Bloomberg Singapore’s contemplation of a potential nuclear power plant will depend on next-generation technologies, a move that indicates the goal is still decades away from fruition. The island state says so-called small modular reactors or other next-generation nuclear technology have the potential to be much safer than many of the plants in operation today, Minister of State for Trade …

  Bloomberg A Chinese fast-fashion company without a global network of physical stores of its own is seeking a valuation that could be more than the combined worth of high-street staples Hennes & Mauritz AB and Inditex SA’s Zara. Shein, an online-only retailer of inexpensive clothes, beauty and lifestyle products that pumps out over 6,000 new items daily, is in …

Bloomberg Ryanair Holdings Plc narrowed the range for its annual loss as Europe’s biggest low-cost carrier turns the page on a year disrupted by the coronavirus pandemic. The loss for the year ended on March 31 will be between 350 million euros and 400 million euros ($387 million-$440 million) before special items, the Dublin-based carrier said in a statement. Ryanair …

  Bloomberg Sneaker marketplace StockX responded to a trademark-infringement lawsuit from Nike Inc, saying in a court filing that the world’s largest athletic-wear company shows a “fundamental misunderstanding” of nonfungible tokens. In February, Nike filed a complaint in federal court in Manhattan accusing StockX of “blatantly freeriding” on Nike’s trademarks and goodwill with a new service called Vault NFTs. StockX …

  Bloomberg Among the top things that infuriate watch aficionados: replicas, fashion timepieces and battery-powered movements. And yet, the $260 Swatch homage to the Omega Speedmaster that debuted a week ago and caused shopping pandemonium checks all three of those snob boxes, making the collaboration an even more remarkable hit. From London to Berlin to Melbourne, eager consumers snaked around …

  Bloomberg Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr said Rome could become the group’s fifth hub with the acquisition of new Italian flag carrier ITA Airways. “Italy is a strong market,” Spohr said in an interview with Corriere della Sera published. “Rome could play a very important role within Lufthansa, integrating our system with a southern hub for …

  Bloomberg Luxury-goods group Kering SA agreed to pay 187 million euros ($206 million) to settle an Italian probe on alleged tax evasion at its Bottega Veneta unit, according to people familiar with the matter. Italian financial police found that Bottega Veneta used two Swiss affiliates to avoid paying taxes in Italy, the people said, asking to not be named …

Bloomberg The Tokyo Stock Exchange implemented its biggest revamp in over 60 years on Monday, with a long-awaited but largely symbolic restructuring of its market segments. Earlier hailed as a once-in-a-generation shift, the introduction of the three new sections — Prime, Standard and Growth — was intended to boost Japanese stocks’ appeal and understandability to foreign investors. But the restructuring …

  Bloomberg Stocks in Europe struggled for traction and US index futures slipped as traders weighed the latest developments in the Ukraine war, with some European governments pushing for stiffer sanctions on Russia amid reports that its troops executed unarmed civilians. The Stoxx Europe 600 index fluctuated at the open, with banks and car makers leading declines. The healthcare sector …

  Bloomberg At least a hundred companies worldwide have delayed or pulled financing deals worth more than $45 billion since Russia’s invasion of Ukraine. These include initial public offerings, bonds or loans and acquisitions. US equity market deals were the worst hit by global volatility in the first quarter as a crop of firms postponed listings, while Japanese and European …