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  Bloomberg Saudi Arabian grocery chain BinDawood Holding bought a majority stake in e-commerce app manager and developer International Applications Trading Co for an initial payment of $28.7 million that could increase subject to future profitability milestones. BinDawood Holding, through its Future Technology Retail unit, signed a definitive agreement to acquire a 62% stake in IATC, according to a statement. ...

  Bloomberg The US Federal Aviation Administration’s (FAA) chief of safety is becoming the agency’s acting leader next week. Billy Nolen, who joined the FAA this year after a career as an airline pilot and executive, will be the temporary replacement for Steve Dickson, who is stepping down on Thursday. The appointment was announced in an FAA press release. The ...

Bloomberg US President Joe Biden called for the ouster of Vladimir Putin, an unscripted and revealing aside that risks feeding the Russian president’s narrative that the conflict is in fact an effort to remove him from power, not simply to stop his invasion of Ukraine. Biden took the stage in Warsaw to deliver one of the most consequential speeches of ...

  Bloomberg Poland’s President Andrzej Duda criticised Hungary for failing to support Ukraine, exposing a growing rift between the two erstwhile allies since the war began more than a month ago. Speaking after meeting US President Joe Biden in Warsaw, Duda said Hungary’s high dependence on Russian energy supplies makes PM Viktor Orban understandably wary. “But given Russian aggression against Ukraine, ...

  Bloomberg Images of North Korea’s successful launch of an intercontinental ballistic missile overseen by Kim Jong-un that aired on the reclusive nation’s state TV were likely taken from an earlier test that failed, NK Pro reported. Satellite images of the Pyongyang International Airport, where the tests were conducted, indicate North Korea used some footage from a failed Hwasong-17 test ...

  Bloomberg Los Angeles Mayor Eric Garcetti — whose nomination as US ambassador to India has faced months of delay — said there’s a pressing need to fill the role since Russia’s invasion of Ukraine. “This is an urgent national-security moment,” Garcetti said in an interview at LA’s City Hall. “And I think our country deeply feels that right now ...

Bloomberg Brazil President Jair Bolsonaro is seeking a second term amid growing economic challenges that will potentially determine the outcome of this year’s election. The right-wing leader is launching his pre-candidacy at an event organised by the Liberal Party, which will also host Defense Minister Walter Braga Netto, whom he may tap as running mate. According to Brazilian law, candidates ...

  Bloomberg Thailand’s Prime Minister Prayuth Chan-Ocha slipped to the second position in an opinion poll as the number of undecided voters shrunk amid speculation of an early general election. Prayuth, the coup leader-turned-premier, got 12.7% votes in a March 10-15 survey by the National Institute of Development Administration, known as Nida. That’s down from 16.9% in December and his ...

  Bloomberg Bank of Japan (BOJ) Governor Haruhiko Kuroda said stable inflation was needed to trigger policy change at the central bank not yen weakness, in remarks that appeared aimed at cooling speculation of possible stimulus tweaks driven by the sliding currency and signs of heating prices. Speaking in parliament after the yen breached the 122 mark against the dollar ...

Bloomberg JPMorgan Chase & Co. said it will do a third-party audit of its $30 billion racial-equity commitment, following Citigroup Inc and BlackRock Inc in agreeing to such a review. The biggest US bank will hire a third party to perform the audit and publish a report on the results by the end of this year, according to a statement. ...