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Mohsin and Zuber Issa were looking like the cleverest men in retail. A little over a year ago, the billionaire brothers and buyout firm TDR Capital agreed to acquire a majority stake in Asda Group Ltd from Walmart Inc, in a deal valuing the British supermarket at 6.8 billion pounds ($9.4 billion). This summer they sold the grocer’s distribution centers ...

Amid all the scandals and controversy, Facebook Inc watchers were on pins and needles going into the company’s most hotly anticipated quarterly report in years. In the end, it fell a bit short. But with many expecting far worse, sometimes avoiding disaster is good enough. The social-media company posted third-quarter sales figures that slightly missed Wall Street’s expectations. Revenue in ...

It’s being called the Great Resignation. Quits are at their highest rate in 20 years and no one seems to understand why. One thing is for sure: the labour market has gone weird. People are leaving their jobs without having a new one lined up, pushing up unemployment rates even as wages rise and companies complain they can’t find enough ...

Bloomberg China pledged to help the Taliban “rebuild the country” while reiterating calls for the US to lift sanctions against the new leaders of Afghanistan as the economy worsens. Chinese Foreign Minister Wang Yi made the remarks to a Taliban delegation in Doha, Qatar, during the first high-level meeting between Beijing and the Taliban since it formed an interim government ...

It’s no wonder Boris Johnson is trying to manage expectations for the United Nations’ COP26 climate summit in Glasgow. There are risks in hosting the most important global confab the world has seen in a long time. Key guests may cancel, complain or renege on their promises. Sudden events could intervene. And these are just some of the headaches facing ...

Bloomberg Sudan’s military leader said the prime minister arrested was safe and staying with him at his home, as he looked to quell international criticism over the army’s seizure of power. Premier Abdalla Hamdok is being held for his own safety and will return home “today or tomorrow,” Abdel Fattah al-Burhan told reporters Tuesday in the capital. Khartoum. The detention ...

Bloomberg Myanmar didn’t show up at an annual summit of Southeast Asian countries after rejecting an invitation to send a non-political representative instead of its junta leader, a move that isolates its government internationally as it grapples with civil strife back home. The Association of the Southeast Asian Nations took a rare step earlier this month in excluding military leader ...

Bloomberg China’s darkening supply-chain clouds have brought a silver lining to some lesser-known Indian stocks, in particular those which stand to benefit from expanding global supplier lists as well as the nation’s efforts to create worldwide champions. Electronic-parts maker Dixon Technologies (India) Ltd has jumped more than 80% this year, partly driven by hopes that the Samsung Electronics Co supplier ...

Bloomberg HSBC Holdings Plc analysts upgraded their call on Chinese stocks to overweight, saying investors had become too bearish on a market that now offers value in real estate, industrials, healthcare and some banks. “We think the baby is being thrown out with the bathwater,” Herald van der Linde, the bank’s head of equity strategy for Asia Pacific and colleagues ...

ABU DHABI / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan has sent a message of congratulations to President of Uzbekistan, Shavkat Mirziyoyev on his re-election to the post. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...