Bloomberg Philippine Airlines Inc. President Gilbert Santa Maria is stepping down from his role in the carrier, the Philippine Star reported Sunday, citing unnamed people in the industry. The board of directors of the airline, majority owned by billionaire Lucio Tan, is set to meet Monday, and Santa Maria’s departure is on the agenda, the Star reported. A Philippine …

  Bloomberg Pacifica Beauty LLC, a vegan beauty brand, sold a minority stake to private equity firm Brentwood Associates, according to people with knowledge of the matter. The company is valued at about $250 million in the transaction, one of the people said, asking not to be identified discussing private information. Representatives for Pacifica declined to comment. A spokesperson for …

  Bloomberg European stocks and US index futures rise, and a gauge of global equities pared its biggest monthly drop since March 2020, as investors bet corporate earnings will continue to grow amid aggressive tightening by the Federal Reserve. The Stoxx 600 gauge advanced for a fourth time in five days. Technology shares in Asia and Europe caught up with …