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  Bloomberg Amazon.com Inc said it would create more than 4,000 new permanent jobs in the UK this year, the smallest number it’s announced in at least three years, despite planning to open two more fulfillment centers in the north of England. The new roles will span corporate, technology, as well as delivery and fulfillment positions, some of which will ...

  Bloomberg Fast Retailing Co climbed the most in three months after projecting a record full-year profit on a weaker yen and as strong sales globally outweigh a China slump due to Covid Zero lockdowns. Shares of Uniqlo’s owner surged as much as 8.5% in Tokyo, the biggest intraday gain since mid-April, and were 8.4% higher. The Topix was little ...

Bloomberg The share of US flight delays caused by airlines, as opposed to weather or air traffic control, has surged to the highest level on record, reflecting carriers’ struggle in the post-Covid rebound. Through April, airlines triggered about 58% of late flights so far in 2022, surpassing those that were tardy due to storms, the government’s air-traffic system and security ...

Bloomberg China’s attempt to strike a wide-ranging economic and security pact in the strategically important Pacific region fell apart in May because of Beijing’s rushed attempts at diplomacy. The head of the Pacific Islands Forum held this week in Fiji said Chinese Foreign Minister Wang Yi had come to the region with an “outcomes document” already prepared, before any meetings ...

  Bloomberg The European Union was set to propose a new slate of penalties targeting Russia for its invasion of Ukraine, as well as actions to tighten previously approved sanctions packages, according to people familiar with the matter. The new measures, which one of the people called a “compliance and alignment package,” are expected to target Russian gold, introduce more ...

  Bloomberg Hillary Clinton and the Democratic Party brushed off Donald Trump’s amended lawsuit accusing them of conspiring to undermine his presidency with claims of Russian collusion as a “swollen” political manifesto devoid of facts. The revised suit “alleges a series of disconnected political disputes” that Trump has “alchemized into a sweeping conspiracy” by his foes, according to a motion ...

Bloomberg Group of 20 finance chiefs started official meetings in Bali Friday with an eye towards progress on food security and debt issues as tensions over Russia impeded prospects for a more sweeping agreement. Host Indonesia is pushing for G-20 members to pledge more concrete action to respond to food insecurity, including by sharing data on commodity stockpiles, and for ...

Bloomberg With Italy on the brink of chaos, Mario Draghi has less than a week to forge some difficult compromises with the populists in his government that have reluctantly backed him for the past 18 months. The prime minister’s decision to offer his resignation plunged the euro area’s third-largest economy in a paralyzing political crisis that may end with snap ...

  Bloomberg Russian President Vladimir Putin reassigned the top official responsible for military production as the Kremlin digs in for a long war in Ukraine that’s tested an industry long plagued by inefficiency and corruption. Putin released Yury Borisov as deputy prime minister overseeing the defense industry and appointed him as general director of Roscomos in place of Dmitry Rogozin, ...

  Bloomberg Morgan Stanley’s revenue from investment banking plummeted as capital markets seized up, underlining a slow quarter for Wall Street as a dour outlook for the economy muddles the path forward. The firm’s investment-banking group posted $1.07 billion in revenue, down 55% from a year earlier, a bigger decline than the 47% drop analysts had predicted. The bank also ...