Bloomberg Shares of Sanrio Co, the brainchild behind the Hello Kitty franchise, surged in Tokyo after the company signed a licensing deal with a unit of Alibaba Group Holding Ltd that will expand its reach in China. Shares rose as much as 15%, the biggest intraday gain in more than a decade, on trading volume more than five times ...

Bloomberg China urged Nato to abandon what it called a Cold War mentality after the military alliance said the Asian nation poses systemic challenges to security. Nato’s so-called Strategic Concept, a document on policy guidelines adopted at an alliance summit in Madrid on Wednesday, is “filled with Cold War thinking and ideological bias” and is “maliciously attacking and smearing China,” ...

  Bloomberg President Joe Biden said he told Turkish President Recep Tayyip Erdogan that he supported the sale of F-16 jets to modernise Turkey’s air force. “We should sell them the F-16 jets and modernize those jets as well,” Biden said at the conclusion of a Nato summit in Madrid on Thursday. “It’s not in our interest not to do ...