Bloomberg Fast Retailing Co’s Uniqlo apparel chain said it will temporarily suspend operations in Russia, joining a growing list of global companies in curtailing their activities in the country after its invasion of neighbouring Ukraine. The move is a reversal after Fast Retailing founder Tadashi Yanai said clothing is a “necessity of life” and that Russians have “the same right ...

  Bloomberg John Lewis Partnership Plc said it will once again pay employee bonuses as the UK retailer’s turnaround efforts start to show small signs of progress. The department store group, which also owns the Waitrose supermarket chain, said that a return to profit on an underlying basis means it will reinstate the payout, which was suspended last year for ...

  Bloomberg Airport services and flights across Germany are likely to be affected on Monday after a union called for an all-day walkout over a pay dispute for security personnel. The Verdi union said it’s calling for protest action at Berlin-Brandenburg Airport by security staff working in passenger screening, and personnel and goods control. The walkout is part of nationwide ...

  Bloomberg Prices of groceries bought online soared by a record 7.6% last month in the US, according to data compiled by software company Adobe Inc. And that’s even before accounting for the delivery costs. Overall, Adobe’s digital price index rose 3.6% in February from a year earlier, the highest rate in data going back to 2014. Clothing jumped 16.7%, ...

Bloomberg Russian missiles hit a military training facility in western Ukraine close to the Polish border that had been used regularly by Nato before the invasion. The strike, which comes after Russia warned that convoys of Western military supplies for Ukraine would be considered legitimate targets, raised new concerns about the conflict potentially spilling over Ukraine’s borders. Initial reports suggest ...

Bloomberg White House officials including Press Secretary Jen Psaki briefed about 30 social-media influencers on US policy on Ukraine in an effort to counter Russian propaganda, a spokeswoman said. The creators, who are active mainly on Bytedance Ltd’s TikTok, were given an overview of the latest White House thinking on Ukraine during a video call, with material similar to that ...

  Bloomberg Talks between military commanders of China and India to resolve a two-year-old border dispute — at its worst in four decades — were inconclusive, a joint statement issued by India’s Ministry of Defense said. A quick resolution of the border dispute would help “facilitate progress in bilateral relations,” the two sides said. This round of talks — the ...

Bloomberg A campaign for South African President Cyril Ramaphosa to retain the leadership of the ruling African National Congress (ANC) when it holds internal elections in December is gathering momentum, with some key party officials throwing their weight behind him. “There is an emerging consensus that the president must get a second term,” Justice and Correctional Services Minister Ronald Lamola, ...

Bloomberg About 300,000 people in Hong Kong are currently in isolation or under home quarantine because of Covid, Chief Executive Officer Carrie Lam said at a press conference on Sunday. The city has boosted support for isolated people because of the high numbers and will start sending medical packages to Covid patients from Monday, officials said. The supplies will include ...

Bloomberg Russia has already lost access to almost half of its reserves and sees more risks to President Vladimir Putin’s war chest due to increased pressure from the West on China, said Finance Minister Anton Siluanov. “The total volume of our reserves is about $640 billion, and about $300 billion are in such condition that we can’t use them now,” ...