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Drop in airfare to accelerate: EasyJet

Bloomberg EasyJet Plc said a decline in ticket prices is accelerating amid a fare war prompted by overcapacity across the European airline industry. Britain’s biggest low-cost airline said on Tuesday that revenue per seat, a measure of fares, will drop by mid-to-high single digit percentage points in the fiscal second quarter through March, at constant currencies. That’s after a 4.2 ...

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Taco Bell plans to open 40 restaurants in Thailand

Bloomberg US fast-food chain Taco Bell Corp is planning a spiced-up expansion in Thailand as the company grows its global footprint. The firm expects to open 40 restaurants in Southeast Asia’s second-largest economy by 2023, Liz Williams, the president of its international division, said in an interview. The first is due to open in Bangkok on January 24 and flavors ...

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Shoprite slides as customers spending slows

Bloomberg Shoprite Holdings Ltd shares tumbled as an update from Africa’s biggest grocer highlighted the pressures customers face in core markets such as South Africa and Angola, along with the effect of weaker currencies in many countries across the continent. South African supermarket sales rose 2.6 percent in the six months through December, compared with gains of 7.8 percent in ...

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