holding company was forced to resign in the wake of damaging message correspondence. Thomas Schmid stepped down as chief executive officer of OeBAG after leaked messages showed how he had orchestrated ...

Bloomberg United Nations Secretary-General Antonio Guterres won support from the UN Security Council on Tuesday for a second five-year term at the world body he’s led since 2017. Guterres, a 72-year-old former prime minister of Portugal, has struggled to forge diplomatic compromises in troubled hot spots amid deepening rifts between the US and its key rivals, Russia and China. He ...

Bloomberg Japanese banks are in a bind — again. Sitting on record levels of excess cash, lenders are turning to riskier investments that need complex foreign exchange hedges, such as US Treasuries, to make a return on deposits that ballooned during the pandemic. Many will be seeking to avoid past mistakes. The surplus, calculated by subtracting bank loans from deposits, ...

Bloomberg Market watchers haven’t been this bullish on State Bank of India in almost two decades, as they bet on the lender’s improving asset quality to help it weather the pandemic. Among 48 analysts who cover the stock, 47 recommend buy and only one has a hold rating — a ratio of 98% that’s the highest since June 2004, according ...