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EU wants global bank regulator to soften capital standards

  Bloomberg The European Union is raising the pressure on global banking regulators to ease proposed capital rules in an effort to protect lenders and the economy from major new costs. The European Parliament will add its voice next week to a chorus of resistance from EU regulators and policy makers including German Finance Minister Wolfgang Schaeuble. Lawmakers plan a ...

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US airlines introduce ‘premium economy’ for passengers

  Bloomberg As space in economy class becomes ever more constrained, airlines have devised a more spacious cabin product for passengers priced out of business class but determined to escape the indignities of steerage. Called “premium economy,” this section of added frills between coach and business aims to address a widening gap that has emerged between those cabins—and to extract ...

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Farfetch plans IPO as early as 2017

  Bloomberg Luxury fashion startup Farfetch is meeting advisers about an initial public offering in New York as early as the end of next year, according to people familiar with the matter. Farfetch will appoint advisers in the coming months, the people said, asking not to be named as the details aren’t public. No final decisions have been made, and ...

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