Bloomberg The serial airline entrepreneur trying to launch Argentina’s first low-cost carrier is betting the government will deregulate the industry enough to make his venture viable. And if it doesn’t, he’s got a back-up plan. Julian Cook, 43, chief executive officer of Flybondi, said he’s been told by Tourism Minister Gustavo Santos that price floors for airlines will be …

  New York / AFP Ikea will pay $50 million to settle with the families of three small children in the US who were killed by dressers that tipped over, attorneys representing the families said. Attorneys from Feldman Shepherd announced the settlement after a two-day mediiation overseen by a federal magistrate judge. The three families will share the $50 million, …

  Washington / AFP British Airways (BA) cabin crew have suspended a two-day strike planned over Christmas, labour union Unite announced after securing a new deal with the airline. Almost 2,000 British Airways cabin crew, or more than one in seven, were due to walk out on Christmas Day and December 26 (Boxing Day) in a dispute over pay. Talks …