Bloomberg British sporting goods billionaire Mike Ashley’s Frasers Group Plc raised its stake in fashion retailer Hugo Boss AG, ramping up its exposure to the German retailer as it works on a rejuvenation effort. Frasers valued the new holding at about 900 million euros ($944 million) in a statement, two years after first investing about 108 million euros in the ...

  Bloomberg Traders piled into shares of Revlon Inc, driving its gains from a record low to 650% as individual investors looked to strike a quick profit, while ignoring the fundamentals of the troubled cosmetics giant. The stock surged 34%, bringing gains from an all-time low to more than 650% as trading volume continued to soar past recent trends. More ...

  Bloomberg London’s Heathrow airport lifted its full-year passenger forecast, citing updated information on schedules and bookings and the limited impact of capacity caps imposed to boost resilience as travel rebounds. The UK hub now expects to attract 54.4 million passenger in 2022, versus a forecast for 52.8 million travellers issued on April 26, it said in a statement. The ...

  Bloomberg Rescue and relief teams are struggling to reach survivors of a deadly earthquake that hit Afghanistan’s remote southeast, killing at least 1,000 people and injuring hundreds more even as the country battles multiple humanitarian crises. The eastern Paktika province, home to some of the country’s most impoverished farmers and cattle herders, was the worst hit, several officials from ...

  Bloomberg Estonian Prime Minister Kaja Kallas warned of the grave consequences of any future Russian aggression in the Baltics ahead of an important Nato summit next week. Speaking to journalists in Tallinn on Wednesday, Kallas said Nato’s “tripwire” strategy for defending the three Baltic countries of Estonia, Latvia and Lithuania, under which allies would arrive with reinforcements only after ...

  Bloomberg Myanmar’s civilian leader Aung San Suu Kyi has been shifted to solitary confinement inside a military-built prison compound in the capital of Naypyidaw, a junta spokesman said Thursday. Suu Kyi was detained at an undisclosed location soon after the coup last year, and a special court in April sentenced her to five years in prison in the first ...

Bloomberg President Emmanuel Macron acknowledged he’d have to compromise and negotiate with rivals, in his first public address to the French people since losing his outright majority in parliament. “We must collectively learn how to govern and legislate in a different way. Build new compromises through dialogue, listening and respect,” Macron said in a televised speech Wednesday night. “This is ...

  Bloomberg India western state of Maharashtra, home to the country’s financial capital, is staring at a political crisis with lawmakers from Chief Minister Uddhav Thackeray’s Shiv Sena threatening to exit his ruling coalition and demanding the renewal of an alliance with Prime Minister Narendra Modi’s Bharatiya Janata Party. Several legislators from the Shiv Sena party, led by senior leader ...

  Bloomberg Former President Luiz Inacio Lula da Silva saw his lead over incumbent Jair Bolsonaro grow to 17 percentage points in a possible second round, the widest in five months, according to a new poll carried out after the latest fuel price increase in Brazil. Lula would receive 52% of the votes while Bolsonaro would get 35% in a ...

  Bloomberg A supply glut is set to hit India’s government bond market, and drive benchmark yields towards 8% by year-end, according to Standard Chartered Plc. The lender estimates that excess supply of sovereign and state debt may total as much as 6.3 trillion rupees ($81 billion) this fiscal year. That’s likely to further upset a market that’s struggling to ...