By intercepting an airliner traveling between two European capitals in order to arrest a critic of his regime, Belarusian dictator Alexander Lukashenko has violated international law and committed an act of aggression against his neighbours. Initial statements from Western leaders have been forceful but insufficient. The EU should take swift action in response — and make clear to Lukashenko’s patron, ...
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Fed aims to transform funding markets
A t the highest level, it looks as if the Federal Reserve hasn’t done much of anything for several months. Interest rates remained pinned near zero. Officials insist that any moves higher in inflation are transitory. Asset purchases continue unabated. However, a significant shift appears to be brewing beneath the surface at the central bank that could drastically reshape a ...
Read More »New Icelandic airline plans June launch after two-year hiatus
Bloomberg Iceland will get a new airline next month as startup Play Air seeks to capitalise on the North Atlantic island’s recovery from the coronavirus crisis and inclusion on the UK’s green list for quarantine-free travel. The launch of flights to seven European cities from June 24 comes almost two years after Play was first conceived as a successor to ...
Read More »Forever 21 owner Authentic Brands plans IPO this year
Bloomberg Authentic Brands Group LLC, the owner of brands such as Brooks Brothers, Juicy Couture and Forever 21, is exploring going public as soon as this year, according to people with knowledge of the matter. The New York-based company has held discussions with potential advisers about an initial public offering, the people said, asking not to be identified because the ...
Read More »Amazon may announce deal to acquire MGM
Bloomberg Amazon.com Inc was expected to announce an acquisition of the Metro-Goldwyn-Mayer (MGM) movie studio on Tuesday, according to a person familiar with the matter, marking the e-commerce giant’s biggest push yet into Hollywood. Amazon is in talks to pay almost $9 billion for the business, said the person, who asked not to be identified because the deliberations are private. ...
Read More »Swedish brothers ride oat milk boom to $562m gains
Bloomberg It began with a group of scientists and a wild idea: That the byproduct remaining after making oat bran could be turned into non-dairy milk. That idea became the foundation of Oatly Group AB, the Swedish oat milk company that debuted in New York after raising $1.4 billion in an IPO. The share sale cements the fortunes of one ...
Read More »Mali vice president fires detained president, PM
Bloomberg Malian Vice President Assimi Goita said he fired the nation’s president and prime minister, hours after the two men were detained by mutinous soldiers. “In light of recent events, I feel obliged to relieve the president and prime minister of their functions to defend the republic,†Goita said in a statement read on state television on Tuesday by Baba ...
Read More »Biden, Putin to meet in Geneva for first summit on June 16
Bloomberg President Joe Biden will meet Russian President Vladimir Putin in Geneva on June 16, the first summit between the two leaders since the American president took office. “The leaders will discuss the full range of pressing issues, as we seek to restore predictability and stability to the US-Russia relationship,†White House Press Secretary Jen Psaki said in a statement ...
Read More »India police visit Twitter office after it tagged pro-Modi posts
Bloomberg Police visited Twitter Inc’s empty offices in India following the company’s decision to label multiple tweets from accounts linked to the country’s ruling party as manipulated media. The unexpected visit happened late Monday after Twitter labelled multiple tweets for violating its synthetic and manipulated media policy, a person familiar with the matter confirmed. The policy forbids users from sharing ...
Read More »US to aid Gaza without helping Hamas: Blinken
Bloomberg US Secretary of State Antony Blinken kicked off a Middle East diplomatic mission with a pledge to help reconstruction efforts in Gaza, left battered after a destructive 11-day conflict with Israel. Standing next to Israeli Prime Minister Benjamin Netanyahu in Jerusalem, Blinken said he will specify an aid package to the Palestinians later on Tuesday. The US will ensure ...
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