Unilever India meets profit estimate amid cost, rural stress

  Bloomberg Unilever Plc’s Indian unit reported quarterly profit that met analyst expectations as price hikes helped Asia’s largest consumer goods maker by market value manage persistent inflation that has hit the pockets of consumers in the country’s vast and largely impoverished hinterland. The Mumbai-listed Hindustan Unilever Ltd. posted a 17% rise in net income to 22.4 billion rupees ($300.6 ...

Read More »

Lufthansa may take 40% stake in ITA Airways: Foglio

  Bloomberg Deutsche Lufthansa AG may seek a 40% stake in Alitalia’s successor ITA Airways, Italian newspaper Il Foglio reported, citing unnamed sources. The plan, which could be announced in coming days, would be subject to European Union approval, the paper said. The two sides are close to agreement on issues including financial consolidation and turning Rome’s Fiumicino airport into ...

Read More »

Australia to allow overseas passengers with rapid test

  Bloomberg Australia will allow international air travelers to enter the country if they provide results from a rapid antigen test taken within 24 hours of departure. A RAT must be undertaken by or under the supervision of a medical practitioner that includes pharmacists or trained personnel at an authorized airport testing station, the Ministry of Health said on its ...

Read More »

Amazon to open clothing store this year

  Bloomberg Amazon.com Inc. said it plans to open a clothing store called Amazon Style this year in the Los Angeles area, the company’s latest foray into physical retail. The boutique will use artificial intelligence to recommend purchases as customers shop and carry a selection of women’s and men’s apparel, shoes and accessories, the company said. Using an app, shoppers ...

Read More »

Russia fires back after UK alleges anti-Ukraine plot

  Bloomberg Russia hit back on Sunday after the UK alleged that Moscow is plotting to install a pro-Russian leader in Kyiv, with the West continuing to warn that Moscow could yet invade Ukraine. The assertions, offered without a timeline on the intelligence, were contained in a UK Foreign Office statement. The UK claim is “evidence” that Nato countries, not ...

Read More »

German navy head quits after favorable Russia remarks cause spat

  Bloomberg Germany’s top naval officer resigned after comments he made about Russia, including a call to show respect toward President Vladimir Putin, caused a diplomatic incident. Ukraine summoned the German ambassador in Kyiv earlier Saturday to protest the remarks by Navy Inspector Kay-Achim Schoenbach, who also said Crimea would never return to Ukraine after its annexation by Russia in ...

Read More »

Italy’s Berlusconi abandons presidency contest

  Bloomberg Media mogul Silvio Berlusconi pulled out of the running for Italy’s presidency shortly before voting starts, strengthening the prospect that Prime Minister Mario Draghi could be elected as head of state. Italy’s longest-serving postwar premier, Berlusconi, 85, announced his decision in a statement as his Forza Italia party held a virtual meeting with fellow leaders of the center-right ...

Read More »

Senegal votes in local elections seen as key test for president

  Bloomberg Senegal holds municipal elections that will serve as a gauge of support for President Macky Sall and his ruling coalition. The Benno Bokk Yakaar coalition, which comprises Sall’s Alliance for the Republic, the Socialist Party and the Alliance of Forces for Progress, currently holds most of the 552 municipal seats and 125 of the 160 seats in parliament. ...

Read More »

‘Lethal’ US military aid begins arriving in Ukraine

  Bloomberg US military aid to help Ukraine defend against a possible invasion by Russia began arriving, according to the American Embassy in Kyiv. The embassy, in a Twitter post, said the material “includes close to 200,000 pounds of lethal aid, including ammunition for the front line defenders of Ukraine.” “The shipment – and $2.7 billion USD since 2014 – ...

Read More »

Sleepy truckers get forgotten in supply crisis choking economy

  Bloomberg President Joe Biden’s sweeping infrastructure law was supposed to ease problems for the trucking industry and relieve supply chain woes, but the law overlooked a vital necessity for truckers: Parking. Overcrowded truck stops force drivers to often spend hours scavenging for parking wherever they can find it, even in illegal and unsafe spots. The problem has simmered for ...

Read More »
Send this to a friend