Bloomberg Ocado Group Plc raised its profit forecast as the pandemic boosts demand for online groceries, and agreed to buy two robotics companies for about $287 million. The company said it expects full-year earnings to exceed $77 million before interest, taxes, depreciation and amortisation. The previous target was for Ebitda of more than 40 million pounds. Ocado said its joint ...

Bloomberg As troops in the Himalayas hunker down for the brutal winter, the outcome of the worst clashes in decades is becoming clear: China has pushed further into territory once patrolled exclusively by India. A summer of fighting saw India lose control over about 300 square kilometres (115 square miles) of land along the disputed mountainous terrain, according to Indian ...

Bloomberg Three gunmen attacked Afghanistan’s largest university killing at least 19 people and wounding 22 others, the latest bout of violence to wrack the capital Kabul as the government and Taliban engage in negotiations to end the 19-year-conflict. Afghan special forces arrived at Kabul University shortly after the attack began late morning, fighting the assailants and saving the lives of ...

Bloomberg Democratic presidential nominee Joe Biden warned that he wouldn’t let President Donald Trump declare victory in Tuesday’s election before the results are clear. “My response is the president is not going to steal this election,” Biden told reporters during a campaign stop in Philadelphia. He also condemned Trump supporters’ efforts to intimidate Biden backers, including an incident on a ...

Bloomberg Facing the biggest anti-government protests in years, King Maha Vajiralongkorn called Thailand “the land of compromise” in a rare public comment after months of demonstrations in the Southeast Asian nation. The Thai monarch was responding to a question by UK’s Channel 4 News on whether there’s room for compromise amid the protests as he met with supporters in a ...

Bloomberg Italy’s government is opting for targeted regional restrictions amid the latest surge in Covid-19 cases, in a bid to avoid a new nationwide lockdown. Regions with the highest transmission levels will be subject to tougher curbs under a new three-tiered system, Prime Minister Giuseppe Conte said on Monday. These will come on top of new nationwide measures including a ...

Bloomberg The world’s strongest storm this year killed at least 16 people in the Philippines, and sent tens of thousands more to evacuation centres, risking coronavirus infection. Nearly 458,000 people were evacuated mostly in the main island of Luzon, including 177 Covid-19 patients and more than 400 medical staff from 10 quarantine facilities, the nation’s disaster risk-monitoring agency said in ...

Bloomberg Colombia became the latest emerging market to end a series of interest rate cuts, joining peers from Brazil to South Africa as it recovers from the pandemic. After the decision, the central bank said that Governor Juan Jose Echavarria will retire early next year. The bank left its key rate unchanged at a record low of 1.75%, in line ...

Bloomberg ICICI Bank Ltd. posted a record quarterly profit as it set aside a lower amount of funds for potential bad loans even as the coronavirus pandemic constrains growth in financial sector. Net income at India’s second-largest private lender rose to 42.51 billion rupees ($570 million) in quarter ended Sept. 30 from 6.55 billion rupees a year earlier. That was ...

Bloomberg The Federal Reserve won’t increase the pace of its asset purchases this year or next, and wouldn’t meaningfully boost the US economy even if it did so, according to most economists surveyed by Bloomberg. Many Fed watchers are eager for more guidance on the future of the central bank’s balance-sheet policy, but aren’t expecting any new clues when the ...