Bloomberg Shares in Frasers Group Plc leaped after the owner of Sports Direct and House of Fraser reported bumper profits and said it expects to grow further this year in the first financial results since Michael Murray took over as chief executive. Frasers forecast profit of at least £450 million ($538 million) in the financial year to April, building ...

  Bloomberg American Airlines Group Inc notified flight crews that it has cancelled 1,175 flights in July and August as part of efforts to build more “buffer” into its schedule and reduce disruptions that have plagued the industry this summer. The cuts come after the carrier detailed plans to trim flight capacity as much as 10% this quarter and 9.5% ...

Bloomberg Lululemon Athletica Inc workers are petitioning to unionise, extending a wave of organising at previously union-free US retail firms. Employees at one of the athletic-wear company’s Washington stores filed for a unionisation election with the National Labor Relations Board. The proposed bargaining unit would cover 33 employees, according to the filing from the workers’ new labour organisation, which calls ...

  Bloomberg Reliance Industries Ltd, controlled by billionaire Mukesh Ambani, posted a 46% increase in quarterly profit but fell short of market expectations as high costs made a dent to the windfall gains from refining business. Net income at India’s biggest company by market value jumped 46% to 179.6 billion rupees ($2.3 billion) for the three months ended on June ...

Bloomberg Russia attacked Odesa’s sea port with cruise missiles hours after signing a deal to unblock Ukrainian grain exports from three Black Sea ports, including Odesa, that was hailed as a vital step towards alleviating a global food crisis. Ukrainian officials indicated they’re still moving ahead with the landmark agreement reached Friday to release millions of tons of grain that ...

  Bloomberg China issued strong private warnings to the US government about a planned trip to Taiwan by House Speaker Nancy Pelosi, which included a possible military response, the Financial Times reported. The warnings were much stronger than those made previously when China wasn’t pleased with US policies and actions related to Taipei, the paper said, citing unidentified people familiar ...

  Bloomberg President Joe Biden continues to improve with mild symptoms as he isolates with Covid-19 at the White House. White House physician Kevin O’Connor wrote in a memo on Saturday that the president — who is being treated with Pfizer Inc.’s drug Paxlovid — is “responding to therapy as expected.” “His pulse, blood pressure, respiratory rate and temperature remain ...

Bloomberg President Jair Bolsonaro officially kicks off his re-election campaign on Sunday, rallying thousands of his followers to Rio de Janeiro, after intensifying his attempts to discredit Brazil’s voting system. He’s calling on the government faithful to pack an Olympic arena in a working-class neighbourhood for an event billed as “United for the Good of Brazil.” But with just over ...

Bloomberg Former Chancellor Rishi Sunak pledged to fix the UK’s “broken” asylum system and crack down on illegal boat crossings from France if he becomes prime minister, while his rival, Foreign Secretary Liz Truss, said she’ll push to send more migrants to third countries for processing. Sunak said he would tighten the statutory definition of who qualifies for asylum in ...

  Bloomberg Italy’s Democrats are weighing possible alliances for the country’s national elections in September and will decide in the coming days and weeks on the makeup of any new coalitions, party leader Enrico Letta said in an interview with la Repubblica published Sunday. Opinion polls show the Democrats, or PD, running a close second to the right-wing Brothers of ...