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Revlon prepares to file for bankruptcy

  Bloomberg Cosmetics giant Revlon Inc is preparing to file for Chapter 11 bankruptcy as soon as next week as it battles supply chain problems and a heavy debt load, according to people with knowledge of the matter. Talks around the potential filing aren’t final and could change, said the people, who asked not to be named discussing private negotiations. ...

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Fighting rages as Ukraine’s leader pleads for artillery

Bloomberg Russia continued its assault on Sievierodonetsk, pushing Ukrainian troops out of the center of Kyiv’s last major foothold in the Luhansk region. President Volodymyr Zelenskiy called the fighting “very fierce” and his top military commander pleaded for the US to send more artillery. Moscow’s use of cluster munitions and indiscriminate shelling in Kharkiv, Ukraine’s second-largest city, constitutes a war ...

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US makes Asia inroads by playing down need to oppose China

  Bloomberg The US sought to bolster its support in Asia by reassuring nations they don’t need to join a coalition against China, drawing a stark contrast with Beijing’s threats to defend its interests with military force. Defense Secretary Lloyd Austin told Asia’s biggest security forum that the US was taking “wise counsel” from smaller countries, saying they should be ...

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