Bloomberg Warren Buffett’s Berkshire Hathaway Inc. trimmed its stake in BYD Co. even further, offloading another 1.72 million shares as of September 1, according to an exchange filing on Friday, just days after the legendary US investor began reducing his holding in China’s biggest maker of electric vehicles. Berkshire’s interest in BYD’s Hong Kong-listed shares has now fallen to …

  Bloomberg Stocks are set for a third straight week of declines ahead of key US jobs data that could stir expectations for another sharp Federal Reserve interest-rate hike. A dollar gauge slipped from a record high and the euro strengthened. US futures fluctuated on Friday, while European stocks rose and Asian shares fell. The jobs update is expected to …

  Bloomberg SpiceJet Ltd said it’s in talks with bankers to raise as much as $200 million in fresh capital after reporting a worse than expected quarterly loss, as the Indian airline looks to work a way out of financial distress. The carrier plans to also spin off its cargo business into a separate company, SpiceXpress, by the end of …

Bloomberg Deutsche Lufthansa AG will suspend almost its entire flight operations in Frankfurt and Munich on Friday because of a strike by pilots who are demanding higher pay, adding another day of major disruptions to what has already turned into a summer of travel chaos. In total, about 130,000 passengers will be affected as Lufthansa scraps 800 flights at its …

Bloomberg Woolworths Holdings Ltd. is preparing to battle the impact of soaring inflation in both its key markets, after increased sales and a growing cash pile allowed the South African retailer to raise the annual dividend higher than expected. While a jump in prices is a global risk, Woolworths said the company’s Australian department-store business “should be somewhat mitigated by …

Bloomberg As Europe grapples with a summer of travel chaos, the wealthiest are increasingly taking matters into their own hands. Private-jet use has surged by almost a third in recent months compared to pre-pandemic levels, stretching airport capacity from Ibiza to Mykonos and stoking a political backlash in France. London logged the most private flights — more than 12,000 in …

  Bloomberg Chewy Inc tumbled after the online seller of pet supplies cut its revenue outlook and said customer growth has slowed. Sales in the current fiscal year will total no more than $10 billion as customer pull back on discretionary goods such as toys and treats, Chewy said in a letter to shareholders. That’s down from a previous forecast …

Bloomberg Russia is considering a plan to buy as much as $70 billion in yuan and other “friendly” currencies this year to slow the ruble’s surge, before shifting to a longer-term strategy of selling its holdings of the Chinese currency to fund investment. The offshore yuan briefly extended gains against the dollar after the news, rallying to a session high. …

  Bloomberg The yen declined to its lowest since 1998, prompting warnings from Japanese government officials, as the yield gap between the US and Japan widened to heap more pressure on the currency. It falls as much as 0.5% to 139.68 per dollar in Thursday trading — a hair’s breadth from the key psychological level of 140, before paring the …

  Bloomberg China’s biggest banks, including Industrial & Commercial Bank of China Ltd., reported slowing earnings growth and eroding margins after being enlisted by Beijing to help stave off a deeper slump in the world’s second-biggest economy. ICBC, the world’s biggest bank by assets, reported net income grew 4.9%, the slowest in two years, in the first half of the …