Bloomberg Poland’s biggest retailers fall as the government pulls forward plans to restore a controversial sales tax to September. The Polish cabinet updated its legislation agenda on Tuesday, which includes fast-tracking a levy that was suspended for three years amid a European Union probe on whether it constituted illegal state aid. In May, Poland won a challenge against the European ...

Bloomberg Cosmetics maker Coty Inc will take a $3 billion writedown — about a third of its market capitalisation — as its aging mass-market brands face new competition from savvy upstarts in the booming beauty industry. The company, under pressure to turn its business around as revenues stagnate, laid out the first steps of a turnaround plan intended to revive ...

Bloomberg The world’s richest can’t give away their money fast enough — but that’s not stopping them from trying. Warren Buffett said he plans to donate $3.6 billion of Berkshire Hathaway Inc stock to five charities — one of his largest gifts ever — while Walmart Inc heir Jim Walton gave away $1.2 billion of the retailer’s shares. And Home ...