BLOOMBERG Italy’s competition authority has opened a probe into Ryanair Holdings Plc’s market position in the country, further escalating tensions between the Irish budget carrier and Prime Minister Giorgia Meloni’s government. The authority is investigating Ryanair’s dominant positions in services for tourists, including car rentals and hotel bookings, which the watchdog alleges harm travel agencies and customers, according to a …

BLOOMBERG Delivery Hero SE confirmed that it’s in talks to sell part of its business in Southeast Asia, where growth has stagnated since Covid-19 lockdowns eased.  The company is in negotiations to sell the Foodpanda brand in Singapore, Malaysia, Philippines, Thailand, Cambodia, Myanmar and Laos, Berlin-based Delivery Hero said in a statement. The negotiations are at an early stage and …

BLOOMBERG Coty Inc raised its sales outlook for the current fiscal year, citing continued robust demand for higher-end fragrances. The maker of Burberry and Gucci fragrances now sees like-for-like sales growth of 8% to 10% in the fiscal year that started in July. That’s up from the 6% to 8% sales-growth forecast the company gave in August. Sales are expected …