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Chewy stock sinks on cut to sales outlook

  Bloomberg Chewy Inc tumbled after the online seller of pet supplies cut its revenue outlook and said customer growth has slowed. Sales in the current fiscal year will total no more than $10 billion as customer pull back on discretionary goods such as toys and treats, Chewy said in a letter to shareholders. That’s down from a previous forecast ...

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Taiwan shoots down drone, risks escalation with China

Bloomberg Taiwan downed a civilian drone after weeks of complaints about incursions by unmanned aerial vehicles from China, a sign Taipei is pushing back against Beijing’s efforts to encroach on its territory. Taiwanese troops shot the drone down near Kinmen Island around noon Thursday after attempts to repel it failed, according to a statement from the garrison on the Taipei-held ...

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Former president Rajapaksa set to return to Sri Lanka on Friday

  Bloomberg Sri Lanka’s Former President Gotabaya Rajapaksa is set return to the island nation as early as Friday after he fled a surge in anti-government protests in July, according to people with knowledge of the matter. Rajapaksa is expected to stay in a house provided by the government in Colombo, the people said, asking not to be named because ...

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