Bloomberg Wall Street is keeping its faith in Amazon.com Inc., the only megacap technology stock with unanimous analyst buy ratings, even after the e-commerce giant lagged behind its peers by a huge margin for the past 18 months. Morgan Stanley grew more optimistic on the shares after their worst annual performance since 2014, raising its price target Monday and ...

  Bloomberg China is urging consumers to boycott a promotion offered by KFC and toy retailer Pop Mart International Group Ltd., saying it encourages food waste— the latest example of a foreign brand running into trouble in the world’s second-largest economy. The China Consumers Association said in a statement Wednesday that one person bought 106 meals, spending nearly 10,500 yuan ...

  Bloomberg A meeting between senior Russian and Nato officials in Brussels is running longer than scheduled as the two sides continue their diplomatic push to ease tensions over Moscow’s troop build-up near Ukraine. The encounter comes after a US-Russian meeting in Geneva earlier this week, with Western diplomats still struggling to discern the real intentions of Russian President Vladimir ...

  Bloomberg Former President Donald Trump claimed Twitter Inc “damaged the integrity” of the US election system by banning him from its social-media platform for stoking last year’s insurrection. Trump, permanently suspended from Twitter after a mob of his supporters raided the US Capitol to prevent the certification of Joe Biden as winner of the 2020 presidential election, is seeking ...

  Bloomberg Taiwan found debris near the area where one of its most advanced fighter jets went missing, as the search for the pilot and his aircraft stretched into a second day. The wreckage was found Wednesday close to where the F-16V disappeared during a training exercise, Taiwan’s National Rescue Command Center said in a text message. It is the ...

  Bloomberg North Korean leader Kim Jong-un personally oversaw his regime’s latest hypersonic missile test, official media reported, as he pushes to develop weapons to counter US defenses. The Korean Central News Agency said the hypersonic glide vehicle made a 240-kilometer (150-mile) “corkscrew” maneuver during flight to hit a target in waters 1,000 kilometers away. It called the launch “a ...

  Bloomberg Japanese Foreign Minister Yoshimasa Hayashi commended a recent visit by Cambodian leader Hun Sen to Myanmar, which was the first by a foreign leader since the military coup in February. In a phone call with his counterpart Prak Sokhonn on Tuesday, Hayashi said he remained concerned about violence in Myanmar, and welcomed Cambodia’s positive efforts to resolve the ...

  Bloomberg UK Prime Minister Boris Johnson sought to head off a growing revolt within his own party, offering an apology for attending what he called a “work” event in the Downing Street garden during lockdown, when outside parties were illegal. “There were things we simply did not get right,” he told the House of Commons on Wednesday. “I must ...

  Bloomberg It was once hailed as the future of Chinese banking, a privately run lender that would mint money by outmaneuvering its state-owned rivals. An ill-fated push into property lending has instead turned China Minsheng Banking Corp into one of the biggest casualties of the real estate debt crisis that’s roiling Asia’s largest economy. Battered by mounting losses on ...

  Bloomberg Standard Chartered Plc is closing about half its Nigerian branches in a pivot to digital banking, according to people familiar with the matter, as the finance industry comes under pressure from mobile money providers. The London-listed lender’s local unit has already started to shut some offices and will eventually operate only 13 branches in the West African nation, ...