Bloomberg The chief executive officer of Banco de Sabadell SA’s British unit is leaving as the lender continues to struggle with the meltdown of its IT system earlier this year. Paul Pester will step down after seven years with the UK arm, known as TSB Banking Group. Richard Meddings, the current non-executive chairman of TSB, temporarily takes on an executive …

Bloomberg India may be the world’s fastest growing major aviation market, but it is difficult for airlines to make money as excessive taxes and poor infrastructure choke the industry, according to the International Air Transport Association. While jet fuel accounts for about 24 percent of a carrier’s average costs globally, it is 34 percent in India, making domestic airlines even …

Bloomberg Britons are planning to rein in their spending after splurging during the summer heatwave. With worries growing over rising prices and higher interest rates, a third of consumers say they intend to spend less, Barclaycard said in a report published on Tuesday. The warning comes after households made the most of the sweltering summer months, with the value of …