Bloomberg UK retailer John Lewis Partnership Plc cut employee-owners’ annual bonus to the lowest level in more than half a century, underlining the depths of the crisis in the country’s shopping districts. The operator of department-store chain John Lewis and grocer Waitrose said it cut the bonus to reduce debt, maintain investment and retain cash as it wrestles with uncertainty ...

Emirates Business The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased 1.8% in January 2019, compared to the same period in 2018. This was the worst performance in the last three years. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 4.0% year-on-year in ...

Bloomberg A four-month-old Ethiopian Airlines Boeing plane en route to Kenya’s capital, Nairobi, crashed on Sunday, killing all 149 passengers and eight crew, the airline said in a statement. The crash is the second in five months involving a Max 8 after a Lion Air plane that had been delivered only 2 1/2 months earlier nose-dived into the Java Sea ...