Bloomberg As Warby Parker heads towards becoming a public company, the co-founders of the eyewear brand valued at $3 billion are pitching a growth strategy centered on stores. It’s quite a turn for a company that last decade ignited a boom in digital brands that convinced investors to bet billions largely on their ability to grow quickly online. But in …

Bloomberg Airlines will soon be charged more for polluting in Europe, but private jets and Amazon.com packages are set to escape the tougher rules. That’s part of a plan by the European Union set to be unveiled next week. While commercial flights are set to be subject to a new tax system that discourages the use fossil fuels, private jets …

Bloomberg Clayton Dubilier & Rice (CD&R) is pushing ahead with its pursuit of British grocery chain Wm Morrison Supermarkets Plc, as it seeks to beat an agreed 6.3 billion-pound ($8.7 billion) bid from Fortress Investment Group, people with knowledge of the matter said. Morrison has granted CD&R access to confidential information as it works on an improved offer, the people …

Bloomberg In the upside-down world of global banking, getting back to normal is bad news for the bottom line. Wall Street churned out massive windfalls during the pandemic, but the economic reopening made possible by widespread vaccinations means this year’s earnings will look weaker by comparison. The big down arrow will be trading revenue, which is expected to show a …

Bloomberg Bank Indonesia could begin tightening monetary policy next year, including potential moves on interest rates, if the economic recovery remains on track and policy makers see signs of inflation, Governor Perry Warjiyo said. The bank’s exit strategy is to gradually reduce liquidity in the financial system “and then later, the end of next year, maybe some interest-rate action,” Warjiyo …

Bloomberg HSBC Holdings’s streamlining drive has reached its top executives, with the bank promising to shake up a “hierarchical culture.” Several hundred managers will have their “leadership bands” altered over the coming months, according to an internal memo from human resources chief, Elaine Arden. Europe’s largest bank found it had a more complicated management system than peers and a lack …

Bloomberg Bank of America Corp (BofA) created a new team dedicated to researching cryptocurrencies, marking Wall Street’s latest push to capitalise on investors’ frenzy for digital assets. Alkesh Shah will lead the effort, which will also cover technologies tied to digital currencies, and report to Michael Maras, who leads fixed-income, currencies and commodities research globally, according to an internal memo …

Bloomberg Credit Suisse Group AG and JPMorgan Chase & Co.’s asset and wealth management business are working together to develop a new investment strategy focused on sustainable nutrition. The fund will invest in public companies that “address the ties between nutrition, health, biodiversity and climate, with a particular focus on nutrition’s societal and environmental aspects,” Credit Suisse said in a …

Bloomberg Kenya’s biggest banks are the key to further gains for the benchmark Nairobi stock index this year as investors bet on the nation’s recovery from the pandemic, according to EFG Hermes Kenya. The Nairobi All Share Index has gained 16% in 2021 to the highest in more than three years. Expectations that the central bank will approve risk-based lending, …

Bloomberg Investors are getting excited about Big Tech again. With resurgent doubts about the strength of the post-pandemic boom, traders are shifting back into the tech behemoths whose dominance of high-growth industries leaves them poised to keep sales and profits rising even if the economy slows. That’s fuelled a run of outperformance since the beginning of June and marks a …