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India’s Future urges to quash Amazon deal

Bloomberg Future Retail Ltd’s independent directors have urged India’s antitrust body to revoke its approval of a 2019 deal between one of its group companies and an Amazon.com Inc unit, saying the American retailer lied to the regulator. Amazon obtained the Competition Commission of India’s approval for its purchase of 49% of Future Coupons Pvt with an option to buy ...

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US, China seek to stabilise ties with Biden-Xi summit

Bloomberg US President Joe Biden and Chinese leader Xi Jinping have plenty to discuss during their first virtual summit — from sanctions to Taiwan — even as expectations for a breakthrough on major issues are low. A Biden administration official said the US expects the virtual summit in Washington to last several hours, a time frame that includes translation for ...

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Nato chief alarmed by Russian troop buildup near Ukraine border

Bloomberg The head of the North Atlantic Treaty Organisation (Nato) military alliance urged Russia to prevent any escalation in the wake of its build-up of forces near the border with Ukraine. “What we see is a significant, large Russian military build-up, we see an unusual concentration of troops and we know Russia has been willing to use these types of ...

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