Bloomberg 3M Co. plans to eliminate jobs as part of a broader cost-cutting drive in response to the slowing economy, according to internal communications. The move comes just days after 3M suffered a setback over a key legal strategy designed to mitigate mounting liabilities and as it faces an array of other challenges, ranging from inflationary woes to sluggish ...

  Bloomberg Glow Recipe, a skin-care brand popular for its fruit-based products, is exploring a sale that could value it at $400 million to $500 million. The company is working with Goldman Sachs Group Inc., said the people, who asked to not be identified. It has $80 million in annual revenue. No final decision has been made and Glow Recipe ...

  Bloomberg China has sent warplanes across the Taiwan Strait’s so-called median line almost daily since House Speaker Nancy Pelosi’s visit last month, shrinking a buffer zone that has helped keep the peace for decades. An average of 10 Chinese aircraft have crossed the US-drawn boundary every day since Aug. 3, when Pelosi became the first House speaker to visit ...

  Bloomberg Eighteen Afghans were killed and dozens were wounded as a blast ripped through a mosque in Afghanistan’s western Herat province, the latest in a series of attacks on worshipers. The explosion went off as one of the people at the mosque stepped forward to greet pro-Taliban cleric, Mujib Rahman Ansari, before the Friday prayers, Mahmoud Shah Rassouli, a ...

  Bloomberg International monitors remaining at a Russian-occupied atomic plant in Ukraine are staying in order to independently evaluate how continued military attacks against the facility risk a nuclear accident. International Atomic Energy Agency inspectors arrived at the Zaporizhzhia Nuclear Power Plant after a harrowing journey across the frontline separating Ukrainian and Russian forces. The sounds of heavy machine-gun fire, ...

Bloomberg President Joe Biden accused Donald Trump and Republicans who back him of endangering US democracy and urged Americans to reject any candidate backed by his predecessor in the November midterm election. “Donald Trump and MAGA Republicans represent an extremism that threatens the very foundation of our republic,” Biden said Thursday in a prime-time speech from Philadelphia’s Independence National Historical ...

  Bloomberg A man was arrested in Argentina after pointing a gun at Vice President Cristina Fernandez de Kirchner as she greeted supporters outside her residence in Buenos Aires, a rare case of political violence that shocked the South American nation. Video footage circulating on social media Thursday night showed a man coming within inches of the vice president and ...

  Bloomberg A military-controlled court in Myanmar sentenced deposed civilian leader Aung San Suu Kyi to three more years in prison for alleged election fraud in the 2020 general elections, according to a person familiar with the matter. The conviction on Friday was the fifth verdict against the Nobel peace laureate since the military topped her civilian government in a ...

  Bloomberg Microsoft Corp.’s planned $69 billion purchase of Activision Blizzard Inc. will be sent for an in-depth review unless the tech giant offers remedies to address the UK watchdog’s concerns. The Competition and Markets Authority (CMA) said it was concerned about a substantial lessening of competition in the gaming consoles, multi-game subscription services and cloud gaming markets. It gave ...

  Bloomberg The Canadian economy accelerated in the second quarter as the nation benefited from surging commodity prices and got a boost from the lifting of Covid-19 lockdowns, though signs are emerging the momentum is waning. Gross domestic product rises at a 3.3% annualised rate after a 3.1% increase in the first three months of the year, Statistics Canada reported. ...