Bloomberg Tesco Plc faces an in-depth probe into its 3.7 billion-pound ($4.75 billion) bid for food wholesaler Booker Group Plc after regulators expressed concerns that the deal could leave shoppers worse off. The Competition and Markets Authority said that shoppers in more than 350 local areas could face worse terms when buying groceries where there is an overlap between Tesco ...

Bloomberg Air Zimbabwe is firing more than a third of its workforce to prevent the state-owned airline from going bankrupt. The airline has debts of about $330 million, Transport Minister Joram Gumbo said in June. The carrier was also banned from operating in the European Union in May on safety concerns even though it doesn’t currently fly there. As many ...

Bloomberg Prime Minister Narendra Modi’s cabinet has signed off on a plan to sell all or part of Air India Ltd, a debt-ridden, state-run carrier with the most unusual baggage. The airline’s balance sheet includes commercial space near London Heathrow, land in Tokyo, Hong Kong and Nairobi, all bought during the heydays when the airline commissioned paintings by Indian modern ...