Bloomberg Air France-KLM Group said it will create a new long-haul unit to fend off Persian Gulf rivals, simplify short-haul operations and work more closely with staff as new Chief Executive Officer Jean-Marc Janaillac seeks to put his stamp on a company riven by internal strife as its market share ebbs. The group will establish a French arm parallel …

  Bloomberg Ryanair Holdings Plc’s plans for its first-ever flights from Frankfurt sparked a bitter response from Deutsche Lufthansa AG, which vowed to fight back against the surprise incursion at Germany’s biggest hub. While Ryanair will begin Frankfurt services with just two jets and four routes, Europe’s top discount airline sees potential for a bigger operation there, David O’Brien, its …

  Cairo / AFP Egypt floated the country’s pound on Thursday as part of a raft of reforms, after a dollar crunch and exorbitant black market trade threatened to grind some imports to a halt. The government of President Abdel Fattah El Sisi is rolling out an austerity programme and seeking billions in support from abroad in order to meet …