Bloomberg British Airways owner IAG SA said a power outage that led to the cancellation of hundreds of flights last month probably cost it about 80 million pounds ($102 million) in lost revenue and the expense of accommodating, re-booking and compensating thousands of passengers. The figure is based on an initial assessment and London-based IAG will update the market on …

Bloomberg Rolls-Royce Holdings Plc is seeking ways to upgrade its engines for Airbus SE’s A380 as the planemaker attempts to win orders for the slow-selling superjumbo jet, the company’s biggest. “We are contemplating what we can do over and above with Airbus,” Eric Schulz, Rolls-Royce’s head of civil aviation, said in a Bloomberg TV interview. “As soon as we mature …

DUBAI / Emirates Business Middle East medium and smaller businesses will drive the region’s USD 12 billion business intelligence mar- ket, according to the ne- wly appointed channel head at digital transformation enabler SAP. While small- and medium-sized enterprises comprise the majority of Middle East enterprises, they lag in digital technology adoption. Among SMEs in the region, only 18 percent …