Bloomberg Deutsche Lufthansa AG’s plane-servicing business, the German airline’s most profitable unit, is more than quadrupling research and development spending to shore up its dwindling market share and fading margins. The Lufthansa Technik maintenance, repair and overhaul division is in the middle of a 200 million-euro (US$221 million), five-year R&D program that’s come up with products such as sharkskin-like fuselage ...

  Bloomberg The Bank of England may cut interest rates for the first time since 2009 next week to stabilise an economy in turmoil after Britons voted to leave the European Union, according to a majority of economists. Governor Mark Carney has said stimulus is likely to be needed soon and many economists expect the Monetary Policy Committee to act ...

  Bloomberg European Central Bank President Mario Draghi warned of potential legal steps after Slovenian police raided the country’s central bank in connection with a probe into a 2013 bank bailout. Nova Ljubljanska Banka dd and other state-owned lenders pushed Slovenia to the brink of an international bailout in 2013 before the government and the central bank spent 3.2 billion ...