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Singapore Airlines to start selling sustainable aviation fuel credits

  Bloomberg Singapore Airlines Ltd will start selling sustainable aviation fuel credits in July, a move that will help travelers mitigate carbon footprints as businesses and governments work to reach net zero emissions by 2050. The city-state’s flag carrier plans to sell 1,000 SAF credits to travelers and freight forwarders, it said in a joint statement with the Civil Aviation ...

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Inditex’s profitability hits 10-year high on Zara price hikes

  Bloomberg Inditex SA reported its highest profitability in a decade as the Zara owner offset inflation through tight cost control and kept attracting shoppers even with higher prices. Operating income rose 82% in the three months through April, exceeding pre-pandemic levels, the company said. The gross margin reached a 10-year record. The stock rose as much as 4.8%. Inditex ...

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Marks & Spencer outgoing CEO gets $3.3m exit package

  Bloomberg Marks & Spencer Group Plc’s outgoing Chief Executive Officer Steve Rowe is set to receive a £2.6-million ($3.3 million) compensation package as he officially steps down from his role this summer. That includes a £1.6 million bonus because he will serve as adviser to the new leadership for a year, according to the annual report. Half of the ...

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