Bloomberg Kohl’s, under pressure by activist investors, gave an optimistic outlook for the year while reporting weaker-than-expected sales in the fourth quarter. The company is expanding its venture with cosmetics chain Sephora after a shop-in-shop concept drove higher sales at participating locations. Kohl’s executives added on a call with analysts that Sephora is attracting new customers who are younger ...

Bloomberg Libyan lawmakers’ plan to install a new government faced turmoil after gunmen seized two of the proposed ministers, escalating a standoff that risks reigniting conflict in the OPEC member. The incoming foreign affairs and culture ministers were taken by unidentified men while en route to the eastern city of Tobruk, according to a statement from the office of Fathi ...

Bloomberg Finland’s President Sauli Niinisto will visit President Joe Biden in Washington, DC, on Friday, just as the debate on joining Nato has intensified in the Nordic country after its neighbor Russia invaded Ukraine. The presidents are set to discuss Russia’s attack, its impact on security in Europe and bilateral cooperation between the countries, Niinisto’s office said in a statement ...

  Bloomberg Rosneft Chairman and Chief Executive Officer Igor Sechin’s superyacht was impounded by French customs officials on the Cote D’Azur, part of the European Union’s sanctions against wealthy Russians with close ties to President Vladimir Putin. The Amore Vero was confiscated overnight in the Mediterranean port of La Ciotat, near Marseille, as it was preparing an urgent departure, according ...

  Bloomberg Mozambican President Filipe Nyusi dismissed Prime Minister Carlos Agostinho do Rosário, a day after he removed six members of the cabinet in his government’s biggest leadership overhaul since he took power in 2015. Nyusi didn’t provide any reason for the decision, nor did he immediately name a replacement in a statement from his office Thursday. Do Rosario had ...

Bloomberg The White House is asking Congress for $32.5 billion in emergency funding to boost its response to Russia’s invasion of Ukraine and tackle the ongoing fight against the coronavirus. President Joe Biden’s administration has requested $10 billion for Ukraine, money that will be used to address the mounting humanitarian crisis as well as assist its defense against Russia. Of ...

  Bloomberg Amazon.com Inc and its sparring partner Future Retail Ltd. will hold talks to resolve a dispute over the sale of the latter’s assets to Reliance Industries Ltd, a move that could end a bitter litigation that delayed payments to bondholders and deepened losses for Future’s former-billionaire founder. During a Supreme Court hearing Thursday, Future’s lawyers agreed to a ...

  Bloomberg Applications for US state unemployment insurance fell by more than forecast to the lowest level since the start of the year, as Covid-19 cases decline and restrictions ease. Initial unemployment claims decreased by 18,000 to 215,000 in the week ended February 26, Labor Department data showed Thursday. The median estimate called for 225,000 applications in a Bloomberg survey ...

  Bloomberg The European Union can slash imports of Russian gas by a third within a year by increasing purchases from elsewhere, ramping up renewables and boosting energy efficiency, according to the International Energy Agency. Under a 10-point plan published Thursday, the IEA said that efforts to phase out Russian gas can still be compatible with the bloc’s climate ambitions. ...

  Bloomberg Even after a salary cut, Denise Coates’ paycheck is hard to beat. The 54-year-old founder and co-chief executive officer of Bet365 Group Ltd got about 300 million pounds ($400 million) in pay and dividends in the year to March 2021, according to a registry filing, taking her total pay from the online bookmaker’s past two financial years to ...