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Primark sales gather pace, lag pre-pandemic levels

Bloomberg Associated British Foods Plc said sales at budget-clothing retailer Primark picked up during the first half but are still below pre-pandemic levels as omicron deterred some shoppers from leaving their homes. Primark’s sales are expected to rise more than 60% in the six months through March 5, AB Foods, which also owns grocery, agriculture and sugar businesses, said. The ...

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Garuda Indonesia plans to cancel jet orders

  Bloomberg Distressed flag carrier Garuda Indonesia plans to cancel billions of dollars worth of aircraft orders from Airbus SE and Boeing Co as part of a court-supervised debt restructuring to slash its debt and weather a slump in air travel due to the pandemic. The state-owned carrier wants to cancel its order for nine A330-900 jets and four A330-800s, ...

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Ukraine heading for more brutal phase of war as Russia regroups

Bloomberg Russia’s invasion of Ukraine is entering a new phase, promising a more deadly time ahead for the country’s civilians and its remarkably determined army, according to Western military officials. Early signs are that Russian commanders are abandoning the approach that marked the first days of the conflict, in which they relied on lightning strikes into cities they assumed would ...

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