Bloomberg Bed Bath & Beyond Inc shares jumped 18% after a report that the home goods retailer has selected a lender to provide financing as it seeks to boost liquidity. The company has picked a lending proposal after talks with investors for a new line of credit, Bloomberg reported, citing people with knowledge of the private discussions. Bed Bath ...

Bloomberg Qantas Airways Ltd Chief Executive Officer Alan Joyce defended the airline’s performance and pushed back against calls for him to resign after months of travel chaos, with a post-pandemic surge in demand plagued by flight delays, cancellations and lost luggage. “I think I’ve had more resignation requests than any other CEO or public figure out there,” Joyce, who has ...

  Bloomberg England’s elite football clubs wanting to travel to games by private plane are having to do something unfamiliar: get in line. Rising demand for chartered air travel in the UK means many English Premier League clubs are seeing their plans for getting to and from away matches disrupted, an issue that some coaches have already blamed for disappointing ...

  Bloomberg A sportswear company founded by an Olympic gold medalist saw the biggest surge in growth in a ranking of the 100 most valuable brands in China this year. Athletic apparel maker Li Ning Co had its brand value jump 66% to $3.4 billion, the quickest pace in the annual list compiled by Kantar BrandZ. Its rise was fuelled ...

  Bloomberg Macy’s Inc cut its full-year forecast for profit and revenue, citing tighter consumer budgets and an industrywide inventory glut that is leading to steeper markdowns. Earnings per share, excluding some items, are now expected to be at least $4 for the fiscal year, compared with a prior outlook of at least $4.53, Macy’s said in a statement. The ...

Bloomberg Taiwan welcomed its third US congressional visit this month, as Senator Marsha Blackburn began a three-day trip to the island that’s likely to further test Washington’s tense ties with Beijing. Blackburn, a Republican on the Senate’s Armed Services Committee which oversees defense policy, met Taiwan President Tsai Ing-wen on Friday morning, after landing in Taipei the previous evening. Days ...

  Bloomberg Representatives from Turkey, Finland and Sweden met on Friday and agreed on further talks as the Nordic countries seek to convince Turkey to ratify their applications to join defense alliance Nato. The meeting of officials took place in Vantaa, Finland, on Friday, the Finnish government said in an emailed statement. Turkey remains one of seven members of the ...

  Bloomberg President Joe Biden’s approval rating rose to 44% in the latest Gallup poll, the highest in a year and a fresh sign he and his party are gaining political ground ahead of November midterm elections. Biden’s approval rating in August jumped six percentage points from July, when it hit a low of 38% in Gallup’s survey. But even ...

Bloomberg President Vladimir Putin ordered his army to boost its troop total by 137,000 to 1.15 million, the highest level in more than a decade, as Russia digs in for its war against Ukrainian forces backed by the US and its allies. Putin’s brief decree, published on the Kremlin’s website, didn’t explain the motivation for the increase or where the ...

  Bloomberg Ukrainian President Volodymyr Zelenskiy reinforced his call for occupying Russian troops to withdraw from Europe’s biggest nuclear power plant after damage to transmission lines in the occupied territory disrupted power supply. There are no immediate safety concerns and the Zaporizhzhia Nuclear Power Plant is being powered through a restored electricity line, Ukraine’s state-owned nuclear operator Energoatom said. Transmission ...