MUMBAI — Indian drug and medical services startup PharmEasy is in talks with investors to raise $200 million, but at a valuation that could be 15% or even 25% lower than last year’s $5.1 billion, two people with direct knowledge of deal talks told Reuters. Read More
Nancy Pelosi, the speaker of the U.S. House of Representatives, plans to visit Taiwan next month, amid tension with China, the Financial Times said https://on.ft.com/3B0jKgc on Tuesday, citing six people familiar with the matter. Read More
PARIS — Shares in debt-laden utility EDF rose 15% on Tuesday as they resumed trading after the French government unveiled a 9.7 billion euros ($9.85 billion) buyout offer that gives it full control over Europe’s biggest nuclear power operator. Read More
SHANGHAI/BEIJING — Several large Chinese cities including Shanghai are on alert due to new clusters of COVID-19 infections, rolling out repeated mass testing or extending lockdowns on millions of residents, with some measures triggering a public outcry. Read More
Industrial metal prices rose on Monday on Chinese regulators’ latest effort to avert a potential crisis in the country’s real estate market, which consumes vast amounts of metal. Read More
STOCKHOLM — H&M, the world’s second-biggest fashion retailer, said on Monday it had decided to wind down its business in Russia, joining a growing list of companies fully exiting the country. Read More
U.S. President Joe Biden on Saturday differed with Saudi Arabia on discussions at a bilateral summit about the 2018 murder of journalist Jamal Khashoggi, a key controversy between the two nations. Read More
KYIV — Russia is preparing for the next stage of its offensive in Ukraine, a Ukrainian military official said, after Moscow said its forces would step up military operations in “all operational areas.” Read More