Bloomberg Burberry Group Plc said sales accelerated and operating profit will probably surge about 35% this year as the British maker of trench coats and other luxury fashions sells more products at full prices. The company issued the earnings forecast as it reported better-than-expected revenue for the last three months of the year. Comparable store sales grew 7% in ...

  Bloomberg Struggling airline PT Garuda Indonesia is facing a delay to its restructuring after creditors cited Covid-19 flare ups in seeking an extension to debt proceedings in the Southeast Asian country. Creditors of the flag carrier, which has seen business suffer due to the pandemic, have requested extensions ranging from 45 to 60 days, according to Jandri Siadari, a ...

  Bloomberg A coalition of trade associations representing some of the world’s largest retailers called on US antitrust regulators to examine the fees charged by credit-card companies after Amazon.com Inc threatened to ban Visa Inc cards in the UK. The group said it was concerned about the “excessively high” fees Visa and rival Mastercard Inc. charge retailers. Amazon this week ...

  Bloomberg Canadian border agents began refusing entry to unvaccinated American truckers just days ago, and it’s already causing chaos— particularly in fruit and vegetable markets. A mandate starting January 15 requires truck drivers crossing into Canada to be vaccinated. However, only about half of American truck drivers have gotten their shots. Meanwhile, as much as 90% of Canada’s fruits ...

  Bloomberg Secretary of State Antony Blinken will meet with Russian Foreign Minister Sergei Lavrov in Geneva this week as the US ramps up its warnings that Moscow is prepared to attack Ukraine. Blinken will press Russia to immediately de-escalate tensions on the Russian border with Ukraine, where Moscow has massed more than 100,000 troops and equipment, according to a ...

  Bloomberg Former Ukrainian President Petro Poroshenko was released on his own recognizance by a court during a treason investigation that has ratcheted up political tension as the country confronts Russian troops amassing on its eastern border. The decision by the Kyiv court followed Poroshenko’s return from abroad on Monday to face charges over allegations he facilitated coal deals last ...

  Bloomberg An actress jailed for protesting Prime Minister Narendra Modi’s controversial citizenship law, the mother of a rape survivor, and a beauty pageant winner. These are the women leading India’s once-dominant Congress party as it seeks to reinvent itself in a hotly contested state election. The slew of female candidates in India’s most populous state of Uttar Pradesh is ...

  Bloomberg Boris Johnson suffered a major setback as he seeks to hold onto power after a member of Parliament in his ruling UK Conservative Party defected to the main opposition. The move by Christian Wakeford, who was elected in 2019 in one of the many so-called red wall seats that swung from Labour to Johnson’s Tories in the general ...

  Bloomberg President Emmanuel Macron said the only way for France to remain friends with the British government is if London respects its post-Brexit commitments. Macron told European lawmakers in Strasbourg on Wednesday that Europe and the UK “must get back on the path of trust.” His comments come a week after UK and EU Brexit negotiators agreed to intensify ...

  Bloomberg Britain’s inflation rate surged unexpectedly to the highest since 1992, sharpening a squeeze on households and adding to pressure on the government and Bank of England to respond. Consumer prices surged 5.4% from a year ago in December, driven by a broad increase in the cost of food, restaurant meals and furniture, the Office for National Statistics said ...