Bloomberg UK supermarket chain Iceland cuts vegetable prices to 1 penny per pack in a bid to woo shoppers squeezed by the rising cost of living. The company is cutting prices in the runup to the Easter holiday, it said in an emailed statement, and the online offer quickly became popular. Customers can buy any of the more than ...

  Bloomberg E-commerce startup FirstCry.com is planning to file for an initial public offering in Mumbai as soon as this month that could raise about $700 million, according to people familiar with the matter. The online baby product marketplace is seeking a valuation of at least $6 billion, said the people, who asked not to be identified as the information ...

Bloomberg Russia threatened to deploy nuclear weapons in and around the Baltic Sea region if Finland and Sweden join the North Atlantic Treaty Organization (Nato) as tensions fuelled by President Vladimir Putin’s invasion of Ukraine spread. “In this case, there can be no talk of non-nuclear status for the Baltic,” Dmitry Medvedev, deputy chief of Russia’s Security Council and former ...

Bloomberg French President Emmanuel Macron has become the latest leader to warn a major Russian assault in eastern Ukraine is imminent. If that’s the plan, its troops risk repeating at least some of the mistakes made in trying to take the capital, Kyiv. According to European and Nato diplomats familiar with the matter, Ukraine’s allies see a two-week window to ...

Bloomberg Boris Johnson revealed a controversial plan to send asylum seekers who cross the English Channel to Rwanda, a move the UK prime minister said will face significant legal hurdles as he tries to position his government on a flash-point political issue. Migrants who come to Britain on small boats risk being sent to the African state, Johnson said in ...

Bloomberg Sri Lanka needs between $3 billion to $4 billion this year to pull itself out of an unprecedented economic crisis and plans to start talks with the International Monetary Fund (IMF) for help, Finance Minister Ali Sabry said. The nation is looking at making a “decent case” before the IMF to help preserve the economy, he said in an ...

  Bloomberg India’s central bank would have to gradually hike the benchmark interest rate to its highest in three years as it battles to curb inflation that’s hovering above its targeted range, economists said. The Reserve Bank of India (RBI) might change its stance to neutral from accommodative in the June policy, topping it up with a 25 basis points ...

  Bloomberg The Bank of Canada is poised to become the first in the Group of Seven to hike interest rates by a half-percentage point as it moves more aggressively to wrestle inflation down from a three-decade high. Governor Tiff Macklem is expected to raise the central bank’s policy rate to 1%, followed by a series of additional hikes that ...

  Bloomberg India is rolling out the world’s shortest equity trade-settlement cycle. A pain-free transition for foreign investors would spur others to follow, according to Deutsche Bank AG, the largest custodian bank in the country. Higher currency transaction costs and the risk of operational delays are among concerns that have been flagged as the nation’s exchanges leapfrog peers in New ...

  Bloomberg China’s central bank is expected to cut its key policy interest rate for the second time this year on Friday and reduce the reserve requirement ratio within days to help bolster a faltering economy under strain from Covid lockdowns. Sixteen of the 22 economists surveyed by Bloomberg predict the People’s Bank of China will lower the interest rate ...