Bloomberg China Resources Holdings Co is weighing a Hong Kong initial public offering for its supermarket business CR Vanguard that could raise as much as $2 billion, according to people familiar with the matter. The state-owned conglomerate has held initial talks with potential advisers on the share sale plan, which could happen as soon as next year, the people said, ...

Bloomberg Financial investor Attestor Ltd has acquired a majority stake in German airline Condor, rescuing a company that’s survived on government support after the coronavirus pandemic punctured the boom in air travel. Attestor, a wealth management company with around 5.5 billion euros ($6.7 billion) in assets, will pump 200 million euros of capital into Condor and spend an added 250 ...

Bloomberg President Joe Biden said he would appoint a special envoy to address issues regarding North Korea and vowed to coordinate policy towards Pyongyang closely with South Korea’s government. Following meetings with South Korean President Moon Jae-in in Washington, Biden said he’s appointing Ambassador Sung Kim to be the special envoy and that the US and South Korea are willing ...