BLoomberg Tesco Plc and J Sainsbury Plc, the United Kingdom’s biggest grocers, are cutting thousands of management positions as intense competition and wage increases heap more pressure on Britain’s beleaguered retailers. Sainsbury is cutting management roles across its convenience stores and supermarkets, the London-based retailer said. That followed an announcement from larger rival Tesco, which is scrapping 1,700 management jobs ...

Bloomberg China’s top three airlines saw their Hong Kong-listed shares surge last year, but there is still potential for more gains. China Southern Airlines Co., Air China Ltd. and China Eastern Airlines Corp. are trading at a discount to peers in the region and their valuations, by some metrics, are still off their peaks in the past five years. Analysts ...

Bloomberg India will witness about 10 foreign single-brand retailers starting operations after PM Narendra Modi removed the need for a federal approval, a senior minister said. The companies which have sought government permission to set up single-brand establishments include Fast Retailing Co., operator of Japanese casual-wear brand Uniqlo. It had submitted an application in November in 2017. Tesla Inc. is ...