Bloomberg Inditex SA reported its highest profitability in a decade as the Zara owner offset inflation through tight cost control and kept attracting shoppers even with higher prices. Operating income rose 82% in the three months through April, exceeding pre-pandemic levels, the company said. The gross margin reached a 10-year record. The stock rose as much as 4.8%. Inditex ...

  Bloomberg Marks & Spencer Group Plc’s outgoing Chief Executive Officer Steve Rowe is set to receive a £2.6-million ($3.3 million) compensation package as he officially steps down from his role this summer. That includes a £1.6 million bonus because he will serve as adviser to the new leadership for a year, according to the annual report. Half of the ...

  Bloomberg Australia’s Qantas Airways Ltd is appealing to head-office employees to help the airline’s overworked ground handling staff as the pandemic-hit sector struggles to cope with a rebound in air travel. Workers at the headquarters of Sydney-based Qantas and its Melbourne-based low-cost airline Jetstar have been asked to step in and assist during the peak July vacation period, according ...

Bloomberg Talks between Russia and Turkey brought no signs of progress on a deal to unblock shipments of Ukrainian grain that have contributed to warnings of global food-supply crisis. Kyiv, which wasn’t invited to participate in the talks in Ankara, is skeptical of the Kremlin’s intentions and is seeking strong security guarantees that would allow it to export the key ...

  Bloomberg One of Australia’s largest Chinese-language media platforms came under cyberattack early in the hours of June 4, potentially putting users’ information at risk, The Australian newspaper reported. Users of the news organisation Media Today received authentication texts to their mobile phones after more than 20 million attempts were made to reset user passwords, the paper reported, citing a ...

  Bloomberg Secretary of State Antony Blinken slammed Cuba, Venezuela, Nicaragua and El Salvador for repressing journalists as the US kicked off a summit of leaders from Latin America in Los Angeles, with tensions between Washington and the region’s authoritarian nations hanging over the event. “In Cuba, Nicaragua, and Venezuela, the simple act of carrying out investigative journalism is a ...

Bloomberg The UK has displayed “bad faith” in how it has approached the part of the Brexit treaty dealing with Northern Ireland, Irish Prime Minister Micheal Martin said. “It is perfectly reasonable to look for ways to improve the operation of the Protocol — but unfortunately what we have seen are bad-faith efforts to undermine a treaty freely entered into,” ...

Bloomberg President Emmanuel Macron’s party and its allies could lose their outright majority in this month’s legislative elections as support for a rival left-wing grouping grows, according to fresh polls published days ahead of the first round of voting. A poll by Ifop-Fiducial for LCI TV released based on an online survey of 1,840 adults on June 3-6 projects that ...

Bloomberg President Joe Biden and Juan Guaido plan to speak remotely during the Summit of the Americas this week, after the US declined to invite the Venezuela opposition leader to participate in the meeting in person. Biden was likely to hold a video call with Guaido, Brian Nichols, assistant secretary of state for Western Hemisphere Affairs, said to Venezuelan online ...

  Bloomberg India’s central bank raised the key interest rate for a second straight month and pledged to withdraw the pandemic-era accommodation as it steps up its fight to tame prices that have been running above its target band since beginning of year. The Reserve Bank of India’s rate setting panel unanimously raised the repurchase rate by 50 basis points ...