Bloomberg Travellers from around the world faced more chaos after flooding at New York’s John F. Kennedy International Airport caused fresh flight delays and diversions amid operations already strained by a snowstorm and freezing temperatures. The meltdown, two days after the year’s first major snowstorm, left passengers to deal with long lines to rebook cancelled flights and to search through …

Bloomberg Chinese airline shares surged after the government gave airlines more freedom to set fares for domestic flights, easing state control over prices. China removed the caps on full fares and airlines can decide on prices for routes as long as they are served by at least five carriers, according to a joint statement by the Civil Aviation Administration of …

Bloomberg Mothercare Plc reported a sharp drop in UK sales over the holiday season, underlining the depths of the country’s retail crisis as store owners wrestle with higher costs and a shift to online shopping. Like-for-like sales in the UK declined 7.2 percent in the past 12 weeks, the childrenswear retailer said on Monday. Gross margins are also set to …