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‘Fair & Lovely rebrand in India will be costly’

Bloomberg Hindustan Unilever Ltd’s decision to rename its melanin-suppressing face cream, Fair & Lovely, will probably need a large media campaign to win over consumers which poses short-term risk to its margin in that particular segment, according to Jefferies India Pvt. The product, which earns more than $500 million in annual revenue for Unilever Plc from India alone, will be ...

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White House denies Trump briefed on Russia bounty plan

Bloomberg The White House denied reports that President Donald Trump had been briefed by intelligence officials about, but had done nothing to respond to, an effort by Russian President Vladimir Putin to put bounties on US and allied troops in Afghanistan. The statement came shortly after Democratic presidential nominee Joe Biden slammed Trump for the alleged inaction, which was first ...

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China lawmakers to vote on HK law

Bloomberg China’s top legislative body will vote on Hong Kong’s security legislation on Tuesday morning, the day before the city’s handover anniversary, Now TV News reported, signalling Beijing may soon hand down a measure that pro-democracy activists and business groups say could erode the city’s unique freedoms. At a three-day meeting that started on Sunday, the National People’s Congress Standing ...

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