Bloomberg The ground staff of Air France-KLM’s Dutch arm cancelled their plan to strike work on Sunday at Amsterdam’s Schiphol Airport, one of Europe’s busiest travel hubs, after KLM indicated willingness to redress their grievances, FNV union said in a statement on its website. “KLM has until the end of next week to come to an agreement on the most ...

Bloomberg Walmart Inc’s new policy discouraging patrons from openly carrying guns will rely heavily on signage and won’t require employees to confront every person carrying a firearm, according to a person familiar with the matter. The nuanced approach is designed to let people who are armed go about their business in a Walmart store, as long as they’re not making ...

Bloomberg Lululemon Athletica Inc shares rose as much as 6.7 percent to a record high after again issuing a beat and raise quarterly report. “Lulu continued to show that it is in a league of its own,” Telsey Advisory’s Dana Telsey wrote. The retailer surprised the Street with a 500-basis point total comparable sales beat, even better than the 460-basis ...

Bloomberg Julio Gomez has flown the MD-80 for his entire 20-year career at American Airlines. But he can’t bring himself to make that final trip into the New Mexico desert. “I just cannot take that airplane to its grave,” Gomez, 52, said of the iconic jets’ retirement flights. “It’s just too heartbreaking.” The retirements mark the end of an era ...

Bloomberg Federal Reserve Chairman Jerome Powell pushed back against perceptions that the US economy was tilting into a recession, while leaving the door open to further interest-rate cuts to keep the country’s record economic expansion on track. Speaking in Zurich, Powell said consumer spending and support from monetary policy should help deliver economic growth between 2 percent and 2.5 percent ...

Bloomberg Ping An Insurance (Group) Co’s financial technology unit is considering an application for one of Singapore’s new digital banking licenses, according to a person familiar with the matter. OneConnect is looking to secure a wholesale license which would allow it to provide banking services to small and medium-sized businesses on the island, said the person, who requested anonymity because ...

Bloomberg Sugarfina Inc, the chain of luxury candy shops backed by some of the biggest names in banking and entertainment, filed for Chapter 11 bankruptcy protection as mall-based stores struggle to compete. Posh candies like Champagne gummy bears for $8.50 and bourbon-and-toffee chocolate bars at $9.50 are part of Sugarfina’s lineup. The company listed assets and liabilities of up to ...

Bloomberg The slide in Indian bonds last month on concern about potential monetary stimulus has one bond veteran smelling an opportunity. The government’s scope to deliver a big package to revive the economy is limited despite the $24 billion windfall from the central bank, while the prospect of additional interest-rate cuts will drive yields lower, Neeraj Gambhir, president and head ...

Bloomberg Half of Britons say that the UK’s departure from the European Union has pushed up their expectations for price growth, a Bank of England (BOE) survey showed. Inflation expectations for the coming year stood at 3.3 percent in August, the BOE said, the highest since 2013 and up from 3.1 percent in May. Consumers are slightly more optimistic about ...

Bloomberg A prolonged shadow-banking crisis and hurdles in bankruptcy rules are set to keep India atop the world’s worst bad-debt pile, even as Italy, which held the title previously, quickens the clean-up of its lenders. Moody’s Investors Service to Credit Suisse Group AG warned that more loans may sour in the Asian nation’s banking system. More than 2.4 percent of ...