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 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, …