Bloomberg Nestle SA is preparing for post-pandemic coffee growth as the world’s largest food company rolls out touchless machines for the office and bets new flavors will win over more consumers making coffee at home. The maker of Nespresso and Nescafe is planning a wider introduction of machines that can be controlled via smartphone, catering to concern about viral transmission, ...

Bloomberg This week Joe Biden made good on his campaign promise to work more with allies to pressure China, coordinating with US partners to impose sanctions over alleged human-rights abuses in Xinjiang. Beijing’s response: Hit back at the allies as hard as possible. China wasted no time immediately retaliating with reciprocal sanctions against European Union officials while summoning the bloc’s ...

Bloomberg The US expressed concerns over the presence of more than 200 Chinese fishing vessels near a disputed South China Sea reef, saying Beijing uses “maritime militia to intimidate, provoke and threaten other nations.” Chinese boats “have been mooring in this area for many months in ever increasing numbers, regardless of the weather,” the US embassy in the Philippines said ...

Bloomberg An Australian adviser to Myanmar’s detained civilian leader, Aung San Suu Kyi, is being investigated by the authorities under two separate charges, the junta’s main spokesman said on Tuesday. Sean Turnell, who was detained shortly after the military takeover of the country in a coup on February 1, is being investigated for violations of Myanmar’s immigration and official secrets ...

Bloomberg Scottish First Minister Nicola Sturgeon will seek to shift the focus back onto her push for an independence referendum after facing the biggest threat to her job since coming to power more than six years ago. The Scottish National Party leader is all but sure to survive a no-confidence vote that Prime Minister Boris Johnson’s Conservatives had hoped would ...

Bloomberg Morgan Stanley is doubling down on its efforts to help Mitsubishi UFJ Financial Group Inc. replicate the US lender’s highly successful wealth management business in Japan, where competition to serve rich clients is intensifying. The New York-based lender has dispatched Darren Spencer, the former chief operating officer of Morgan Stanley Private Wealth Management, to Tokyo to train staff and ...

Bloomberg French prosecutors and lawyers for the government said UBS Group AG should be ordered to pay $3.6 billion — 33% less than the original judgment — for allegedly helping French clients hide money from the nation’s tax authorities. Prosecutor Serge Roques asked a Paris court of appeals to impose a 2 billion-euro fine on UBS, acknowledging the limits set ...

Bloomberg Credit Suisse Group AG CEO Thomas Gottstein signalled he’d consider further separating the asset-management unit from the rest of the bank after the Greensill Capital collapse, as he steps up efforts to limit the reputational damage from the supply-chain finance scandal. Making asset management an independent entity is “potentially part of the plan,” Gottstein said in a Bloomberg Television ...

Bloomberg China appointed two new economists to its central bank monetary policy committee with expertise in the labour market and population, suggesting an increased focus on boosting jobs and household incomes. Cai Fang, a well-known economist at the government-linked Chinese Academy of Social Sciences, and Wang Yiming, a former deputy director of the Development Research Center of the State Council, ...

Bloomberg India is set to face its first test of demand for a riskier type of bank bond since the regulator introduced a cap on mutual funds’ investments in such securities. One of the nation’s largest regional lenders, Bank of Maharashtra, is seeking bids Monday for rupee-denominated Tier 2 notes in a sale that will be closely watched to gauge ...