Bloomberg A consortium backed by the billionaire Issa brothers is considering dropping out of the bidding for Walgreens Boots Alliance Inc’s international arm due to disagreements over price, people with knowledge of the matter said. The Issas, who were bidding together with TDR Capital, balked at a request by Walgreens to increase their offer for the Boots drugstore chain ...

Bloomberg Boris Johnson urged more military support for Ukraine as it battles Russian forces, including sending advanced weapons such as Multiple Launch Rocket (MLR) Systems that can strike targets from a far longer distance. The British prime minister aired his support for more arms for Ukraine as he pushed back against the idea that, with the war now in its ...

Bloomberg Former President Luiz Inacio Lula da Silva’s lead surged over incumbent Jair Bolsonaro as the field of candidates seeking Brazil’s top office thins out ahead of the October election, according to DataFolha’s latest poll. The 76-year-old leader of the Workers’ Party would win 48% of the first-round vote, while Bolsonaro would receive 27%, the survey found. In March, they ...

  Bloomberg New York City and Washington could be in for some window-rattling thunderstorms and gusty winds on Friday. Tornado watches were posted from Maryland to North Carolina on Friday, indicating the atmosphere was primed for the destructive storms, the National Weather Service said. As the day wears on, that risk will likely roll north into New Jersey, the upper ...

  Bloomberg Fiji will join the US in a wide-ranging economic initiative, making it the first Pacific Island country to do so as competition heats up between Beijing and Washington for influence in the Asia-Pacific. News of Fiji becoming the 14th country to join President Joe Biden’s Indo-Pacific Economic Framework (IPEF) came as China’s Foreign Minister Wang Yi made a ...

Bloomberg Former President Donald Trump must testify under oath in New York’s “well founded” probe of his company, a state appeals court ruled. The appellate panel in Manhattan upheld a lower-court ruling from February, rejecting Trump’s argument that New York Attorney General Letitia James opened the investigation because she’s politically biased. James, who is probing potentially fraudulent asset valuations at ...

Bloomberg The Biden administration is counting on a rule change to speed up asylum decisions at the southern border and help ward off the turmoil expected to come if a measure that limits those claims is allowed to expire. Department of Homeland Security officials will get the power to reject or approve asylum cases directly starting from May 31. It’s ...

Bloomberg Prime Minister Boris Johnson said the UK can a dodge a recession in the months ahead even as the cost of living crisis sets the stage for a “difficult” period. Economic pressures are emerging as the gravest political threat to Johnson and his party, beyond the various scandals that have dogged his government such as the row over illegal ...

  Bloomberg France’s new government reaffirmed the country’s pledge to lower debt after the Covid-19 pandemic forced President Emmanuel Macron to carry out an unprecedented spending splurge to prevent economy from crashing. “I will be a relentless craftsman in keeping our public accounts in a context that we know is difficult,” Gabriel Attal, France’s new budget minister, said in a ...

  Bloomberg Europe’s two largest economies kept growing in May as they benefited from a sustained rebound in services that offset fallout from Russia’s invasion of Ukraine. The loosening of Covid-19 restrictions in Germany and France supported activity in both countries while factories suffered from surging prices and strained supply chains, according to business surveys by S&P Global. “A post-lockdown ...