Bloomberg Authentic Brands Group LLC, the owner of brands such as Brooks Brothers, Juicy Couture and Forever 21, is exploring going public as soon as this year, according to people with knowledge of the matter. The New York-based company has held discussions with potential advisers about an initial public offering, the people said, asking not to be identified because the ...

Bloomberg Amazon.com Inc was expected to announce an acquisition of the Metro-Goldwyn-Mayer (MGM) movie studio on Tuesday, according to a person familiar with the matter, marking the e-commerce giant’s biggest push yet into Hollywood. Amazon is in talks to pay almost $9 billion for the business, said the person, who asked not to be identified because the deliberations are private. ...

Bloomberg It began with a group of scientists and a wild idea: That the byproduct remaining after making oat bran could be turned into non-dairy milk. That idea became the foundation of Oatly Group AB, the Swedish oat milk company that debuted in New York after raising $1.4 billion in an IPO. The share sale cements the fortunes of one ...

Bloomberg Malian Vice President Assimi Goita said he fired the nation’s president and prime minister, hours after the two men were detained by mutinous soldiers. “In light of recent events, I feel obliged to relieve the president and prime minister of their functions to defend the republic,” Goita said in a statement read on state television on Tuesday by Baba ...

Bloomberg President Joe Biden will meet Russian President Vladimir Putin in Geneva on June 16, the first summit between the two leaders since the American president took office. “The leaders will discuss the full range of pressing issues, as we seek to restore predictability and stability to the US-Russia relationship,” White House Press Secretary Jen Psaki said in a statement ...

Bloomberg Police visited Twitter Inc’s empty offices in India following the company’s decision to label multiple tweets from accounts linked to the country’s ruling party as manipulated media. The unexpected visit happened late Monday after Twitter labelled multiple tweets for violating its synthetic and manipulated media policy, a person familiar with the matter confirmed. The policy forbids users from sharing ...

Bloomberg US Secretary of State Antony Blinken kicked off a Middle East diplomatic mission with a pledge to help reconstruction efforts in Gaza, left battered after a destructive 11-day conflict with Israel. Standing next to Israeli Prime Minister Benjamin Netanyahu in Jerusalem, Blinken said he will specify an aid package to the Palestinians later on Tuesday. The US will ensure ...

Bloomberg Two light rail transit trains collided at an underground section near the famed Petronas twin towers in Kuala Lumpur, injuring more than 200 passengers in a rare mishap that has prompted a full government probe. No deaths were reported while 47 passengers sustained serious injuries, Bernama cited Dang Wangi District Police chief Mohamad Zainal Abdullah as saying. The collision ...

Bloomberg Backed by the US, European Union (EU) leaders moved to impose new sanctions on Belarus over the forced landing of a Ryanair Holdings Plc jet and the arrest of a dissident journalist. “It’s piracy,” German Finance Minister and Vice Chancellor Olaf Scholz said on Tuesday in a Bloomberg webinar. “I’m really, really angry about what happened and we cannot ...

Bloomberg Germany has suffered a 300 billion-euro ($366 billion) blow from fallout linked to the coronavirus and the economic damage will take years to fix, according to research group IW Cologne. The pandemic is projected to slash about 100 billion euros ($122.59 billion) from the output of Europe’s largest economy in the first half of 2021, adding to the hit ...