Bloomberg Bed Bath & Beyond Inc soared in late trading after announcing accelerated share buybacks and the launch of a new digital marketplace for merchandise from third-party producers. The company said it expects to complete its $1 billion share repurchase plan by the end of its fiscal year in February — two years ahead of schedule. There is $400 million ...

Bloomberg As the world’s powers wrestle over the future of the planet in Glasgow, another politically fractious issue will play out on the sidelines of the COP26 summit — Taiwan’s exclusion from international organisations. Two weeks after US Secretary of State Antony Blinken called for Taiwan to have a greater role at the United Nations, a delegation from Taipei, led ...

Bloomberg The recent coup in Sudan puts into question a July Paris Club agreement to rework $23.5 billion of Sudan’s debt, France’s foreign ministry said in a statement. “It is obvious that the October 25 military coup puts the process into question,” the ministry said. Debt cancellation was part of France’s support to democratic transition, it said. The US already ...

Bloomberg The woman most likely to become Sweden’s next prime minister began her tenure as leader of the ruling party by taking a dig at Wall Street bankers. In her first speech to the Social Democratic Party after her election, Magdalena Andersson recalled encounters with “grinning bankers” who said her country’s welfare model was doomed after Sweden’s financial crisis in ...

Bloomberg US House Speaker Nancy Pelosi’s struggle to deliver on President Joe Biden’s two biggest policy priorities has illustrated the distrust and divisions within her party at a time Democrats desperately want to show they can govern. Democrats eked out a victory on a $550 billion public works bill after months of wrangling between moderates and progressives. As soon as ...

Bloomberg Chile’s conservative candidate Jose Antonio Kast would beat both of main leftist contenders in a presidential runoff, according to one of the final polls released ahead of the highly-contested election. Kast got 44% of support while leftist rival Gabriel Boric got 40% in a second-round vote, according to a survey by Cadem. Kast would also edge out Yasna Provoste ...

Bloomberg President Joe Biden said the US economy is recovering from the pandemic faster and stronger than expected, after a report showing the labour market got back on track last month with broad-based payroll gains. “America is getting back to work; our economy is starting to work for more Americans,” Biden said at the White House. “Our economy is on ...

Bloomberg CMA CGM SA, one of the world’s largest shipping companies, agreed to buy Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, in a deal with an enterprise value of $2.3 billion. CMA CGM reached the agreement with EQT Infrastructure, according to a statement. The shipper, which already owned a 10% stake in the ...

Bloomberg A shortage of homes for sale and a buoyant labour market are expected to underpin the UK housing market as consumers come under pressure from soaring inflation and higher interest rates, according to Halifax. The average cost of a home rises 0.9% in October to a record $365,000, the mortgage lender said. That left values 8.1% higher than a ...

Bloomberg Canada’s labour market continued to heal in October as retail businesses ramped up hiring, though the pace of gains has begun to cool. The economy added 31,200 jobs last month, Statistics Canada said in Ottawa, missing expectations for a gain of 41,600 in a Bloomberg survey of economists. The unemployment rate falls to 6.7% from 6.9% in September, and ...