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VTB quarterly net jumps six fold

  Bloomberg VTB Group, Russia’s second-biggest bank, boosted profit more than sixfold in the second quarter as the financial industry began to recover from a crisis. Net income increased to 16 billion rubles ($250 million) from 2.5 billion rubles a year earlier, the lender said in a statement on its website on Tuesday.Banking industry profits in Russia are heading back ...

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World’s ‘largest aircraft’ gets off ground

  AP A blimp-shaped, helium-filled airship considered the world’s largest aircraft flew for the first time with a short but historic jaunt over an airfield in central England. Engines roaring, the 302-foot (92-meter) Airlander 10 rose slowly into the air from Cardington airfield, 45 miles (73 kilometers) north of London. A hybrid of blimp, helicopter and airplane, it can stay ...

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Nestle posts sluggish first half profits

  Bloomberg Nestle, the world’s largest food company, on Thursday reported a 9.1 percent fall in profits through the first six months of 2016, but said its sluggish performance should be reversed in a strong second half. The firm posted 4.1 billion Swiss francs ($4.3 billion, 3.9 billion euros) in profits through the first half of the year, a step ...

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