Minaya / AFP On the arid, wind-swept plateau of central Spain, saffron producers are reaping the benefits of a return to favour of the precious spice introduced by Arabs in the Middle Ages. After a lull in production due to the high cost of growing saffron in Spain, farmers are now back in business as customers have started seeking ...

  Bloomberg Jet Airways India Ltd., the carrier part-owned by Etihad Airways PJSC, is seeking to raise about $300 million to fund expansion on international routes, people with knowledge of the matter said. Jet Airways, India’s second-largest airline by passengers, has started talks on a potential equity fundraising from investors other than Etihad, the people said, asking not to be ...

  Bloomberg Airlines in China need to hire 5,550 pilots a year for the next two decades as new plane orders and demand for air travel surges, according to Boeing Co. With the nation on course to eclipse North America as the world’s largest travel market, China will need 111,000 new aviators through 2035, Boeing said in a forecast released ...

  Bloomberg Airbus Group SE may deliver 16 A350 wide-body planes in December, or four times the monthly average so far this quarter, if the European planemaker is to meet its goal of 50 handovers for 2016 after bottlenecks at key suppliers disrupted production. Airbus dispatched four A350s in November, the same as in October, with Qatar Airways Ltd., Cathay ...

  Bloomberg When Berkshire Hathaway Inc. Vice Chairman Charles Munger lamented the mistakes made in the company’s first 50 years under Warren Buffett, he cited the failure to buy Wal-Mart Stores Inc. stock early enough in the retailer’s history. Judging by recent events, Buffett doesn’t think Wal-Mart is such a great idea for his company’s next half-century. Berkshire said last ...

Bloomberg After half a decade of negative interest rates, Denmark’s economy is headed for an economic “boom” and risks running out of the labor resources needed to support sustainable growth, the central bank said on Wednesday. “The Danish economy is in a solid upswing, and as the signs of labor shortage are becoming still clearer, the structural government budget should ...

  Bloomberg Tesla Motors Inc. said it’s voluntarily recalling about 7,000 adapters for electric-vehicle charging after two reports of overheating that resulted in melted plastic on the plugs. The rarely used item is sold through the company’s online store. Two customers reported overheating in November, according to an e-mail the company sent to customers. No damage besides the melted plastic ...

  Bloomberg The US trade deficit widened to a four-month high in October as overseas sales weakened and American companies imported more equipment and consumer goods. The gap grew to $42.6 billion from the prior month’s revised $36.2 billion, Commerce Department figures showed. The 17.8 percent increase from September was the largest since March 2015. The Bloomberg survey median called ...

  TOKYO / AP Global stock markets rose on Wednesday amid optimism about the telecommunications industry and as investors expect more central bank stimulus in the eurozone. KEEPING SCORE: France’s CAC 40 added 0.9 percent to 4,671 while Germany’s DAX was up 1.5 percent at 10,935. Britain’s FTSE 100 rose 1.5 percent to 6,884. U.S. shares were set to drift ...

  Reuters Stock markets in the United Arab Emirates outperformed the region on Wednesday while investors booked profits in Saudi Arabian petrochemical shares and Egyptian blue chips. Dubai’s main index closed 1.3 percent higher in healthy volume as some large and mid-sized shares, which had been relatively quiet so far this week, gained. Emaar Properties rose 2.4 percent. A Dubai-based ...