Bloomberg Travellers flying long-haul from Britain in private planes and the premium cabins of jetliners will foot the bill for freezing departure taxes in coach, Chancellor of the Exchequer Philip Hammond said. The UK Treasury will increase so-called air passenger duty for business- and first-class passengers by 16 pounds ($21) to 172 pounds, while lifting the fee for private journeys ...

Bloomberg Will this year’s Black Friday finally spark a sustained retail comeback? While the answer remains to be seen, the sellers of outerwear and gadgets such as Apple AirPods and the Sony Playstation VR have reason to be encouraged. Those were some of the hottest sellers so far during the Black Friday weekend, the traditional kickoff to the holiday season. ...

Bloomberg At the entrance of Bergdorf Goodman, one of the world’s glitziest department stores, the morning after Thanksgiving, a store associate puts a few Saint Laurent handbags on top a glass case. He pauses and looks at the dozen or so people gathered. “Up to 40 percent off,” he announces to the early birds. They gasp and start analysing the ...