Bloomberg Tesco will announce a share buyback program this week when it reports first-half results, the Sunday Times reported. The retailer will maintain its normal dividend along with the buyback plan, although a special payout is not thought to be on the cards, according to the report. Tesco will be disciplined in its approach to buybacks, the report cited unidentified …

Bloomberg European stocks and US index futures declined as concerns about slowing growth and persistently high inflation kept investors on the edge. Contracts on the S&P 500 Index fall 0.5% after the underlying gauge posted the biggest weekly loss since February. Iron ore to aluminum rallied as a global supply crunch turned commodities into a sellers’ market. West Texas Intermediate …

Bloomberg Makers of vaccines and other coronavirus treatments dropped in Asia after Merck & Co. said its experimental pill cuts the risk of hospitalization and death from Covid-19 in half. The declines followed a slump in shares of BioNTech SE and Moderna Inc. in New York after Merck delivered the news on its drug, which is seen by some as …