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  Bloomberg Fashion retailers Hennes & Mauritz AB, Burberry Group Plc and Boohoo Group Plc are curtailing operations in Russia after its invasion of Ukraine, with the Swedish clothing chain expressing concern about “tragic developments” there. H&M is pausing all sales in Russia after shutting stores in Ukraine for safety reasons, it said. Burberry has halted shipments to the country ...

  Bloomberg Boeing Co is caught in a bind after the US barred Russian airlines from its skies following the invasion of Ukraine. The move could affect Boeing’s main wide-body plant in Everett, Washington, near Seattle, where giant Antonov An-124 cargo planes operated by Russia’s Volga-Dnepr Group are used to fly structures from other plants. The US Transportation Department had ...

  Bloomberg Canada’s WestJet Airlines Ltd agreed to buy low-cost rival Sunwing Airlines and Sunwing Vacations tour operations, ramping up competition in an industry that’s emerging from two years of turmoil brought on by the coronavirus pandemic. WestJet and Sunwing announced the deal in a statement, noting that Sunwing’s current shareholders will become equity holders of WestJet. Terms weren’t disclosed. ...

  Bloomberg Kohl’s, under pressure by activist investors, gave an optimistic outlook for the year while reporting weaker-than-expected sales in the fourth quarter. The company is expanding its venture with cosmetics chain Sephora after a shop-in-shop concept drove higher sales at participating locations. Kohl’s executives added on a call with analysts that Sephora is attracting new customers who are younger ...

Bloomberg Libyan lawmakers’ plan to install a new government faced turmoil after gunmen seized two of the proposed ministers, escalating a standoff that risks reigniting conflict in the OPEC member. The incoming foreign affairs and culture ministers were taken by unidentified men while en route to the eastern city of Tobruk, according to a statement from the office of Fathi ...

Bloomberg Finland’s President Sauli Niinisto will visit President Joe Biden in Washington, DC, on Friday, just as the debate on joining Nato has intensified in the Nordic country after its neighbor Russia invaded Ukraine. The presidents are set to discuss Russia’s attack, its impact on security in Europe and bilateral cooperation between the countries, Niinisto’s office said in a statement ...

  Bloomberg Rosneft Chairman and Chief Executive Officer Igor Sechin’s superyacht was impounded by French customs officials on the Cote D’Azur, part of the European Union’s sanctions against wealthy Russians with close ties to President Vladimir Putin. The Amore Vero was confiscated overnight in the Mediterranean port of La Ciotat, near Marseille, as it was preparing an urgent departure, according ...

  Bloomberg Mozambican President Filipe Nyusi dismissed Prime Minister Carlos Agostinho do Rosário, a day after he removed six members of the cabinet in his government’s biggest leadership overhaul since he took power in 2015. Nyusi didn’t provide any reason for the decision, nor did he immediately name a replacement in a statement from his office Thursday. Do Rosario had ...

Bloomberg The White House is asking Congress for $32.5 billion in emergency funding to boost its response to Russia’s invasion of Ukraine and tackle the ongoing fight against the coronavirus. President Joe Biden’s administration has requested $10 billion for Ukraine, money that will be used to address the mounting humanitarian crisis as well as assist its defense against Russia. Of ...

  Bloomberg Amazon.com Inc and its sparring partner Future Retail Ltd. will hold talks to resolve a dispute over the sale of the latter’s assets to Reliance Industries Ltd, a move that could end a bitter litigation that delayed payments to bondholders and deepened losses for Future’s former-billionaire founder. During a Supreme Court hearing Thursday, Future’s lawyers agreed to a ...