Bloomberg Airbus SE blamed the European Union for the UK’s decision to quit the Galileo satellite-defense programme, after the country was denied a central role in the 10 billion-euro ($11 billion) project after Brexit. The move will deal a “serious blow to the EU’s common security and defense ambition,” Chief Executive Officer Tom Enders said in an Airbus Twitter post. ...

Bloomberg The turbulence in airline stocks is yet to ease as news of fresh production cuts and calming trade concerns sent oil prices surging. US airline shares have traded closely with fluctuations in oil prices over the past few months, especially after several carriers were forced to trim their profit outlook citing soaring jet fuel costs that pressured margins. When ...

Bloomberg The founder of yoga-apparel retailer Lululemon Athletica Inc. is close to joining the Chinese investor group pursuing a takeover of Amer Sports Oyj, owner of brands including Wilson tennis rackets, people familiar with the matter said. Canadian billionaire Chip Wilson is in talks to take around a 20 percent stake as part of the consortium led by Anta Sports ...