Bloomberg A Salesforce Inc cybersecurity executive has left the company, another shake-up in the top ranks of the software maker that is struggling with slowing revenue growth. The company announced internally in late November that Mark Carter, executive vice president of security, would depart. Carter’s exit from Salesforce’s security division hasn’t been publicly reported. He held leadership roles at Amazon.com …

  Bloomberg The merger of Tata Group’s joint venture with Singapore Airlines Ltd into Air India Ltd should help consolidate the aviation sector in the South Asian nation and provide fresh growth opportunities for the flag carrier after years of mismanagement and losses. “India needs a high-quality, dependable long haul and ultra-long haul airline to meet the country’s air connectivity …

Bloomberg Renault SA and Airbus SE are partnering to advance battery technology for next-generation cars and planes. Engineering teams from the companies will jointly research and develop solutions on energy storage, one of the roadblocks to longer-range electric vehicles, Renault and Airbus said. The partnership also will help Airbus develop tech linked to hybrid-electric aircraft. The pact reflects companies’ efforts …

Bloomberg Italy’s new government is reviewing options for retaining oversight of ITA Airways, in a strategic volte-face that risks becoming a major stumbling block for potential suitors like Deutsche Lufthansa AG. Options under review by Prime Minister Giorgia Meloni’s government include seeking special powers to influence or veto governance or strategy of ITA following the sale of a stake to …

Bloomberg US lawmakers are discussing a compromise measure that would allow Boeing Co to certify its final two 737 Max models without an expensive redesign while also adding new safety requirements. Talks involving Senate and House lawmakers ramped up dramatically after the Thanksgiving holiday, and Senator Maria Cantwell of Washington, the Democratic chairwoman of the Commerce Committee, has floated a …

Bloomberg A record 196.7 million American consumers flocked to stores and e-commerce websites over the Thanksgiving holiday weekend in search of deals, according to data from the National Retail Federation (NRF). Retailers discounted generously on Black Friday and Cyber Monday this year in an effort to clear excess inventory and lure consumers who are increasingly strained by inflation. Those efforts …

  Bloomberg Air travel in the US has broadly recovered from the depths of the pandemic, but passenger counts from the busy Thanksgiving period show it still has a way to go before returning to 2019’s record levels. Almost 24.6 million people went through Transportation Security Administration (TSA) screening from November 18 through November 28, according to agency data, down …

  Bloomberg Energy grid companies in the UK will have £22.2 billion ($26.6 billion) to spend on beefing up local networks as the nation’s green shift requires increasing electrification. While a huge sum, it’s 12% less than the six main network companies had proposed. The budget will cover everything from service and maintenance to upgrades on 14 local grids for …

  Bloomberg Banks in the US and Europe with around $42 billion of buyout debt stuck on their balance sheets are making the most of their last chance to get rid of it this year. Stabilisation in the leveraged loan and high yield bond markets has led to an opening for deals — including for bonds and loans tied to …

Bloomberg The yuan extended gains, jumping to its strongest in nearly two weeks, as hopes over a relaxation of China’s Covid curbs stoked optimism about the country’s economy and fueled appetite for riskier assets. The currency surged as much as 1.1% to 7.0797 per dollar, as speculation over China reopening dominated market sentiment on Wednesday afternoon. The yuan has been …