Bloomberg As an online grocer, Ocado Group Plc has always commanded a higher valuation than traditional retailers. But last week’s US deal puts its valuation multiples squarely in-line with Amazon.com Inc., and leagues away from the likes of Tesco Plc and J Sainsbury Plc. The company’s landmark technology-licensing deal with Kroger Co. sent the shares up 44 percent, squeezing short …

Bloomberg Chinese actress Li Yuchun glides down the hallway of Cannes’ Hotel Martinez in a tuxedo-inspired Jean Paul Gaultier gown and blue-gray pixie haircut, with a pack of L’Oreal videographers trotting backward to stay out of the frame. After striking a few poses on the marble staircase, she heads for the red carpet. The footage is rushed to L’Oreal’s editing …

Bloomberg China will “significantly increase purchases” of US goods, the White House said as Beijing’s special envoy at talks in Washington declared a trade war has been averted between the world’s two largest economies. A joint statement released by the White House following the talks didn’t place a dollar figure on the increased purchases by China, or address a comment …