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Garuda sees profit in 2018 on cost cuts after loss this year

Bloomberg PT Garuda Indonesia is targeting a return to profit next year after a loss in 2017 as the flag carrier works to reduce expenses and operations improve. The airline is predicting a profit of $75 million in the second half ending December but won’t be able to post a profit for the 12-month period following a larger loss in ...

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The real competition begins as Amazon’s HQ2 deadline arrives

Bloomberg The deadline to submit proposals for Amazon.com Inc.’s second headquarters, dubbed HQ2, has arrived, and about 100 cities are expected to compete for the project. Amazon’s preferences for HQ2, which will cost more than $5 billion and create 50,000 jobs over the next two decades, include a metropolitan area with a population of more than 1 million, access to ...

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Chocolate price may rise post Halloween

Bloomberg Chocolates are cheaper for Halloween, but prices are likely to rebound by Christmas thanks to rising demand for cocoa beans. A global surplus sent cocoa prices plunging for most of the past two years, which helped to temper retail chocolate costs. There are signs that the overhang is beginning to ebb as consumers eat away the excess. Grindings, a ...

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