Bloomberg Lululemon Athletica Inc is looking for a new chief executive officer for its Mirror unit as its leader steps down just over a year after the at-home fitness company was acquired. Brynn Putnam is leaving her role as CEO of Mirror but will continue to work as an adviser to the company through July. Putnam founded Mirror in 2016 ...

Bloomberg China’s rapidly growing military influence and unilateral changing of the status quo could present a risk to Japan, Prime Minister Yoshihide Suga said in an interview with Bloomberg, ahead of the first Quad summit. “The changing power balance brought by the rise of China in the Indo-Pacific, along with the increasing inward focus spurred by the pandemic have increased ...

Bloomberg UK Prime Minister Boris Johnson told France it’s time to get over its anger about being brushed aside as the US and Britain cut a deal to supply Australia with nuclear submarines. He made the comments in a pooled television clip in Washington on Wednesday following a meeting with US President Joe Biden the previous evening. France certainly did ...

Bloomberg A car carrying a close aide of Ukrainian President Volodymyr Zelenskiy was shot at in Kyiv in an apparent attempt to murder an official at the heart of a crackdown on the country’s biggest businessmen. While the adviser, 57-year-old Serhiy Shefir, escaped unscathed, his driver was wounded in Wednesday’s incident, according to a police statement. Prosecutors said 18 bullets ...

Bloomberg The movie star turned mayor of Manila declared his candidacy for the Philippine presidency in next year’s elections, posing the biggest challenge to President Rodrigo Duterte’s plans to extend his hold on power. Isko Moreno, 46, said he will soon unveil his platform, but pledged to expand his pandemic response and projects for the poor in the capital on ...

Bloomberg US Bancorp agreed to buy Mitsubishi UFJ Financial Group’s US regional bank for about $8 billion, expanding on the West Coast as consolidation in the finance industry intensifies. The price for MUFG Union Bank NA includes $5.5 billion in cash and about 44 million shares of US Bancorp common stock, according to a statement. The agreement excludes MUFG Union ...

Bloomberg Handelsbanken AB, Sweden’s third-largest bank, plans to distribute a stake worth about $1 billion in investment company Industrivarden AB to shareholders. “As a result of the bank’s good capital situation, the board of directors of Handelsbanken has resolved to convene an extraordinary general meeting and propose an extra dividend,” the company said in a statement. The bank’s capitalisation is ...

Bloomberg Credit Suisse Group AG is considering moving its Asian investment banking operations into its global securities and advisory business as part of a wider overhaul by chairman Antonio Horta-Osorio to turn around the troubled bank. Consolidating the advisory business into the global investment bank would mirror a similar move last year to bring the Asian markets activities into that ...

Bloomberg The European Central Bank (ECB) will discuss boosting its regular asset purchases once the pandemic-era emergency stimulus comes to an end, but any such increase is uncertain, Governing Council member Madis Muller said. While the euro area’s recovery should allow the ECB to end its 1.85 trillion-euro ($2.2 trillion) pandemic bond-buying program in March, officials will discuss how to ...

Bloomberg The Bank of Spain expects inflation to peak in November before easing back below the European Central Bank (ECB) 2% target next year. The central bank raised its forecasts to 2.1% in 2021 and 1.7% in 2022 from a previous 1.9% and 1.2% respectively. The spike in inflation, driven mostly by record high electricity prices, will likely be transitory, ...