Bloomberg Portuguese retailer Sonae SGPS SA was expected to open its first store without checkout staff in Lisbon on Wednesday, bringing an innovation pioneered by Amazon.com Inc to the European continent. Arrays of cameras and sensors track shoppers who are charged through an app as they pick groceries from the shelves at the Continente brand store. The technology was provided ...

Bloomberg US airlines rose as the country’s three biggest carriers said a travel rebound is gaining steam, with United Airlines Holdings Inc and Delta Air Lines Inc heading for the highest closing price in about six weeks. The pace of recovery has been faster than expected, Delta President Glen Hauenstein said. United predicted it would turn a profit before certain ...

Bloomberg US government officials monitoring the airways say they won’t tolerate passengers who refuse to don masks as airline travel surges ahead of the summer season. A recent spike in unruly passenger reports, many of them involving people refusing to cover their faces, prompted Homeland Security Secretary Alejandro Mayorkas to issue a stern warning to travellers. “Let me be clear ...

Bloomberg Hong Kong’s opposition-free legislature is expected to approve sweeping changes to the city’s electoral system ordered by the Chinese leadership, dramatically curtailing the ability of dissenting voices to participate in government. The amendments poised to be approved on Wednesday by the Legislative Council would create a review committee to vet candidates for elected office to ensure they are patriotic ...

Bloomberg India has evacuated almost 2 million people from the east coast to safer places as a powerful cyclone hit the nation at a time when authorities are also battling the world’s worst outbreak of Covid-19. The eastern state of West Bengal has shifted about 1.1 million people to various relief centres, while neighbouring Odisha has so far moved more ...

Bloomberg French President Emmanuel Macron has begun working to rally the left to his side as he gears up for a tough fight to keep his job in less than a year. Over the past few days, Macron appeared in a 30-minute game show with popular YouTubers clearly aimed at countering an impression of arrogance and aloofness that shows up ...

Bloomberg Goldman Sachs Group Inc received approval from Chinese regulators to set up a wealth management joint venture (JV) in the world’s second-largest economy to go after an asset pool it estimated will surpass $70 trillion by the end of this decade. Goldman Sachs Asset Management will hold 51% in the venture, while wealth arm of Industrial & Commercial Bank of ...

Bloomberg China’s yuan advanced to a three-year high in onshore markets as the central bank signaled that it’s comfortable with a recent rally by setting a strong daily reference rate. The currency gained as much as 0.3% to 6.3913 per dollar in onshore markets, the highest since June 2018, while rising 0.4% offshore. The People’s Bank of China set its ...

Bloomberg Indonesia’s central bank left its key interest rate unchanged for a third straight month, pledging to rely primarily on liquidity tools amid signs of a tentative recovery in Southeast Asia’s largest economy. Bank Indonesia held the seven-day reverse repurchase rate at 3.5%, as all 29 economists in a Bloomberg survey predicted. The central bank has cut the policy rate ...

Bloomberg Investors will scrutinise forecast upgrades expected from the Bank of Korea (BOK) for hints about when the bank is likely to end its run of record-low interest rates. South Korea’s central bank is seen raising its growth and inflation projections significantly at its Thursday meeting after recent economic data beat expectations. Still, analysts see the bank holding its key ...