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Air Berlin quarterly loss quadruples to $69.9mn on move to all-leased fleet

  Bloomberg Air Berlin Plc, the German airline that’s 29 percent-owned by Etihad Airways PJSC, said its second-quarter loss widened as costs increased as the carrier switched to an all-leased fleet and the euro declined against the dollar. The loss before interest and taxes almost quadrupled to 62.7 million euros ($69.9 million) from 15.9 million euros a year earlier, Germany’s ...

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India to clarify Apple’s path to opening own retail stores

  Bloomberg India’s finance minister has approved a proposal that clarifies how Apple Inc. could open stores in the fast-growing economy without initially having to source components locally, people familiar with the matter said. Arun Jaitley ratified a proposal that gives the information technology ministry the power to label a retailer of a single brand as a provider of cutting-edge ...

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Tesla opens flagship San Francisco store

  Bloomberg Tesla Motors Inc. marked the opening of its largest North American sales, service and delivery center in San Francisco, a key market from which Elon Musk’s electric-car maker will introduce its all-important Model 3 sedan late next year. Though Tesla is based in nearby Palo Alto, the 65,000-square-foot (6,039-square-meter) San Francisco center is the company’s first in the ...

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