Bloomberg Lego booked record sales and profit last year, as consumers of all ages turned to its iconic toy bricks during the pandemic. Net income rise 19% to 9.9 billion kroner, the company, which is based in western Denmark, said on Wednesday. Sales gained 13% to 43.7 billion kroner, the most Lego has ever brought in during a single year. ...

Bloomberg US airlines, joined by travel groups and labour, urged the Biden administration to take the lead in developing standards for temporary Covid-19 health credentials that would help reopen global travel by documenting vaccinations and test results. The US “must be a leader” in efforts already underway in other regions to implement such travel passports, groups including Airlines for America ...

Bloomberg Gap Inc. is weighing options including a potential sale for its China business, according to people with knowledge of the matter, as the US clothing retailer looks to revamp the operation in the world’s second-largest economy. The company is working with Morgan Stanley to study options and has reached out to prospective suitors to gauge interest for the business, ...

Bloomberg The US accepted a troop-funding increase from South Korea significantly less than demanded by the Trump administration, underscoring President Joe Biden’s efforts to ease tensions with a key ally often criticised by his predecessor. South Korea agreed to pay 1.18 trillion won ($1.04 billion) to the US for security this year, about a 14% increase from 2019, the Foreign ...

Bloomberg Libyan lawmakers approved the country’s first unified government in about seven years, overcoming a major hurdle in a fragile political reconciliation that’s supposed to end almost a decade of conflict. Lawmakers overwhelmingly backed Prime Minister Abdul Hamid Mohammed Dbeibah’s proposed transitional administration during a third joint session of the North African nation’s two rival assemblies. The new cabinet, made ...

Bloomberg India plans to buy 30 armed drones from the US to boost its sea and land defenses as tensions persist with neighbors China and Pakistan, according to reports. The South Asian nation will approve next month the $3 billion purchase of 30 MQ-9B Predator drones manufactured by San Diego-based General Atomics, the officials said, asking not to be identified ...

Bloomberg The former prime minister of Mongolia said he is the victim of a global smear campaign likely orchestrated by the current president to label him as corrupt ahead of a June election. Sukhbaatar Batbold, a businessman who was Mongolia’s prime minister from 2009 to 2012, claimed President Khaltmaagiin Battulga appears to be the architect of a series of lawsuits ...

Bloomberg The Chinese Foreign Ministry summoned the British ambassador, escalating a row between countries over press freedom. The ministry said in a statement that Ambassador Caroline Wilson posted a public article on the popular WeChat messaging service complaining about sanctions on foreign media, even as those news outlets spread fake news. The article “deliberately confused defamation with critical news reporting” ...

Bloomberg Officials at the International Monetary Fund (IMF) see some benefit in delaying a $45 billion agreement with Argentina after the nation’s midterm election in October, with talks yielding little progress six months after they began, according to people familiar with the situation. While IMF negotiators prefer to hash out a deal with Argentina as soon as possible, some see ...

Bloomberg Investors rushed back into Tesla Inc. shares, putting a screeching halt to a five-day slump, and pushing the stock to its biggest gain in more than a year. A steady stream of positive news — including an upgrade from a Wall Street analyst, a rally in the cryptocurrency Bitcoin and a broader turn in sentiment toward high-multiple technology stocks ...