Bloomberg Singapore’s GIC Pte and private-equity firm TPG will invest a combined $1 billion in Indian billionaire Mukesh Ambani’s retail unit, taking total inflows into the business to about $4.4 billion. GIC will spend 55.1 billion rupees ($753 million) for a 1.22% stake in Reliance Retail Ventures Ltd, while US-based TPG will take 0.41% for 18.4 billion rupees, the Indian ...

Bloomberg President Donald Trump’s re-election campaign has seen its candidate, campaign manager and party chairwoman all laid low by Covid-19. He is short on cash, Democrat Joe Biden is pulling away in the polls and his best hope to climb back — the raucous rallies that fuelled his 2016 win — is on hold indefinitely as the last month of ...

Bloomberg Sudan’s main sea ports were blockaded by protesters opposed to part of a peace deal with rebels, targeting some of the ravaged economy’s major conduits for trade. Demonstrations forced facilities to close at Port Sudan and Suakin, both on the Red Sea, according to the head of a local labour committee that backs the action, Abdou Alshirbini. Protesters planned ...

Bloomberg Russia’s Federal Statistics Service said 45,663 people have died with Covid-19 in April through August, more than double the death toll released by the government’s virus-response staff. The latest figures from the statistics agency, known as Rosstat, include deaths both directly attributed to the novel coronavirus and cases where it was listed as an “important condition” leading to the ...

Bloomberg Tropical Storm Delta is forecast to become a hurricane in the Gulf of Mexico later this week, clipping western Cuba and becoming the record 10th storm to hit the US when it makes landfall between Louisiana and Florida by Friday. Its winds could reach 169 kilometres per hour as it crosses the Gulf, making it a Category 2 storm ...

Bloomberg Najib Razak’s 1MDB trial was delayed as the former Malaysian premier is in quarantine after traveling to the Borneo state of Sabah, a new hotspot for the country’s coronavirus outbreak. The trial will resume on October 19 as Najib remains under two-week quarantine at his home after returning from a political campaign, according to court proceedings on Monday. He ...

Bloomberg Europe is tightening restrictions to regain control of resurgent coronavirus infections, with Paris closing restaurants and new curbs likely on the way in Italy and Ireland. The continent is struggling to control the latest outbreak as opposition to limits on movement mounts and leaders resist the stringent lockdowns that hammered economies in the second quarter. Instead, the approach is ...

Bloomberg UK car sales fall for a second straight month, sliding 4.4% in the country’s weakest September for auto purchases in more than two decades. Registrations dropped to 328,041 cars, according to data from the Society of Motor Manufacturers and Traders. That follows a 5.8% decline in August and dashes hopes for an early recovery from a coronavirus-driven slump. The ...

Bloomberg Italy’s Nexi SpA agreed to buy SIA SpA in an all-share deal that will create one of Europe’s biggest payment providers. The transaction, which values closely held SIA at 4.56 billion euros ($5.3 billion) will give Nexi shareholders about 70% of the joint company. The combined business will have annual revenue of about 1.8 billion euros and a market ...

Bloomberg Microsoft Corp. has agreed to build a series of new data centers in Greece, in a move the Greek government says will boost entrepreneurship and encourage other major companies to invest in the country. The “ongoing” investment will be the biggest by the US technology giant in its 28 years of operations in Greece, Microsoft President Brad Smith said ...