Bloomberg The owner of former Sears stores is looking to sell as many as 50 properties as it tries to generate cash and focus on the development of other sites it owns. Seritage Growth Properties, a real estate investment trust that emerged from the Sears bankruptcy, wants to unload 40 to 50 sites that “were less interesting in terms of ...

Bloomberg Former President Donald Trump opened his score-settling summer tour with a rally before thousands of supporters in Ohio, returning to his familiar script of grievances, exaggerated claims and support for loyal Republicans. The gathering outside Cleveland was Trump’s first public event to back candidates he favours for the 2022 midterms and work to unseat the 10 GOP members of ...

Bloomberg UK Prime Minister Boris Johnson moved to re-establish his government’s authority after the health secretary resigned for breaking his own pandemic rules. Matt Hancock quit after he was caught embracing a senior aide in his office, in breach of the social distancing guidelines he helped to create. The episode rebounded immediately on Johnson, who had initially fought to keep ...

Bloomberg A government-allied lawmaker dragged President Jair Bolsonaro to the centre of a scandal of alleged irregularities in the purchase of a Covid-19 vaccine for Brazil’s immunisation campaign. Lower house representative Luis Miranda, speaking at a congressional committee probing Bolsonaro’s handling of the pandemic, said he personally warned the president about unusual pressure for the purchase of the Covaxin vaccine, ...

Bloomberg Malaysia will extend a nationwide lockdown that was originally due to end on Monday as new Covid infections are still too high, Prime Minister Muhyiddin Yassin said. The movement restrictions will now stay in place until the nation’s daily caseload falls below 4,000, the official Bernama news agency reported, citing the premier. The government will announce more comprehensive assistance ...

Bloomberg Rescuers continue to look for survivors from the building that collapsed in a South Florida town, leaving nine dead and more than 150 people missing, according to Miami-Dade County Mayor Daniella Levine Cava. Visibility at the site has improved after the fire and smoke were controlled afternoon, and crews have been joined by additional search and rescue experts from ...

Bloomberg Chinese banks’ stockpile of foreign-currency deposits has surpassed $1 trillion for the first time, creating an opportunity for Beijing to allow greater freedom for capital to flow out of the country. The pool has been growing as surging demand for Chinese goods during the pandemic has beefed up foreign earnings of exporters, while the resilient economy and strengthening currency ...

Bloomberg Citigroup Inc is taking another step into the world of cryptocurrencies. The Wall Street giant will help its richest clients bet on crypto as part of a new digital assets group inside its burgeoning wealth management unit, according to a memo to staff seen by Bloomberg News. The new effort will be led by Alex Kriete and Greg Girasole. ...

Bloomberg Visa Inc has agreed to buy Swedish open-banking platform Tink AB as the payment giant looks to expand beyond its card network. San Francisco-based Visa said it will pay a total of 1.8 billion euros ($2.15 billion) — including cash and retention incentives — to acquire the fintech firm, according to a statement. Banks and startups use Tink to ...

Bloomberg The Bank of Korea (BOK) once again looks set to spearhead Asia’s first interest-rate hikes, after Governor Lee Ju-yeol said policy normalisation is in the pipeline this year, triggering a recalibration of market bets. As pandemic-era stimulus runs the risk of inflating asset bubbles and spurring more volatility in capital flows across the region, several central banks have stressed ...