Bloomberg Business

Ocado Plunges on Weak Outlook for Marks & Spencer Venture

Ocado Group Plc shares plunged after the UK online grocery company said its venture with Marks & Spencer Group Plc is struggling to make a profit this year as shoppers pull back amid the worst inflation on record.

Top Japan Diplomat Set to Skip G-20 Talks Hosted by India

Japanese Foreign Minister Yoshimasa Hayashi is unlikely to go to a meeting of G-20 foreign ministers in India from Wednesday due to a parliamentary committee meeting he is expected to attend, according to a government official.

Apple Suppliers Are Racing to Exit China, AirPods Maker Says

Apple Inc.’s Chinese suppliers are likely to move capacity out of the country far faster than many observers anticipate to pre-empt fallout from escalating Beijing-Washington tensions, according to one of the US company’s most important partners.

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