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Bloomberg Stocks and US equity futures slid on Tuesday amid escalating US-China tension over Taiwan and deepening worries about a global economic slowdown, driving investors into the safety of government bonds. The Stoxx Europe 600 falls 0.6%, with energy among the few industries bucking the trend after BP Plc hiked its dividend and accelerated share buybacks to the fastest pace …

Bloomberg Investors may be getting overconfident in betting the Federal Reserve may cut interest rates sooner to bolster a flagging US economy, according to Goldman Sachs Group Inc. strategists. “Looking at the re-pricing of cyclical assets in the US and EU, we think the market might have been too complacent too soon in fading recession risks on expectations of a …

Bloomberg Deutsche Lufthansa AG may face further disruption after its pilots voted for strikes if they’re considered necessary to force a wage deal, a move that could unleash another wave of cancellations unless the airline’s negotiators and labour representatives can settle their differences. The VC pilots union voted overwhelmingly in favour of walkouts, meaning Lufthansa could be hit with stoppages …

  Bloomberg Boeing Co has put forward a modified contract for about 2,500 union members at three defense locations near St Louis, days after the workers voted to reject a previous draft and begin a strike. “This new offer builds on our previous strong, highly competitive one and directly addresses the issues raised by our employees,” a Boeing spokesperson said …

  Bloomberg Walmart Inc has a new sales pitch for consumers contending with soaring prices: Buy used goods. A new “Walmart Restored” program will make it easier to shop for refurbished items from the likes of Apple Inc, Samsung Electronics Co and Whirlpool Corp’s KitchenAid, the retail giant said in a statement. The restored merchandise will be available online and …

Bloomberg Prada SpA reported a rebound in first-half revenue backed by strong performances in Europe and the Americas, as luxury company results continue to show resilience despite lockdowns in China and soaring inflation. The Italian fashion house said in a statement that it remains confident on medium-term targets despite macroeconomic uncertainty, citing the global health situation, the rate of recovery …

  Bloomberg The UK’s competition watchdog started a probe into potentially misleading environmental claims made by fashion brands Asos Plc, Boohoo Group Plc and George at Asda, over greenwashing concerns. The Competition and Markets Authority (CMA) said it opened an investigation into the three fashion brands “to scrutinise their ‘green’ claims,” saying it’s concerned that clothes, footwear and accessories are …

  Bloomberg Vinci SA has agreed to buy Fintech Advisory Inc’s 30% stake in Mexican airport operator Grupo Aeroportuario del Centro Norte SAB. The French concessions and construction company will become the leading shareholder in the operator, known as OMA, it said in a statement that confirmed an earlier Bloomberg News report. The deal is valued at about $815 million, …

  Bloomberg The chief operating officer of Zilingo Pte has resigned from the company after a tenure during which the fashion e-commerce startup rose to prominence before plunging into a crisis. Aadi Vaidya, who joined the company in 2015 and became the COO two years later, confirmed his resignation when contacted by Bloomberg News. “I have resigned and decided to …

Bloomberg European stocks ticker higher as corporate earnings continued to deliver upside surprises while investors assessed remarks from central bankers that higher interest rates are needed to bring inflation under control. The Stoxx 600 Index rises 0.2%, led by banks, as HSBC Holdings Plc posted better-than-estimated profits. S&P 500 contracts slipped following the best month for US stocks since November …