Bloomberg Ryanair Holdings Plc cut its traffic outlook by 1 million passengers and said it will close two bases next summer as the grounding of Boeing Co.’s 737 Max jetliner further frustrates expansion plans. Europe’s biggest low-cost airline now expects to attract 156 million customers next fiscal year, based on it getting 10 Max aircraft for summer 2020, or half ...

Bloomberg South Africa’s two biggest mobile-phone companies have for years been under pressure to lower data prices for their poorest customers, and the country’s antitrust regulator is running out of patience. Vodacom Group Ltd. and MTN Group Ltd. must agree to reduce tariffs by a further 30% to 50% within two months or face sanctions for being too dominant, the ...

Bloomberg When Starbucks Corp. took its American playbook to China two decades ago, that included a controversial chapter: grow extra fast and cannibalise your own stores’ sales. After snagging enviable 5% growth in the key country in the latest quarter, the coffee giant warned again that its China comparable sales could rise as little as 1% this fiscal year. The ...

Bloomberg President Donald Trump signaled he would be willing to wait for another year before striking a trade agreement with China, casting doubt on the likelihood of a phase-one accord within weeks between Washington and Beijing. “I have no deadline,” he told reporters on Tuesday on London when asked if he wanted an agreement by year end. Stocks dropped in ...

Bloomberg The European Union (EU) is gearing up for the world’s most ambitious push against climate change with a radical overhaul of its economy. At a summit in Brussels next week, EU leaders will commit to cutting net greenhouse-gas emissions to zero by 2050, according to a draft of their joint statement for the December 12-13 meeting. To meet this ...

Bloomberg Opec+ is poised for a debate about lax implementation of oil-production cuts in Vienna this week, with Russia asking to discuss a rule change that would exclude some of its oil production from the group’s quota. Ministers from some of the world’s largest oil producers are gathering this week, and typically their discussions wouldn’t focus on a niche hydrocarbon ...

Iwould like to enumerate what I’m thankful for in technology. I know, it sure doesn’t feel like there are many things to feel good about. Tech tools have allowed misinformation, bullying and social division to spread like a virus. They have empowered tyrants and monsters, and created an underclass of impossible jobs. Some days I want to do a Road ...

Bloomberg Sky plans to build a major new studio in the UK, as the global streaming war forces media companies to secure more space for upcoming productions. Comcast Corp’s European pay-TV business will build 14 sound stages on a 32-acre (13-hectare) site north of London, the company said in a statement, without disclosing the cost. The development would be on ...

Bloomberg Move over, Instant Pots. Robot vacuums are also now at the top of the most-sought after items this holiday season, according to Kohl’s Corp Chief Executive Officer Michelle Gass. Their popularity was “a litttle bit more surprising,” Gass said in an interview. “We’re seeing a lot of demand this year for vacuums. There’s a lot of innovation, there’s a ...

Bloomberg Meet Yona. She loves reading Margaret Atwood and articles about teenage life and sings about loneliness and relationships on her newly released track. If this sounds a bit scripted, that’s because it is: Yona’s not human. Yona has been created by London-based company Auxuman and trained using artificial intelligence (AI), fed on music and literature, and learning from reactions ...