Bloomberg Africa’s largest company just chalked up another major investment coup. Naspers Ltd. netted a cool $1.6 billion profit from the sale of its 11 percent stake in Indian e-commerce startup Flipkart, a deal almost as lucrative as its sale of Polish online auction site Allegro in 2016. The move helps to line the pockets of the media and technology …

Bloomberg PT Garuda Indonesia, the country’s flag carrier, has cancelled 14 flights to Yogyakarta after a volcano about 19 miles north of the city erupted and forced authorities to close the local airport. The airfield, 520 kilometres southeast of Jakarta on the island of Java, was closed at about 10:42 am on May 11 local time, and reopened at 2:17 …

Bloomberg JetBlue Airways Corp. has reached an initial agreement with its pilots union, marking the first such accord in the carrier’s history. The deal, announced by the Air Line Pilots Association and confirmed by JetBlue, will be reviewed by union leaders, who will make adjustments to the final contract language and decide whether to send it to members for a …