Bloomberg McDonald’s Holdings Co Japan will raise menu prices for the second time this year, joining a growing number of businesses passing on the impact of the weakening yen and the highest inflation in decades to the consumers. The fast-food chain will raise the price of about 60% of its products by 10 to 30 yen ($0.07-$0.21) from September 30, ...

  Bloomberg PT Garuda Indonesia filed for Chapter 15 bankruptcy protection in the Southern District of New York court, as the debt-laden carrier tries to secure its future profitability. The document is dated September 23. The submission comes as the airline, having completed a court-supervised debt restructuring in Indonesia to halve cut its debt load, tries to capitalise on the ...

  Bloomberg Unilever Chief Executive Officer (CEO) Alan Jope plans to retire at the end of next year following a tumultuous period where the company botched a potential $53 billion deal and irked investors with lackluster growth. Jope, 58, a long-term veteran of the consumer goods company, will leave after only five years in the role, with no named successor ...

Bloomberg Apple Inc began making its new iPhone 14 in India sooner than anticipated, after a surprisingly smooth production rollout that slashed the lag between Chinese and Indian output from months to mere weeks. The US tech giant made the announcement on Monday, weeks after the marquee device’s September 7 unveiling. It had worked with Foxconn Technology Group, its most ...

Bloomberg Giorgia Meloni struck a conciliatory tone after her election win, pledging to govern for all Italians as she was poised to lead the country’s most right-wing government since World War II. Meloni’s coalition, which includes Matteo Salvini’s League and Silvio Berlusconi’s Forza Italia parties, was credited with about 44% of votes in Sunday’s elections, according to preliminary results from ...

  Bloomberg Colombia and Venezuela fully re-opened their border, potentially reactivating billions of dollars in trade that dried up during years of diplomatic tension. Trucks transporting metals and decorated in the colors of the Venezuelan flag was set to cross a bridge near Cucuta, Colombia, to start a day-long ceremony, which newly elected leftist President Gustavo Petro is expected to ...

  Bloomberg Serbia, a candidate nation for European Union membership, should rethink continuing cooperation with the Kremlin as a recent bilateral deal with Russia raises serious questions, an official for the bloc said. Russia’s Foreign Minister Sergei Lavrov and his Serbian counterpart Nikola Selakovic signed a two-year plan on mutual consultations last week. Some opposition groups in Serbia slammed the ...

  Bloomberg Brazil’s Luiz Inacio Lula da Silva inched closer to an outright win in this weekend’s presidential elections, a new poll found. Front-runner Lula ticked upward, now claiming 48% of valid votes in the first round from 47% a week ago, according to a survey by FSB Pesquisa released on Monday. Incumbent President Jair Bolsonaro was unchanged at 37%. ...

  Bloomberg Global financial firms, still smarting from multi-billion dollar losses in Russia, are now reassessing the risks of doing business in Greater China after an escalation of tensions over Taiwan. Lenders including Societe Generale SA, JPMorgan Chase & Co, UBS Group have asked their staff to review contingency plans in the past few months to manage exposures, according to ...

Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda said the government’s intervention in the foreign exchange market last week was appropriate given the recent volatility in the yen. The government’s action didn’t contradict with the BOJ’s ongoing monetary stimulus as the former is aimed at countering rapid, one-sided slide in the yen while the central bank’s monetary easing needs to ...