The US is expected to send ground-launched small-diameter bombs that would double Ukraine’s current strike range as part of a nearly $2.2bn aid package to be announced on Friday, according to people familiar with the matter.The smart bombs have a range of 94 miles and…

Paul Smith said it was pulling out of Russia almost a year after most western brands stopped trading in the country following the invasion of Ukraine. The British luxury fashion house came under intense scrutiny last week after it emerged that its products were still…

Spotify has a podcast problem. At the height of the boom in podcasts, it appeared the company had found a big shiny object to dazzle Wall Street with. In 2019, founder Daniel Ek declared that audio — not just music — was the future of…

If this year’s rally in European equity prices implies optimism about the region’s economy, Christian Sewing was having none of it. Deutsche Bank’s chief executive unveiled annual profits of €5.6bn on Thursday, its highest in more than a decade. But Sewing instead grumbled about the…

JD Sports said it would invest up to £3bn to open as many as 1,750 stores worldwide under plans unveiled by its new chief executive. Régis Schultz, who took the helm last year, told investors he wanted to turn the £8.8bn company into a “global…

Traders calling in sick with Covid-19 in Beijing had depressed trading volumes when China first reopened its economy in December. A recovery in local economic activities — and traders’ health — has boosted local stocks this month. Regulators want to turbocharge that rebound in the local…