Bloomberg Singapore’s GIC Pte and private-equity firm TPG will invest a combined $1 billion in Indian billionaire Mukesh Ambani’s retail unit, taking total inflows into the business to about $4.4 billion. GIC will spend 55.1 billion rupees ($753 million) for a 1.22% stake in Reliance Retail Ventures Ltd, while US-based TPG will take 0.41% for 18.4 billion rupees, the Indian ...

Bloomberg President Donald Trump’s re-election campaign has seen its candidate, campaign manager and party chairwoman all laid low by Covid-19. He is short on cash, Democrat Joe Biden is pulling away in the polls and his best hope to climb back — the raucous rallies that fuelled his 2016 win — is on hold indefinitely as the last month of ...

Bloomberg Sudan’s main sea ports were blockaded by protesters opposed to part of a peace deal with rebels, targeting some of the ravaged economy’s major conduits for trade. Demonstrations forced facilities to close at Port Sudan and Suakin, both on the Red Sea, according to the head of a local labour committee that backs the action, Abdou Alshirbini. Protesters planned ...