Bloomberg Tesco Plc froze prices on 1,000 products until next year to maintain its leading market share in the UK amid intense competition from discount grocers Aldi and Lidl. Britain’s biggest grocer reported better-than-expected sales and only slightly reduced its profit guidance for the fiscal year as it works to keep prices low and increases pay to blunt the ...

Bloomberg Europe’s leading airlines are misleading consumers with claims that they can fly guilt-free by using carbon offsets to neutralise the environmental impact of air travel, according to a new report by the non-profit Carbon Market Watch. A temporary dip during the Covid-19 pandemic aside, airline emissions have been steadily rising for the past two decades and, left unchecked, could ...

  Bloomberg Starbucks Corp. illegally fired a Michigan employee because she engaged in union activism and participated in a US labour board proceeding, a National Labour Relations Board judge ruled. The agency judge’s decision requires the coffee chain to offer the worker reinstatement with back pay. It says Starbucks must also hold a meeting with employees as well as representatives ...

Bloomberg President Vladimir Putin threatened further missile attacks on Ukraine after Russia hit Kyiv and other cities in the most intense barrage of strikes since the first days of its invasion, marking a dangerous new escalation in the war. Monday’s bombardment came a day after Putin accused Ukrainian forces of carrying out an explosion that damaged a flagship road and ...

Bloomberg With Russia’s war in Ukraine in its eighth month, some European nations that have funneled weapons to Kyiv are running low, and it could take years for defense contractors to meet the shortfall. Nato states are urging companies to boost production to help them restock — to both resupply Ukraine and reinforce their own stores in a climate of ...

Bloomberg Malaysian Prime Minister Ismail Sabri Yaakob announced the dissolution of parliament on Monday, paving the way for elections this year as his ruling party seeks to strengthen its position following a run of successful local polls. Ismail said he met with King Sultan Abdullah Sultan Ahmad Shah to gain approval for the dissolution, and the Election Commission would decide ...

  Bloomberg India’s close military and trade ties with Russia won’t undermine the effectiveness of the Quad security partnership, Australia’s top diplomat said, despite high tensions between Moscow and western nations over Russia’s war in Ukraine. Australian Foreign Minister Penny Wong and her Indian counterpart External Affairs Minister Subrahmanyam Jaishankar told a press conference in Canberra on Monday that the ...

  Bloomberg Catalonia’s separatist president is set to name a batch of new cabinet members in a bid to shore up his government after its main coalition partner pulled the plug on their alliance. The seven new so-called councilors will be sworn in Tuesday, President Pere Aragones said on his Twitter account. The move to fill vacant posts in the ...

  Bloomberg Meta Platforms Inc. said it would notify roughly 1 million Facebook users that their account credentials may have been compromised due to security issues with apps downloaded from Apple Inc. and Alphabet Inc.’s software stores. The company announced that it identified more than 400 malicious Android and iOS apps this year that target internet users in order to ...

  Bloomberg The UK needs to cut 200,000 government jobs over the next couple of years to avoid adding billions to the national debt, according to the Institute for Fiscal Studies (IFS). Public-sector wages are on track to increase 5% this year, around half the current rate of inflation but higher than budgeted when spending plans were drawn up in ...