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Only London – S’pore budget flight scrapped

Bloomberg The only budget flights between London and Singapore will end in January when Norwegian Air Shuttle ASA scraps the long-haul route little more than a year after it started. The last flight to London will leave Singapore on January 11, according to Norwegian’s customer booking line. The airline’s website shows no flights on the route beyond that month. The ...

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Hermes posts record H1 profitability on China boom

Bloomberg Hermes International reported record first-half profitability as the maker of $10,000-plus Birkin handbags benefited from brisk sales in China, a trend that shows no sign of easing off even as stock prices slump in the Asian nation. Recurring operating income amounted to 34.5 percent of sales, up 0.2 point, the Paris-based company said in a statement. Analysts predicted 34.4 ...

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Amazon business supply programme may reach $25bn

Bloomberg Schools, hospitals and governments have quickly embraced Amazon.com Inc. as a go-to source for supplies, propelling the company’s three-year-old business platform into a $10 billion annual enterprise. Its success may soon provide as much revenue as the Amazon Web Services cloud-computing division and its digital-advertising services. The e-commerce giant likely will keep expanding the business service internationally — currently ...

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