Washington / Bloomberg Boeing Co. is finally open for business in Iran. The US government cleared the manufacturer to begin talking with approved Iranian carriers about their fleet needs, a first step toward entering the country’s resurgent aircraft market, Boeing said. The planemaker will still need a separate license to complete any commercial jetliner sales. Europe’s Airbus Group SE, which ...

Cape Town / Bloomberg South African furniture retailer JD Group Ltd. plans to close about 260 stores employing thousands of workers as it seeks to stabilize its finances. About 1,800 employees will be affected, according to the company, although a trade union put the figure at 4,110. The closings are key to securing the employment of JD Group’s remaining employees, ...

Pyongyang / Bloomberg Change is in the air in North Korea. After years of being ranked by Skytrax as the world’s worst airline, national carrier Air Koryo is undergoing a revolution, according to interviews with passengers and travel agents. New planes, new in-flight entertainment options, smart new uniforms for the cabin attendants, even business class. It’s all part of supreme ...