Bloomberg Dabur India Ltd, a major consumer goods maker controlled by the billionaire Burman family, is scouting for acquisitions at home and in Southeast Asia as it works to establish its presence in a new overseas market amid heated domestic competition. On the back of its $71 million purchase of spice producer Badshah Masala Pvt Ltd in October, the ...

  Bloomberg The Biden administration suspects that three unidentified objects downed served commercial purposes and weren’t used for spying, a judgment that may help ease anxiety over a Chinese balloon that traversed the US before being shot down. The intelligence community believes the objects — unlike the giant airship shot down on February 4 — “could just be balloons tied ...

Bloomberg Turkey has the right to decide how it wants to ratify Finland and Sweden’s Nato memberships, the alliance’s Secretary General Jens Stoltenberg said, even as he urged Ankara to give the green light to both Nordic countries. “It is for Turkiye to decide whether they ratify both — and I recommend that — or whether they ratify only one ...

Bloomberg Scottish First Minister Nicola Sturgeon resigned after more than eight years as head of the country’s government and independence movement in a surprise move that will reverberate across UK politics. Sturgeon, 52, has headed the semi-autonomous administration in Edinburgh since 2014. The decision to step down comes after an unusually turbulent time for Sturgeon. It leaves her Scottish National ...

Bloomberg Pakistan’s former Prime Minister Imran Khan said his party will court arrest to protest the government’s refusal to hold early elections and fight the tough measures being put in place to unlock a crucial loan from the International Monetary Fund (IMF). Khan’s Pakistan Tehreek-e-Insaf party will continue its campaign to push for early elections — and will take to ...

  Bloomberg UK Labour Party leader Keir Starmer blocked his predecessor Jeremy Corbyn from standing as a candidate for the party at the next general election, as the opposition seeks to draw a line under the antisemitism scandals that have plagued its recent past. “Jeremy Corbyn will not stand for Labour at the next general election,” Starmer said morning, in ...

Bloomberg Barclays Plc slumped after posting a surprise drop in profit as revenue missed estimates across every major business line. Inside the corporate and investment bank, dealmakers faced a continued drought, traders fell short of hopes and the bank recorded further losses tied to its leveraged finance portfolio. At the firm’s UK franchise, the net interest margin — a key ...

Bloomberg The European Central Bank (ECB) will scrutinise banker bonuses after finding that compensation structures at many lenders don’t take sufficient account of risk. The indicators used by banks to set bonuses aren’t always clear and “in many instances” rely too much on financial performance instead of risk, controls or cultural and behavioral aspects, the ECB said in a newsletter ...

  Bloomberg Goldman Sachs Group Inc expects to put a tighter leash on hiring this year after embarking on one of the firm’s biggest rounds of job cuts ever, Chief Executive Officer David Solomon said. “We have a much tighter hiring plan in 2023,” Solomon said at a Credit Suisse Group AG conference. “We’re very focused on expenses.” Goldman last ...

  Bloomberg Japanese Prime Minister Fumio Kishida said it would be important for the Bank of Japan (BOJ) to make appropriate decisions on monetary policy as markets change rapidly, indicating his desire for flexibility under the new governorship. Kishida was responding to questions in a parliamentary committee about his nominee for BOJ governor, Kazuo Ueda, and the future of Japan’s ...