Bloomberg Gap Inc plummeted after announcing trouble at Old Navy — the brand that generates half of its sales and is seen as the apparel giant’s growth generator going forward. Nancy Green, who joined Old Navy in 2019 after having run Athleta, is leaving soon, Gap said. An external search is under way for her replacement. The retailer also ...

Bloomberg Russian Foreign Minister Sergei Lavrov warned there’s a “serious” risk of nuclear war over Ukraine, even as he signaled the Kremlin is willing to talk to the US to try to resolve the confrontation. “The danger is serious, real. It can’t be underestimated,” Lavrov said in a state TV interview broadcast. Invoking the Cuban missile crisis of 1962, when ...

  Bloomberg Sri Lanka’s President Gotabaya Rajapaksa and the cabinet are putting in motion plans to reduce his wide-ranging powers as opponents gained momentum in their push to oust his family over mismanagement of the economy. The cabinet approved a proposal by Prime Minister Mahinda Rajapaksa — the president’s brother — to return to the 19th amendment of the constitution ...