Bloomberg Future Retail Ltd’s dollar bonds plunged on an Indian court temporarily restraining parent Future Group from selling its retail assets to Reliance Industries Ltd, after Future’s partner Amazon.com Inc had sought the suspension. The Delhi High Court ordered the Future Group and Indian authorities to ensure the status of the indebted Indian retailer’s assets are maintained as is, putting ...

Bloomberg JetBlue Airways Corp has remodeled its premium Mint cabin for the company’s trans-Atlantic debut later this year, changing the seats into “suites” with sliding doors and adding two larger “studios.” The carrier will offer 24 premium berths on flights connecting New York and Boston with London, which are set to begin in the third quarter with single-aisle Airbus SE ...

Bloomberg Ulta Beauty Inc, US’s biggest cosmetics retailer, plans to increase spending on inclusion and antidiscrimination training programs and will boost the number of products for sale by Black-owned businesses as the industry tries to address racial inequality. Included in the commitment is $2 million for staff training this year to “ensure equality in guest experiences.” In 2019, several Ulta ...

Bloomberg Dennis Muilenburg, the former chief executive officer of Boeing Co who stepped down during the 737 Max crisis, has filed for a blank-check company. His special purpose acquisition company (SPAC) is called New Vista Acquisition and is seeking to raise $200 million, a filing showed, which confirmed an earlier Bloomberg News report. It intends to focus on finding a ...

Bloomberg Hormel Foods Corp is nearing a deal to buy the Planters snack business from Kraft Heinz Co in a deal valuing the peanut brand at about $3 billion, according to a person familiar with the matter. A deal could be reached as soon as next week, according to the person, who did not want to be identified discussing the ...

Bloomberg Myanmar authorities filed criminal charges against former leader Aung San Suu Kyi for possessing illegally imported walkie-talkies just days after the military ousted her government in a coup. Suu Kyi was charged for breaching an import-export law and faces as many as three years in prison if convicted. The police incident report indicated that unauthorised telecommunications equipment was found ...

Bloomberg President Joe Biden ordered a review and possible repeal of Trump-era policies intended to deter illegal migration at the US-Mexico border and make it harder to legally obtain immigrant visas. The trio of directives, which Biden signed Tuesday, also creates a task force led by the Department of Homeland Security to reunite families separated by President Donald Trump’s so-called ...

Bloomberg Russia imprisoned opposition leader Alexey Navalny for two years and eight months, drawing condemnation from Western leaders as President Vladimir Putin seeks to crush a resurgence in protests against his rule. A Moscow court converted a suspended sentence that Navalny, 44, received for a 2014 fraud conviction into a prison term for alleged violations of his probation. His 3 ...

Bloomberg A World Health Organisation (WHO) scientific team in China to investigate the origins of the coronavirus visited the Wuhan laboratory that’s been at the center of months of speculation over how the disease jumped to humans. The international group of scientists arrived at the Wuhan Institute of Virology, home to a high-tech laboratory that studies some of the world’s ...

Bloomberg Mexican authorities arrested a dozen police officers in connection with the murder of 19 people in Tamaulipas state, according to local Attorney General Irving Barrios Mojica. The officers were charged with homicide, abuse of authority and giving false statements, Barrios said. Interior Minister Olga Sanchez, who is standing in at daily press briefings for President Andres Manuel Lopez Obrador ...