Bloomberg Vice President Kamala Harris announced $950 million in contributions from companies including Target Corp. and Nestle SA aimed at addressing poverty and violence that is driving migration from Central America. Target has promised to boost spending in the region by $300 million over a decade and increase the use of vendors from El Salvador, Guatemala and Honduras. Nestle ...

Bloomberg Japanese convenience store operator Lawson Inc. is exploring strategic options for its China operation, people with knowledge of the matter said, as consumption in the country recovers after Covid lockdowns. The Tokyo-based firm has held talks with advisers as it weighs possibilities to boost growth in the China unit, including introducing strategic partners and selling minority stakes. Deliberations are ...

Bloomberg Makers of infant formula use misleading marketing and aggressive lobbying tactics to drive sales in a $55 billion-a-year industry, according to a three-paper series from the World Health Organisation (WHO). Manufacturers make unsubstantiated claims about their products, such as that they are very similar to actual breast milk or can ease infants’ discomfort, say the WHO papers published in ...

  Bloomberg The Pentagon and Lockheed Martin Corp. have reduced laundry list of deficiencies on the contractor’s F-35 with fighter jet, the world’s costliest weapons program, due for a key combat simulation by mid-year. The number of “open deficiency reports” now stands at 831, the Defense Department’s F-35 program office said, down from 845 in September 2021. Earlier last year ...

Bloomberg Shell Plc faces a new front in climate litigation as lawyers, supported by a group of shareholders, sue the oil giant’s board in the UK. Two years after a Dutch court ordered Shell to slash its emissions, ClientEarth are filing the first lawsuit of its kind anywhere in the world against 11 members of the board, accusing them of ...

  Bloomberg ArcelorMittal SA cautioned on the outlook for steel demand, noting the woes of the Chinese real estate sector and tighter monetary policy could drag on consumption this year. Whether China will recover strongly after lifting tough coronavirus restrictions has been the key question for commodities markets. Industrial metals surged at the start of the year on bets of ...

  Bloomberg A unit of Vitol group agreed to acquire Petroliam Nasional Bhd.’s 74% stake in Engen Ltd., South Africa’s largest fuel-station chain, forming a retailer that spans the continent. The acquisition of the controlling stake in Engen from the Malaysian national oil company by Vitol’s Vivo Energy will help the energy trader form a group with 3,900 service stations ...

  Bloomberg China’s state-owned oil majors have stepped up Russian imports in a sign that Beijing is ready to give the go-ahead for more purchases of the country’s crude, according to industry consultants Energy Aspects. PetroChina Co. and CNOOC Ltd. recently resumed imports of waterborne Russian oil, with at least three supertankers of Urals-grade crude signalling China as a destination, ...

Bloomberg Air pollution from coal-fired power plants run by South Africa’s Eskom Holdings SOC risks killing 79,500 people from 2025 until they are due to be shut, according to a study submitted to a panel appointed by the government. The research by the Finland-based Centre for Research on Energy and Clean Air (CREA) assumes that the utility will continue to operate ...

Bloomberg Walt Disney Co. shares rose as much as 7% in early trading after Chief Executive Officer Bob Iger announced plans for a dramatic restructuring of the world’s largest entertainment company, including 7,000 job cuts and $5.5 billion in cost savings. The reductions include plans to cut $3 billion from its budget for movies and TV shows and the rest ...