Reuters Egypt’s stock market surged on Tuesday after the central bank removed caps on deposits and withdrawals of foreign currency for importers, scrapping one of the last currency controls in place since 2011. The blue-chip index registered its biggest daily jump since March as it rose 2.2 percent to a record closing high of 14,537 points, passing its previous peak ...

Bloomberg Airbus SE appointed Rolls-Royce Holdings Plc’s Eric Schulz as sales chief, plucking a top executive from one of its most important partners to replace John Leahy, who racked up more than $1.7 trillion dollars in jetliner deals over 23 years. Schulz, 54, the head of civil aerospace at the UK engine maker, will join Airbus as an executive vice ...

Bloomberg British Airways owner IAG SA chose Paris as a second base for its discount airline Level, which will offer transatlantic flights to destinations like New York and the Caribbean as carriers compete to lower prices on longer routes. CEO Willie Walsh unveiled the plan in the French capital, which won out over Rome for the designation. Level plans to ...