Bloomberg Saudi Arabian grocery chain BinDawood Holding bought a majority stake in e-commerce app manager and developer International Applications Trading Co for an initial payment of $28.7 million that could increase subject to future profitability milestones. BinDawood Holding, through its Future Technology Retail unit, signed a definitive agreement to acquire a 62% stake in IATC, according to a statement. ...

  Bloomberg The US Federal Aviation Administration’s (FAA) chief of safety is becoming the agency’s acting leader next week. Billy Nolen, who joined the FAA this year after a career as an airline pilot and executive, will be the temporary replacement for Steve Dickson, who is stepping down on Thursday. The appointment was announced in an FAA press release. The ...

Bloomberg US President Joe Biden called for the ouster of Vladimir Putin, an unscripted and revealing aside that risks feeding the Russian president’s narrative that the conflict is in fact an effort to remove him from power, not simply to stop his invasion of Ukraine. Biden took the stage in Warsaw to deliver one of the most consequential speeches of ...