Bloomberg Walmart Inc’s 1999 acquisition of Asda looked set to disrupt the UK supermarket business, with the US retailer using its deep pockets to shake up entrenched players like Tesco Plc and J Sainsbury Plc. The purchase never quite lived up to the hype. Asda struggled to defend its market share against bigger rivals and the German discounters Aldi and ...

Bloomberg Airbus SE is under pressure to carry out its job-cutting plan as the prospects for the aviation industry deteriorate, Chief Operating Officer Michael Schoellhorn said in an interview with Handelsblatt. The planemaker’s plan to eliminate 15,000 positions is “the minimum of what we have to do,” Schoellhorn said, adding that the company currently has no plans to expand the ...

Bloomberg Ethiopian Airlines Group is willing to provide planes, pilots and maintenance services to beleaguered rival South African Airways as part of a joint venture with that country’s government. Africa’s biggest airline is offering operational assistance, Ethiopian CEO Tewolde GebreMariam said in an interview in Addis Ababa. The carrier isn’t interested in helping with debt repayments or the cost of ...