Bloomberg Abu Dhabi-based Etihad Airways withdrew its financial support to German carrier Air Berlin Plc, which has filed for insolvency on Tuesday. In an official statement, Etihad Airways said that this latest development is “extremely disappointing for all parties,” especially as the state-owned airline “has provided extensive support to Air Berlin for its previous liquidity challenges and restructuring efforts over ...

Bloomberg A common complaint heard on the streets of Reykjavik—apart from the weather—is about prices. A standard burger will set you back as much as $20, while branded sneakers cost double what they sell for in the US. That’s about to change. Nearly eight years after McDonald’s pulled out of Iceland due to spiraling costs, international retail giants are now ...

Bloomberg US retail sales advanced in July by the most this year, with widespread gains from department stores to building materials outlets that signal a robust start to consumer spending in the third quarter, according to Commerce Department figures released Tuesday. Overall sales climbed 0.6% (est. 0.3% gain) after 0.3% advance in prior month. Sales excluding autos and gasoline rose ...