Bloomberg Almost 200 airports run by 40 operators backed a pledge for net-zero carbon emissions at European hubs by 2050 as the aviation industry responds to pressure over its contribution to climate change. Airports Council International also called for the sector to develop additional measures to those set by the Carbon Offsetting and Reduction Scheme for International Aviation. CORSIA has ...

Bloomberg Steinhoff International Holdings NV is seeking more than 850 million rand ($59 million) from former Chief Executive Officer Markus Jooste for his role in the accounting crisis that triggered the global retailer’s near-collapse. The owner of Poundland in the UK and Pep stores throughout Africa is looking to claw back base salaries, bonuses and other incentives paid to Jooste ...

Bloomberg Hennes & Mauritz AB surged after the struggling Swedish clothing retailer showed progress coping with a buildup of unsold garments, raising hopes that the worst may be over after a three-year slump in earnings. Inventory dropped slightly as a proportion of sales, easing to 18.2 percent at the end of May from a record 18.9 percent as of last ...