Bloomberg Victoria’s Secret UK arm is appointing an administrator to help overhaul its business, amid plunging sales across the retail sector. The unit of Ohio-based L Brands Inc, which operates 25 stores in the country, will appoint Deloitte to renegotiate leases or sell the stores, Stuart Burgdoerfer, the unit’s interim chief executive officer, said in an emailed statement. Victoria’s Secret ...

Bloomberg German Chancellor Angela Merkel was caught off guard by US President Donald Trump’s decision to pull 9,500 US troops out of Germany by September. The government wasn’t officially notified by the US about Trump’s plan, and it has so far only found out about the matter from media reports, a German government official said on Saturday, declining to comment ...

Bloomberg Joe Biden has formally clinched the Democratic presidential nomination, according to the Associated Press tally, officially setting off his general election campaign to unseat President Donald Trump. The former vice president passed the milestone after collecting 1,993 delegates to the national convention, two more than the 1,991 needed to become the nominee. Mail-in ballots from Indiana, Pennsylvania and Rhode ...