WASHINGTON / WAM The United States welcomed Saudi Arabia’s initiative to end the Yemeni crisis, as well as Yemen’s Government commitment to a ceasefire and political process in the country. Deputy Spokesperson at the US Department of State Jalina Porter affirmed during a press meeting that discussions in support of peace efforts are ongoing, calling on all parties to commit …

Bloomberg Food-delivery startup Deliveroo Holdings Plc started taking investor orders in a share sale of as much as 1.77 billion pounds ($2.45 billion), marking the largest initial public offering (IPO) in the UK since September. Deliveroo is selling shares at 3.90 pounds to 4.60 pounds apiece, according to a statement, valuing the company at 7.6 billion pounds to 8.8 billion …

Bloomberg A European Union (EU) report found that an aviation industry agreement to tackle global carbon-dioxide emissions may not have a materially positive impact on the environment. The findings were made in September by the Directorate-General for Climate Action and published by non-profit Transport & Environment, which obtained the report. It said the Corsia system is less effective than existing …

Bloomberg South Korea’s largest travel app Yanolja Co. is in talks with banks to go public through a dual listing in Seoul and overseas, people with knowledge of the matter said, joining a growing cohort of startups seeking higher valuations abroad. The company is aiming for a value of more than $4 billion, one of the people said, confirming previous …

Bloomberg British Airways is considering putting its sprawling headquarters in London up for sale as the flagship UK carrier plans for a so-called hybrid approach to working, according to an internal email. The airline has hired a specialist property company to gauge if a sale of the building, known as Waterside, would be beneficial, Stuart Kennedy, BA’s director of people, …

Bloomberg An Indian court has halted implementation of a ruling that froze assets of Future Retail Ltd. and its founders on a petition by Amazon.com Inc. The American giant wants to block the sale of the retailer to Mukesh Ambani’s Reliance Industries Ltd. The Delhi High Court stayed the March 18 verdict that had ordered Future Retail to ask regulators …

Bloomberg Nestle SA is preparing for post-pandemic coffee growth as the world’s largest food company rolls out touchless machines for the office and bets new flavors will win over more consumers making coffee at home. The maker of Nespresso and Nescafe is planning a wider introduction of machines that can be controlled via smartphone, catering to concern about viral transmission, …

Bloomberg Morgan Stanley is doubling down on its efforts to help Mitsubishi UFJ Financial Group Inc. replicate the US lender’s highly successful wealth management business in Japan, where competition to serve rich clients is intensifying. The New York-based lender has dispatched Darren Spencer, the former chief operating officer of Morgan Stanley Private Wealth Management, to Tokyo to train staff and …

Bloomberg French prosecutors and lawyers for the government said UBS Group AG should be ordered to pay $3.6 billion — 33% less than the original judgment — for allegedly helping French clients hide money from the nation’s tax authorities. Prosecutor Serge Roques asked a Paris court of appeals to impose a 2 billion-euro fine on UBS, acknowledging the limits set …

Bloomberg Credit Suisse Group AG CEO Thomas Gottstein signalled he’d consider further separating the asset-management unit from the rest of the bank after the Greensill Capital collapse, as he steps up efforts to limit the reputational damage from the supply-chain finance scandal. Making asset management an independent entity is “potentially part of the plan,” Gottstein said in a Bloomberg Television …