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Bloomberg Shiseido Co is in advanced talks to sell its shampoo and affordable skincare business to CVC Capital Partners for 150 billion to 200 billion yen ($1.45 billion-$1.9 billion), as the Japanese cosmetics maker shifts its focus to premium beauty products, people with knowledge of the matter said. The board of Shiseido is preparing to vote on the divestment soon, ...

Bloomberg Online fashion retailers Boohoo Group Plc and Asos Plc are seeking to rescue ailing UK retail mainstay brands like Debenhams and Topshop. Boohoo said it’s buying the Debenhams brand for 55 million pounds ($75 million). Separately, Asos Plc said it’s in exclusive talks with administrators of Philip Green’s Arcadia Group Ltd to buy the UK retailer’s Topshop brand and ...

Bloomberg Foreign tourist arrivals into Thailand plunged to the lowest level in at least 12 years after the country closed its borders to contain the coronavirus outbreak, with a resurgence in infections now undermining efforts to reopen the industry. Tourist arrivals slumped to 6.7 million in 2020 from 39.9 million a year earlier, data from the Ministry of Tourism and ...

Bloomberg China’s decision to fly more than a dozen military aircraft, including strategic bombers, into the Taiwan Strait this weekend sends an early warning to President Joe Biden on one of the most volatile issues between Beijing and Washington. The sortie by eight Xian H-6K bombers and five other planes was the third-largest such incursion by People Liberation Army (PLA) ...

Bloomberg Indian and Chinese soldiers have clashed along their contested Himalayan border in the first outbreak of violence in seven months, even as senior military commanders from both sides met in an attempt resolve the ongoing standoff. Several soldiers from both sides were injured in the fresh outbreak of violence along the border that runs through the northeastern state of ...

Bloomberg An attack in Somalia’s Gedo region was by militia trained and armed by Kenya’s government, Somalia’s Information Ministry said amid deteriorating diplomatic relations between the neighbours. In recent months, the two nations have recalled envoys over varying disputes including Kenya’s decision to establish a consulate in the breakaway region known as Somaliland and the alleged auction by Somalia of ...

Bloomberg Russian authorities ratcheted up the threat of prosecution after tens of thousands of people took to the streets across the world’s largest country in support of jailed opposition leader Alexey Navalny. Police detained more than 3,500 people in 125 cities, including almost 1,500 in the capital Moscow, according to monitoring group OVD-Info, though most were released within hours. The ...

Bloomberg Italian Prime Minister Giuseppe Conte is sizing up his options ahead of a crucial Senate vote this week, including a resignation offer that would position him as the top candidate to lead a new government. The 56-year-old Conte is considering offering his resignation to President Sergio Mattarella, who oversees forming new governments, according to officials who asked not to ...

Bloomberg Portuguese President Marcelo Rebelo de Sousa won re-election to a second five-year term, a sign of political stability as the country tries to contain the pandemic. Rebelo de Sousa, 72, took 61% of vote with 99.9% of the country’s voting districts reporting, according to the government’s election website. Portuguese presidents have usually served two terms. In Portugal, the prime ...

Bloomberg European banks probably failed to live up to US peers’ record fourth-quarter profits as they set aside more money for troubled loans and missed out on the rally in equities trading. Ten of Europe’s biggest lenders probably set aside $15 billion for doubtful credit in the fourth quarter, taking the year’s total to $61.5 billion, the highest since 2012, ...