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Bloomberg Malaysia has asked the World Health Organisation (WHO) to retract a report that says the palm oil industry is deploying tactics similar to tobacco lobbyists to influence research into the health effects of its products. The report, published in the Bulletin of WHO, makes claims that “casts aspersions on the reputation of our scientists and researchers” and ignores findings ...

Bloomberg Luckin Coffee, the ambitious Chinese startup rolling out thousands of stores to take on Starbucks Corp., is beginning preparations for a US initial public offering (IPO) that could raise around $300 million, people with knowledge of the matter said. The company is working with Credit Suisse Group AG on the deal, which could take place as soon as the ...

Bloomberg The Trump administration proposed ending a complex system of drug rebates that influence tens of billions of dollars in US pharmaceutical spending, a mo-ve that could upend the relationship between drugmakers and pharmacy benefits middlemen. The proposal, a long-awaited part of the administration’s plan to target high list prices of drugs, would ban rebates paid by drugmakers to pharmacy ...

Bloomberg KKR & Co., Blackstone Group LP and Apollo Global Management LLC posted strong fundraising results in a volatile quarter. KKR hauled in $11.3 billion in the fourth quarter, while Blackstone and Apollo collected $38.6 billion and $21.6 billion, respectively, showing that the appetite for their longer-term strategies remains robust. Shares of KKR rose as much as 6.3 percent following ...

Bloomberg After a dismal December, dealmakers made a comeback in January, logging $275 billion of mergers and acquisitions globally to mark the best start to a year in almost two decades. “M&A came back even though the markets felt choppy, and that shows how confident CEOs are,” said Susie Scher, co-head of the global financing group at Goldman Sachs Group ...

Bloomberg Robert Bosch GmbH, the world’s largest auto-parts maker, is stocking up components in the UK LVMH is building up its inventory there. Channel tunnel operator Eurotunnel is expanding its parking lot for trucks in France. European firms that do a lot of business with the UK are preparing for the worst. Their frenzied activity reflects the growing likelihood that ...

The handmaiden of peace is exhaustion. We are seeing that lesson in Afghanistan and Yemen. Fragile peace agreements are emerging in both conflicts, thanks to skillful diplomats. There are a hundred reasons why each negotiation may fail. But a process has started: Zalmay Khalilzad, the US special envoy, said, “We have a draft of the [peace] framework that has to ...

Central bank watchers will readily agree that the policy meeting this week marked the formal end of the first attempt by Chair Jerome Powell’s Federal Reserve to lead markets rather than succumb to their will. What they are less likely to agree on are the major reasons for the shift, and it is the answer to this latter question that ...

Samsung Electronics company’s fourth-quarter earnings tell a tale of falling demand for technology products and components. Revenue dropped 10 percent – the most in almost four years – with operating profit down 29 percent, the worst decline since 2016. Chips were the major reason for the weakness, the South Korean company told investors. Fourth quarter earnings of the company were ...

The European Union’s governments are encouraging the European Commission to weaken its antitrust standards to promote “continental champions.” Europe, they say, needs larger companies to compete on an equal footing with US and Chinese giants. This idea is a mistake, and it rests on an economic fallacy. Big firms aren’t necessarily more efficient than smaller ones, especially when they’re big ...