Bloomberg Hennes & Mauritz AB Chairman Stefan Persson may be single-handedly propping up shares in the Swedish fashion retailer. In April alone, the billionaire acquired about 18.2 million shares in Stockholm-based H&M for $278 million, bringing the value of purchases since the beginning of last year to 13.4 billion kronor. The transactions mean that Persson and his family now hold …

Bloomberg Construction lights were so bright they were confusing to pilots who tried to land at night in July 2017 when a fatigued Air Canada crew almost struck four aircraft on the ground in San Francisco, according to preliminary reports. The National Transportation Safety Board (NTSB) released more than 500 pages of investigative reports, including a video recording of the …

Abu Dhabi / Emirates Business A total of 217 space sector start-ups and entrepreneurs received funding exceeding $2.5 billion throughout 2017, with 14 having been founded in the Middle East, audiences heard at the final day of the Global Aerospace Summit in Abu Dhabi. Of the 217, 121 are based in the US, according to Mark Boggett, Managing Director of …