Bloomberg British Airways parent IAG SA abandoned an eight-month pursuit of Norwegian Air Shuttle ASA, leaving the indebted discount airline reeling as it faces a cash crunch during the slow winter season. IAG “does not intend” to make a further bid and will be selling a 3.9 percent stake in due course, it said. Norwegian slumped as much as 26 …

Bloomberg For the beleaguered Russian consumer, this month’s return to work after the New Year holiday came with an extra dose of pain, as a tax increase pushed up prices across a raft of everyday goods. Consumer confidence has fallen to the lowest level in two years, while research company Romir found that the average shopping bill shrunk for three …

Bloomberg Walmart Inc. has quietly withdrawn from one of Google’s marquee efforts to challenge Amazon.com Inc in e-commerce. Walmart removed its products from Google’s Shopping Actions service, the internet giant said. The retailer also recently dropped out of Google Express, a related delivery service. In March, Google unveiled Shopping Actions, which lets consumers more easily buy goods from retailers through …