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Zara owner Inditex posts $1.8billion profit in 6 months

  Bloomberg Inditex SA, the world’s biggest clothing retailer, reported earnings that beat analysts’ estimates as the company prioritized online expansion over store openings. First-half operating profit increased 8 percent to 1.61 billion euros ($1.8 billion) in the six months through July, Inditex said on Wednesday. Analysts expected 1.58 billion euros. Revenue rose 13 percent in the first weeks of ...

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‘Delta’s Korean Air pact could become joint venture’

  Bloomberg A flight-sharing partnership between Delta Air Lines Inc. and Korean Air Lines Co. could transform into a joint venture, the US carrier’s Chief Executive Officer Ed Bastian said. The code-share agreement between the two operators “could lead to deeper relationship” with the possibility of becoming a joint venture, Bastian said at an event in Atlanta, where Delta is ...

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Airbus gets US nod to deliver planes to Iran

  Bloomberg Airbus announced on Wednesday that the U.S. government has granted it a license to sell the first 17 airplanes involved in a landmark deal with Iran made possible by last year’s nuclear agreement. The announcement comes as Iranian leaders and U.S. officials are gathered this week in New York for the United Nations General Assembly and serves as ...

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