Bloomberg Glow Recipe, a skin-care brand popular for its fruit-based products, is exploring a sale that could value it at $400 million to $500 million. The company is working with Goldman Sachs Group Inc., said the people, who asked to not be identified. It has $80 million in annual revenue. No final decision has been made and Glow Recipe ...
Read More »China pushes back line US drew to keep peace in Taiwan Strait
Bloomberg China has sent warplanes across the Taiwan Strait’s so-called median line almost daily since House Speaker Nancy Pelosi’s visit last month, shrinking a buffer zone that has helped keep the peace for decades. An average of 10 Chinese aircraft have crossed the US-drawn boundary every day since Aug. 3, when Pelosi became the first House speaker to visit ...
Read More »Afghan mosque blast kills 18 including pro-Taliban cleric
Bloomberg Eighteen Afghans were killed and dozens were wounded as a blast ripped through a mosque in Afghanistan’s western Herat province, the latest in a series of attacks on worshipers. The explosion went off as one of the people at the mosque stepped forward to greet pro-Taliban cleric, Mujib Rahman Ansari, before the Friday prayers, Mahmoud Shah Rassouli, a ...
Read More »IAEA team stays on at besieged atomic plant to probe damage
Bloomberg International monitors remaining at a Russian-occupied atomic plant in Ukraine are staying in order to independently evaluate how continued military attacks against the facility risk a nuclear accident. International Atomic Energy Agency inspectors arrived at the Zaporizhzhia Nuclear Power Plant after a harrowing journey across the frontline separating Ukrainian and Russian forces. The sounds of heavy machine-gun fire, ...
Read More »Biden urges voters to reject Trump, warning democracy at risk
Bloomberg President Joe Biden accused Donald Trump and Republicans who back him of endangering US democracy and urged Americans to reject any candidate backed by his predecessor in the November midterm election. “Donald Trump and MAGA Republicans represent an extremism that threatens the very foundation of our republic,†Biden said Thursday in a prime-time speech from Philadelphia’s Independence National Historical ...
Read More »Argentina VP survives assassination attempt
Bloomberg A man was arrested in Argentina after pointing a gun at Vice President Cristina Fernandez de Kirchner as she greeted supporters outside her residence in Buenos Aires, a rare case of political violence that shocked the South American nation. Video footage circulating on social media Thursday night showed a man coming within inches of the vice president and ...
Read More »Myanmar sentences Suu Kyi to more jail time for election fraud
Bloomberg A military-controlled court in Myanmar sentenced deposed civilian leader Aung San Suu Kyi to three more years in prison for alleged election fraud in the 2020 general elections, according to a person familiar with the matter. The conviction on Friday was the fifth verdict against the Nobel peace laureate since the military topped her civilian government in a ...
Read More »Microsoft’s $69 billion Activision deal faces in-depth probe in UK
Bloomberg Microsoft Corp.’s planned $69 billion purchase of Activision Blizzard Inc. will be sent for an in-depth review unless the tech giant offers remedies to address the UK watchdog’s concerns. The Competition and Markets Authority (CMA) said it was concerned about a substantial lessening of competition in the gaming consoles, multi-game subscription services and cloud gaming markets. It gave ...
Read More »Canada’s economy posts 3.3% growth in Q2 2022
Bloomberg The Canadian economy accelerated in the second quarter as the nation benefited from surging commodity prices and got a boost from the lifting of Covid-19 lockdowns, though signs are emerging the momentum is waning. Gross domestic product rises at a 3.3% annualised rate after a 3.1% increase in the first three months of the year, Statistics Canada reported. ...
Read More »Spain’s inflation slows but any retreat is likely to be gradual
Bloomberg Spanish inflation eased for the first time in four months, though surging energy prices as Russia limits supplies before the winter mean the retreat from record highs will probably be slow. European Union-harmonised consumer prices rise as much as 10.3% from a year ago in August, down from July’s 10.7% increase, Spain’s statistics service said in a statement. ...
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