Bloomberg Just days after taking the top job at Air France-KLM, Chief Executive Officer Ben Smith is learning the hard way about the difficulties of running a French state-backed business. Economy Minister Bruno Le Maire publicly took the Canadian to task for being quoted in the Financial Times as saying that the government was prepared to sell its 14 percent ...

Bloomberg Delta Air Lines Inc. blamed a “physical device issue” for a systems failure that forced the carrier to briefly ground all domestic flights earlier this week. Chief Executive Officer Ed Bastian provided few details about the cause of the disruption. Speaking at the Skift Global Forum in New York, he referred to the September 25 problem as “a hiccup” ...

Bloomberg JetBlue Airways Corp. will offer its own version of a basic economy fare, saying its “success is at risk” if it doesn’t match the discounted, no-extras tickets being sold by larger rivals. The change will be part of a broader shakeup of JetBlue’s fare system that will debut next year, President Joanna Geraghty told airline employees in a message. ...

NEW YORK / WAM In the presence of His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, the UAE Ministry of Defence and the General Women’s Union – under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme ...

Bloomberg Southeast Asia’s been home to almost half of the biggest growth drivers in the past half-century. To keep investors interested, it’ll have to make the right moves across technology, education and infrastructure, according to Diaan-Yi Lin, a senior partner at McKinsey & Co. Among 71 developing economies of the past half-century, 18 are responsible for the lion’s share of ...

Bloomberg Pakistan raised its key rate to the highest in three years, making it Asia’s most aggressive interest-rate hiker this year as the country’s finances continue to dwindle. The target policy rate was raised for the third straight meeting to 8.5 percent from 7.5 percent, the State Bank of Pakistan said in a statement on Saturday. The move was predicted ...

Bloomberg Enbridge Inc. plans to overhaul its system of awarding space on the biggest pipeline carrying Canadian oil to US refiners. Canada’s largest pipeline operator wants to contract 90 percent of the capacity on its 2.85 million-barrel-a-day mainline system by signing long-term deals with potential shippers in an open season early next year, according to people familiar with the matter. ...

Bloomberg Talks between a Nigerian oil labour union and Chevron Corp. over the US energy giant’s plan to fire thousands of workers ended on September 28 with the prospect of a resolution in sight, the union said. Discussions between the union, Chevron and the Nigeria’s Ministry of Labour and Employment “ended in a cordial way as of yesterday,” Fortune Obi, ...

Bloomberg Brazil’s state-run energy explorer Petrobras will pay $853.2 million to settle claims by authorities in its home country and the US stemming from allegations that its executives facilitated bribes to politicians and then concealed those payments from investors in one of South America’s biggest corruption scandals. The bulk of the penalties — more than $682 million — will go ...

Bloomberg Here we go again. For at least the eighth time in two decades, General Motors Co. has a new brand chief vowing to reboot Cadillac, the once-storied luxury name that has been losing market share and prestige for years. GM promises a $12 billion parade of new models, with the perhaps most significant being a smaller, cheaper sport utility ...