Bloomberg Kroger Co lifted its annual profit outlook for the year, but it wasn’t enough to thrill investors as Wall Street fretted about inflation’s toll on shoppers amid the grocer’s push to buy Albertsons Cos. A moderate comparable-sales forecast for the current quarter suggests a slowdown after Kroger handily beat analyst estimates in the previous three-month period. That’s fuelling ...

Bloomberg A lackluster Black Friday in the UK added to an already muted Christmas season, leaving retailers with a problem: too much stock. Marks & Spencer Group Plc, Next Plc and Hotel Chocolat Group Plc are all trying to tackle high inventories that are forcing some British retailers to take on costly warehouse expenses and contemplate even steeper discounts. According ...

  Bloomberg Families flying abroad for Christmas face strikes at Heathrow airport, with baggage handlers set to walk out for three days just as the end of the school term triggers a mass exodus via the London hub. About 350 staff at Menzies Aviation, which provides ground-handling services for carriers including American Airlines and Deutsche Lufthansa AG, will strike from ...

  Bloomberg US aviation regulators plan to conduct broader safety assessments of new jetliners in an attempt to identify the kind of hidden flaws that led to two Boeing Co 737 Max crashes. The Federal Aviation Administration (FAA) issued proposed regulatory changes requiring more comprehensive and consistent reviews of aircraft technology and how different systems might interact with each other. ...

  Bloomberg German Economy Minister Robert Habeck began a five-day trip to Namibia and South Africa Sunday, part of a push to secure new energy resources for Europe’s biggest economy to compensate for the cut-off from Russian gas supplies. During his first stop in the Namibian capital Windhoek, Habeck, who’ll be accompanied by a delegation of 24 German business leaders, ...

  Bloomberg Shanghai eased some of its Covid restrictions, joining other top-tier Chinese cities as authorities expand a shift towards reopening the economy after thousands of demonstrators took to the streets last weekend to voice their anger at China’s Covid policies. The financial hub will scrap PCR testing requirements to enter outdoor public venues such as parks as well as ...

Bloomberg South Korean President Yoon Suk-yeol asked his cabinet to be ready to issue an “imminent” return-to-work order on striking truck drivers in the oil and steel industries amid growing disruptions in the transporting of key materials in the global supply chain. The government should seek “every measure” to minimise inconveniences on companies and the public, Yoon said during his ...

Bloomberg GoTo Group’s post-IPO stock selloff makes it the worst performer among 11 tech and internet companies that raised more than $500 million in inaugural share sales this year. Shares of the Indonesian startup provider of food delivery services to fintech solutions are falling for a 10th straight session, taking losses since listing to 61%. The recent slide was triggered ...

  Bloomberg The Chinese Grand Prix will not take place in 2023 given the “ongoing difficulties stemming from Covid-19 situation,” Formula 1 says in a tweet. Formula 1 is assessing alternative options to replace the slot on the 2023 calendar and will provide an update in due course, the organisation said in a statement available on its website. The Covid-19 ...

  Bloomberg A Vietnamese internet startup that’s successfully defended its home market of 100 million people against global giants like Facebook is now going into attack mode. VNG Corp, Vietnam’s answer to Tencent Holdings Ltd with games, messaging, videos and music among its services, is accelerating its international expansion, co-founder Le Hong Minh said in an interview at its headquarters ...