Bloomberg The head of the World Trade Organization (WTO) said the UK risks trade disruption in the event of a no-deal Brexit because it is “very unlikely” to have agreed tariffs and quotas with the other WTO members in time. “The moment that other countries begin to sense an opportunity to increase their market share or increase a quota here ...

Bloomberg Papa John’s International Inc. jumped after a report the struggling pizza chain has hired Bank of America Corp. and Lazard Ltd. to help find ways to stabilise its operations. The company, which saw sales sink last month after founder John Schnatter resigned as chairman over the use of a racial slur, rose as much as 5.5 percent following the ...

Bloomberg Home-rental providers Airbnb Inc. and HomeAway are suing New York City over a recently passed law that allows the collection of data on the websites’ hosts, claiming the ordinance violates users’ constitutional rights. Airbnb is hoping to avoid millions in losses when the law, designed to police short-term home rentals, takes effect this winter. The New York City legislation, ...

Bloomberg Nikon Corp. unveiled its first full-frame mirrorless cameras, seeking to make up lost ground against Sony Corp. in the professional photography market. The new Nikon Z7 and Z6 devices will feature new lenses and lens mount, and will be lighter than the current pro-grade cameras, the company said. The 440,000 yen ($4,000) Z7, which will have a 45.7 megapixel ...

Bloomberg Volkswagen AG mapped out details of its transformation from a mass manufacturer of cars to a provider of transportation services by unveiling a car-sharing service and promising digital acquisitions as part of a $4 billion push into next-generation automobiles. The plan will kick off in Berlin, where the manufacturer will put 2,000 all-electric vehicles on the road by the ...

Bloomberg The slide in Meitu Inc.’s shares makes for grim viewing. The company behind a photo-retouching app used by hundreds of millions tumbled 13 percent, the most in five months. That came after Meitu posted a first-half loss of $19 million and said it would “de-emphasize net profit generation” until it transformed into a social media platform. The shares fell ...

Bloomberg The next battleground for replacing fossil fuel-guzzling vehicles will be US interstate highways, where long-haul trucks keep the economy moving. Electric trucks are coming, and they’ll be cleaner and cheaper to operate than conventional models that burn diesel, according to Tesla Inc., which already has prototypes on the road. Diesel advocates say range and recharging will be bigger hurdles ...

Bloomberg Aimia Inc. soared after a group led by Air Canada agreed to buy its Aeroplan business for $345 million in cash, ending a takeover battle for one of Canada’s most popular loyalty programs. Air Canada and its banking partners sweetened their bid for Aeroplan, winning over Aimia’s board and an activist shareholder that was seeking a higher price. Air ...

Bloomberg Air China Ltd.’s parent is seeking private money for an air-cargo and logistics venture with planned total investment of $1.5 billion as part of Beijing’s mandate for state-owned firms to diversify their ownership. China National Aviation Holding Co., the state-owned controlling shareholder of Beijing-based Air China, is among companies looking for private partners under the nation’s so-called mixed-ownership reform, ...

Sharjah / Emirates Business Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC), has announced that it has signed an agreement with SAP — a global market leader in enterprise application software for a new cloud-based Human Resources system. The new system “SAP SuccessFactors” will provide Air Arabia with advanced capabilities across all HR functions. ...