April, 2023

• 16 April

  Walmart offloads Bonobos unit in $235m fashion flop

  

  BLOOMBERG Walmart Inc agreed to sell its Bonobos menswear line to WHP Global and Express Inc for $75 million — $235 million less than what the retail giant paid for the business in 2017. WHP, owner of such brands as Anne Klein and Joseph Abboud, will pay $50 million for the  Bonobos brand, according to a statement. Express, which is ...

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• 16 April

  Airbus regains $110b market value last seen before Covid in 2020

  

  BLOOMBERG Airbus SE has clawed back a €100 billion ($110 billion) market value last reached before the coronavirus pandemic in early 2020 knocked the stock, as a rapid rebound in air travel swells the planemaker’s order book. The Toulouse, France-based planemaker last had a market capitalisation in excess of €100 billion in the early weeks of 2020, after which the ...

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• 16 April

  Delta eyes profit beat ahead of crucial summer travel season

  

  BLOOMBERG Delta Air Lines Inc sees profit this quarter topping Wall Street’s estimates, buoyed by steady bookings heading into the crucial summer travel season, even as it posted weaker-than-expected results for the first months of the year. Adjusted second-quarter earnings will be $2 to $2.25 a share, the Atlanta-based airline said in a statement. That compares with a $1.61 analyst ...

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• 16 April

  Japan’s PM resumes election speech schedule after bomb scare

  

  BLOOMBERG Japanese Prime Minister (PM) Fumio Kishida returned to the campaign trail after being targeted by an explosive device at an event he attended in central Japan, weeks before he hosts the Group of Seven (G-7) world leaders for a summit. A 24-year-old man has been arrested on suspicion he threw an explosive in Kishida’s direction just as he was ...

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• 16 April

  Thaksin-linked party maintains lead in poll ahead of Thai vote

  

  BLOOMBERG Thailand’s main opposition party remains the top choice of voters ahead of a general election next month, with Prime Minister Prayuth Chan-Ocha and his party falling further behind in their bid to retain power, according to an opinion poll. Pheu Thai, linked to former premier Thaksin Shinawatra, was backed by 47% of the participants in the April 3-7 survey ...

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• 16 April

  Death toll mounts in Sudan as clashes escalate on second day

  

  BLOOMBERG Deadly battles between Sudan’s army and a rival paramilitary group spread across the country during a second day of violence, with fatalities rising to at least 56 amid fears of a full-blown civil war. Intense fighting took place at the military’s headquarters in the capital Khartoum, causing parts of the building to catch fire, the army said in a ...

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• 16 April

  Netflix tests idea of expanding gaming service to televisions

  

  BLOOMBERG Netflix Inc is working to bring its nascent video-game service to television sets for the first time, moving beyond smartphones and tablets in a sign of its growing ambitions. Code hidden within Netflix’s app includes references to games played on the TVs, signalling that such a plan is in motion. The code also mentions using phones as video-game controllers. ...

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• 16 April

  US seeks to avoid duplicating efforts on chips with partners

  

  BLOOMBERG The US is hard at work with partners and allies to streamline global supply chains for semiconductors and restore its leading edge in chip technology, according to a top official overseeing the efforts. “We don’t want a race to the bottom,” Mike Schmidt, director of the Chips Program Office, told Tracy Alloway and Joe Weisenthal on Bloomberg’s “Odd Lots” ...

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• 16 April

  Apple makes headway on new Mac laptops as it grapples with slump

  

  BLOOMBERG Apple Inc is ramping up testing of fresh Macs with processors on par with the current M2 chip, making headway on key new machines that could help reverse a sales decline. The Mac maker has begun testing the new machines with third-party apps from the App Store to validate their compatibility, according to developer logs shared with Bloomberg News. ...

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• 14 April

  HSBC’s French retail unit sale ‘less certain’ on interest rate rises

  

  BLOOMBERG  HSBC Holdings Plc said rising interest rates have put a deal to sell its French retail banking business into question, a potential blow to its plans to streamline its global operations. The UK lender said in a statement that “significant, unexpected interest rate rises in France” since it signed a memorandum of understanding with Cerberus’s My Money Bank in ...

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