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  Bloomberg Market Kurly became South Korea’s first billion-dollar online grocery app by delivering fresh produce to customers’ doorsteps by dawn the next day. Now it’s expanding to Singapore by offering products on Alibaba Group Holding Ltd’s RedMart. Singaporeans were expected to buy Market Kurly’s ready-to-cook and ready-to-eat meals via the app, owned by Alibaba unit Lazada. They include frozen ...

  Bloomberg London Heathrow airport Chief Executive Officer John Holland-Kaye defended a flight cap that’s truncated airline schedules and upset travel plans for thousands of Britons, saying the move has greatly reduced delays. The limit of 100,000 daily departing passengers has delivered improvements to the customer experience, with fewer last-minute cancellations and better aircraft punctuality and baggage delivery, Holland-Kaye said. ...

  Bloomberg Russia defied growing international pressure to grant United Nations inspectors immediate access to Europe’s largest nuclear plant amid fears of a catastrophe over shelling of the area in Ukraine occupied by Kremlin forces. The UN’s International Atomic Energy Agency has warned of a “real” risk of nuclear disaster at the Zaporizhzhia plant in southeastern Ukraine because of repeated ...

Bloomberg Former President Donald Trump said he supported the release of documents related to the FBI’s search of his Mar-a-Lago home earlier this week, including a copy of the search warrant and a receipt of items that agents took from the property. Trump made the announcement late Thursday on his social media site, Truth Social, following a Justice Department request ...

Bloomberg Latvia and Estonia joined Lithuania in abandoning the so-called 16+1 eastern European framework with China, which once threatened to divide the European Union in its relations with the world’s most populous nation. The format between China and eastern members took shape in 2012 as a platform for Beijing to forge ties with 16 eastern European countries, cooperating on infrastructure ...

Bloomberg Britain’s leading trade unionists will hold a rally in London next week in the middle of a string of train strikes designed to bring the country to a standstill. ‘Enough is Enough,’ a union-led group that also includes Labour MP Zarah Sultana, has been set up to protest against the rising cost of living. Wednesday’s event in Clapham, south ...

  Bloomberg Indonesian Defense Minister Prabowo Subianto will run for the presidency in 2024, hoping the third time’s a charm as he tops popularity surveys on the back of his strongman image and support from the majority Muslim population. Prabowo, who leads Indonesia’s third largest party Gerindra, announced his intention in a briefing after a party meeting on Friday. The ...

  Bloomberg The People’s Bank of China (PBOC) said it will safeguard the economy against inflation threats, pledging to avoid massive stimulus and excessive money printing to spur growth. The central bank will both support economic growth and ensure stable prices, the PBOC said in its quarterly monetary policy report. At the same time, it will provide stronger and higher-quality ...

  Bloomberg India’s largest mortgage financier used an unusual trade to hedge some of its borrowings against interest rate volatility as it sought to expand its range of tools to manage risk. Housing Development Finance Corp, (HDFC) the nation’s biggest rupee-bond issuer this year, used a so-called total return swap to hedge rate risks on a debt issuance which closed ...

  Bloomberg Credit-card spending is slowing down as US consumers feel the impact of rising rents and other increased costs, according to Bank of America Corp (BofA). Spending on credit and debit cards per household increased in July by 5.3% from a year earlier, down from 5.7% in June, Bank of America Institute said in a report. That pace lags ...