Bloomberg Amazon.com Inc will supplant Walmart Inc as the biggest US retailer by 2025, according to a new report, suggesting the e-commerce giant has too much momentum for Walmart to stop despite big investments in its own e-commerce offerings. By 2025, US shoppers will buy $632 billion worth of products at Amazon and retail afflilites including Whole Foods Market, surpassing ...

Bloomberg Virgin Atlantic Airways Ltd said places tipped to be on a UK list of destinations set to reopen from mid-May could bring back a significant portion of its pre-coronavirus business, shrinking losses this year. The US, Israel and the Caribbean accounted for 80% of Virgin Atlantic’s 2019 network and could all feature on the list set to be revealed ...

Bloomberg North Korea is pushing back at President Joe Biden’s comment labeling the country a serious threat, and issued new warnings to South Korea for not stopping activists from sending anti-Pyongyang leaflets across the border. Biden’s comment on North Korea was “intolerable,” Kwon Jong Gun, director general of the Asian country’s Department of US Affairs of the Foreign Ministry, said ...