Bloomberg Bonds that are supposed to make banks stronger may end up causing another crisis. The 178.6 billion euros ($222 billion) of notes that are meant to absorb losses at European banks — while keeping them a going concern — have gone largely untested. Actually triggering these contingent convertible notes, or CoCos, could spook investors and destabilise other lenders, especially …

Bloomberg Amazon.com Inc. is taking aim at France, securing a delivery deal with Casino Guichard Perrachon SA that shakes up one of Europe’s most competitive grocery markets. Groceries from Casino’s Monoprix stores will be sold via Amazon’s Prime Now service in Paris and the surrounding region, the companies said. The move comes as Amazon pushes further into food in Europe …

Bloomberg Swedish fashion retailer Hennes & Mauritz AB said it’s increasing markdowns this quarter after accumulating a record pile of unsold garments worth more than $4 billion. Operating profit fell 62 percent to the lowest level in 16 years as inventory rose to 17.6 percent of sales in the first quarter. The stock slumped to the lowest in almost a …