Bloomberg What’s left of Venezuela’s manufacturing sector has survived government expropriations, frequent blackouts, a currency collapse and equipment shortages. But now there’s another threat: competition from imported versions of the companies’ own products. Shops across Venezuela stock Mexican-made Oreo cookies right next to the locally produced version. Kraft Heinz Co’s mayonnaise is being imported from Brazil and the US, even ...

Bloomberg UK retailers reported their slowest sales growth in five months during July as consumers shifted toward spending on entertainment and social gatherings and away from in-store shopping. The volume of goods sold in shops and online grew 6.4% in July compared to last year, the British Retail Consortium and KPMG said. A separate survey from Barclaycard showed more money ...

Bloomberg European leaders struggled to mask their frustration with President Joe Biden’s decision to withdraw the last US soldiers from Afghanistan and sought to distance themselves from the dramatic scenes unfolding across the war-torn country. German Chancellor Angela Merkel told reporters that the Nato mission in Afghanistan was “fundamentally dependent” on the US while French President Emmanuel Macron stressed that ...