BLOOMBERG American Airlines Group Inc Chairman Doug Parker, a longtime advocate for consolidation who oversaw a merger that made the carrier the world’s largest, plans to retire from the board, a little over a year after stepping down as chief executive officer. Greg Smith, a former Boeing Co chief financial officer who joined the airline’s board in January 2022, will …

BLOOMBERG Alibaba Group Holding Ltd is pushing aggressive cost-cutting to boost profit as growth in its domestic China market remains anemic, a conservative shift for a tech giant that once spent aggressively to dominate wide swaths of the economy. The online retailer reported net income rose a better-than-anticipated 69% to 46.8 billion yuan ($6.8 billion), but revenue rose just 2.1% …

BLOOMBERG Hong Kong’s goal to reclaim its spot as Asia’s premier financial hub is being tested by a scarcity of workers in the air industry that’s vital for reestablishing the city’s international links. The damage caused by years of closed borders is proving hard to undo. The number of workers employed at the Norman Foster-designed airport at the end of …