Bloomberg Alitalia SpA started bankruptcy proceedings for the second time in a decade after workers rejected job cuts and concessions linked to a 2 billion-euro ($2.2 billion) recapitalization plan aimed at salvaging the cash-strapped Italian airline. Shareholders voted unanimously to file for special administration, the carrier said in a statement following a meeting on Tuesday. Under Italian law, the …

  Dubai / Emirates Business In recognition of its continued leadership in the Investment Banking space, Barclays has been crowned ‘Best Foreign Investment Bank’ in the Middle East by EMEA Finance, a leading banking and finance publication specialising in Europe, Middle East and Africa. The judging panel’s decision to name Barclays as ‘Best Foreign Investment Bank in the Middle East’ …

  Bloomberg Australia kept interest rates unchanged as faster inflation and signals of looming fiscal stimulus combine with an upswing in global growth. “Above-trend growth is expected in a number of advanced economies,” Reserve Bank of Australia Governor Philip Lowe said in a statement announcing the decision on Tuesday. “The improvement in the global economy has contributed to higher commodity …