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Bloomberg Reckitt Benckiser Group Plc is considering whether to shelve the sale of its infant nutrition unit, as the high-profile deal falls victim to chaos in the industry and worsening financing markets, people familiar with the matter said. Talks between the London-listed consumer goods and potential acquirers have stalled in recent weeks. The business, which sells brands including Enfamil, was ...

Bloomberg Hennes & Mauritz AB (H&M) reported second-quarter earnings that beat analysts’ estimates as shoppers snapped up its low-cost clothing to replenish post-Covid-19 wardrobes. The shares rise as much as 6.5% in Stockholm. Pretax profit at the Swedish retailer rises by a third to 4.78 billion kronor in the three months through May, the company said on Wednesday. Analysts had ...

  Bloomberg Air New Zealand has had its SkyNest concept in development for the past five years and announced on June 28 it’s ready for prime time—in 2024. The seats are fully flat, made up with real mattresses plus cooling pillows and bedding, and located in the back of the plane, right behind the premium economy cabin. But like everything ...

  Bloomberg Deliveroo Plc is expanding access for advertisers on its app and website, joining a growing number of delivery companies using ads to improve sales and profitability. The Deliveroo Media and Ecommerce platform, set to roll out in July, will also sell ad space on the company’s order-tracker page for the first time, the company said in a statement ...

  Bloomberg Whirlpool Corp agreed to sell the entirety of its Russian operations to Arcelik AS for deferred payments of as much as $233 million over 10 years. The sale includes the company’s manufacturing site in Lipetsk and the sales organization in Moscow, as well as sales operations in Kazakhstan and certain other countries, Whirlpool said in a filing. The ...

Bloomberg Nato leaders formally invited Sweden and Finland to join the military alliance, paving the way for reshaping European defense by lengthening its border with Russia. “The accession of Finland and Sweden will make them safer, Nato stronger, and the Euro-Atlantic area more secure,” according to summit conclusions agreed by Nato leaders in Madrid after weeks of stalling by Turkey. ...

  Bloomberg Boris Johnson said he would be “absolutely amazed” if Vladimir Putin attends the Group of 20 summit in Indonesia in November, calling the Russian president a “pariah figure.” Both Putin and Ukrainian President Volodymyr Zelenskiy have been invited to the G-20 gathering in Bali by Indonesia’s president Joko Widodo. Russia has been heavily sanctioned by some G-20 states ...

  Bloomberg President Emmanuel Macron’s bid to clinch a coalition agreement in French parliament by next week looks increasingly unlikely. The legislative trouncing earlier this month means Macron will have to build alliances to pass legislation, a situation not seen in France since 1958. But at the Matignon palace in Paris where premier Elisabeth Borne has been meeting party representatives ...

Bloomberg President Xi Jinping is set to finally leave mainland China after 893 days at home, even as he still trumpets a Covid Zero policy that has isolated the world’s No. 2 economy diplomatically amid rising geopolitical tensions. The Chinese leader will nip across the border to neighboring Hong Kong on Thursday and Friday, according to local media, for events ...

  Bloomberg The US merchandise-trade deficit narrowed in May to its smallest this year as exports rose to a record, suggesting a tailwind for economic growth in the second quarter. The shortfall shrank 2.2% to $104.3 billion last month, Commerce Department data showed. The figures, which aren’t adjusted for inflation, compared with a median estimate for a gap of $104.8 ...