Bloomberg The Bank of England (BOE) is set to keep interest rates unchanged next week as the government flounders over its exit from the European Union. All but one of 60 economists in a Bloomberg survey predict the Monetary Policy Committee will maintain the benchmark at 0.75 percent when the decision of its nine members is announced. A unanimous vote ...

Bloomberg HNA Group Co. held preliminary talks to sell its core airline assets to one of China’s top state-run carriers, people familiar with the matter said, a sign little has been off the table as the sprawling conglomerate seeks to pay down its hefty debt load. The talks, which haven’t been previously reported, started late last year, the people said, ...

Bloomberg One year after Ryanair Holdings Plc Chief Executive Officer Michael O’Leary shocked the airline industry with his decision to finally recognise trade unions, the two sides can’t agree on how much progress has been made in their talks. The Irish budget carrier’s CEO has opened talks with employees in all major markets. That’s led to collective labour agreements with ...

Bloomberg Grupo Aeromexico SAB is investigating whether a drone slammed into a Boeing Co. 737 jetliner as the aircraft approached its destination in Tijuana, Mexico, on the US border. Images on local media showed considerable damage to the nose of the 737-800, which was operating as Flight 773 from Guadalajara. In a cabin recording, crew members can be heard saying ...

Bloomberg LVMH is betting $2.6 billion that consumers who spend $1,000 on a Louis Vuitton bag will splash out for a $2,000-a-night hotel on Italy’s Amalfi Coast. The French luxury giant agreed to buy Belmond Ltd., owner of New York’s ‘21’ Club and high-end resorts around the world. The transaction is LVMH’s largest since taking full control of Christian Dior ...

Bloomberg A majority of the UK cabinet considers Prime Minister Theresa May’s Brexit deal to be dead and three factions are discussing other options, including a second referendum, The Times reported. The rival groups plan to make opposing demands to May at a meeting next week, the newspaper said, without saying how it got the information. One group — Works ...

Bloomberg The government of Nigeria is suing Royal Dutch Shell Plc, Eni SpA and other companies for more than $1 billion over a 2011 oil deal it says was tainted by corruption. The suit, filed in London, alleges that money the companies paid to acquire an oil exploration license in the Gulf of Guinea was diverted to bribes and kickbacks, ...

Bloomberg China’s home-price gains slowed in November in a further sign the nation’s property market is cooling. New-home prices rose an average 0.98 percent from October when they increased 1.02 percent in the 70 cities tracked by the government, according to Bloomberg calculations based on data released by the National Bureau of Statistics. November’s result snapped five straight months of ...

Bloomberg The Brexit battering of the UK housing market has no end in sight. An index of prices by the Royal Institution of Chartered Surveyors slipped in November to the weakest level since 2012, while the outlook for pricing and sales for the next three month slumped. The persistent uncertainty around Britain’s impending exit from the European Union was the ...

Bloomberg An unusual consensus emerged recently between artificial intelligence researchers, activists, lawmakers and many of the largest technology companies: Facial recognition software breeds bias, risks fuelling mass surveillance and should be regulated. Deciding on effective controls and acting on them will be a lot harder. The Algorithmic Justice League and the Center of Privacy & Technology at Georgetown University Law ...