Bloomberg Ocado Group Plc shares approached a two-year low after its online grocery joint venture with Marks & Spencer Group Plc warned that revenue may grow less than expected amid rising energy costs. Ocado Retail, as the venture is called, said it’s starting to cut costs across the business after first-quarter sales dropped 5.7%. Ocado shares fell as much ...

Bloomberg President Joe Biden will speak on Friday with Chinese President Xi Jinping, as the US leader looks to shore up global pressure on Russia to halt its war in Ukraine. “This is part of our ongoing efforts to maintain open lines of communication,” White House Press Secretary Jen Psaki said in a statement. “The two leaders will discuss managing ...

  Bloomberg President Vladimir Putin warned he would cleanse Russia of the “scum and traitors” he accuses of working covertly for the US and its allies, as the government steps up pressure on domestic critics of his war against Ukraine. Facing economic meltdown three weeks into the invasion, the Russian leader accused the West of wanting to destroy Russia in ...