Bloomberg Competition just got even tougher for Air France-KLM as yet another low-cost operator offers cheap transatlantic flights from Paris, while the Franco-Dutch carrier struggles with a top management void and labour strife. British Airways parent IAG SA started discount links between the French capital and Montreal on Monday through its low-cost arm Level, taking direct aim at Air France-KLM …

Bloomberg Trax, a Singapore-based startup serving the retail industry, raised $125 million in a funding round led by Boyu Capital as it advances plans for an initial public offering. The IPO could take place in the next 18 to 24 months and the company is already in talks with both the Nasdaq and New York Stock Exchange, CEO Joel Bar-El …

PUNTLAND / WAM Teams from the Khalifa bin Zayed Al Nahyan Foundation have begun the distribution of emergency relief assistance to Somali families in villages in Puntland State, northeastern Somalia, as part of phase two of a campaign launched to assist those ravaged by drought in the region. 900 tonnes of food aid is being delivered to help recipients endure …