Bloomberg Ted Baker Plc’s board rejected two bids from private equity fund Sycamore Partners Management LP, the most recent one for about 254 million pounds ($334 million). Sycamore offered 130 pence a share and raised that to 137.5 pence a share, Ted Baker said. The second bid was 9% higher than the closing price. The shares fell as much ...

Bloomberg The UK allocated a record 685 million pounds ($898 million) of funding over the next three years for the development of aerospace technology, as the industry gears up to make the transition to renewable fuel. The Aerospace Technology Institute will receive an increase of more than 50% on its previous award, the government said in a statement. The group ...

  Bloomberg United Airlines is investing in a startup that could help make larger quantities of jet fuel that’s more environmentally friendly. United announced an initial $5 million investment in Cemvita Factory Inc. and is “contemplating a larger relationship,” according to Mike Leskinen, president of the airline’s venture fund. The Houston-based startup is also backed by Occidental Petroleum Corp. Cemvita ...

Bloomberg Moscow said it would sharply cut military operations near the Ukrainian capital of Kyiv and Chernihiv after negotiators from Ukraine and Russia held discussions in Turkey aimed at de-escalating the war. A Ukrainian negotiator said the country is seeking international security guarantees for territory that doesn’t include the separatist-controlled areas of Donbas and Crimea. Russia indicated the talks could ...

  Bloomberg In recent days, Ukrainian TV stations have been broadcasting messages explaining what to do in the event of a chemical weapons attack, a horrific prospect in an already gruesome war, but one that may also be unlikely. US President Joe Biden has said there are “real concerns” Russia might resort to using the internationally banned munitions, as it ...

  Bloomberg North Korea tried to deceive the world about the type of missile it fired last week, claiming that it successfully tested a “huge,” new ICBM while actually firing off a rocket first launched in 2017, South Korean defense officials said. The intercontinental ballistic missile that North Korea launched last week was likely a Hwasong-15, which was successfully tested ...

  Bloomberg Hungary was forced to cancel a meeting of central European defense ministers after two of its closest allies in the European Union pulled out in response to Prime Minister Viktor Orban’s limited support for Ukraine. Hungary was due to host the defense chiefs of the so-called Visegrad Group in Budapest for a two-day meeting starting Wednesday. The event ...

  Bloomberg Brazilian President Jair Bolsonaro was released from the hospital early Tuesday, less than 12 hours after being admitted due to abdominal discomfort. Local TV news network GloboNews showed images of a presidential convoy of cars leaving the hospital on Tuesday in Brasilia as part of its report of the discharge. While the government didn’t immediately provide additional details ...

  Bloomberg Bank of China Ltd. reported its biggest profit increase in almost a decade last year as lending momentum recovered in the second year of the pandemic and a build-up in bad loans eased. Net income jumped 12.3% from a year earlier to 216.6 billion yuan ($34 billion) in 2021, the lender said in a filing. That beat a ...

  Bloomberg UBS Group AG is laying off equity capital markets bankers because of a sharp decline in revenue after a slowdown in deal-making across the industry, according to people familiar with the matter. The Swiss firm began laying off a handful of bankers in equity linked and capital markets in Europe and Africa this month, the people said, asking ...