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Steinhoff ex-CEO fined for insider deals

Bloomberg Steinhoff International Holdings NV former Chief Executive Officer Markus Jooste has been fined more than 162 million rand ($9.9 million) by a South African regulator for insider trading ahead of the retailer’s near collapse almost three years ago. Jooste sent a text message to four people warning them to sell their stock in the company in the days before ...

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India’s IndiGo to cut its fleet size over two years

Bloomberg IndiGo will trim its fleet size over the next two years as the coronavirus pandemic continues to weigh on Asia’s biggest budget airline by market value and other carriers around the world. “Fleet count will be stagnant, go down a little,” CEO Ronojoy Dutta told analysts during a conference call. “In 2022, we will be down slightly, by 2023, ...

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Trump, Biden close final race with sprint to election day

Bloomberg The final stretch of the race for the White House between Donald Trump and Joe Biden has been fraught with dramatic twists — a hospitalised president, a resurgent pandemic, the death of an iconic Supreme Court justice, and the rapid confirmation of her successor. Yet none of it appears to have altered the course of the race that was ...

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