Bloomberg China’s official Xinhua News Agency confirmed on Monday that Sun Zhengcai, the former Communist Party chief of Chongqing city, is under investigation for serious disciplinary violations. The brief announcement followed news reports a little over a week ago that Sun, 53, was being probed. As the youngest member of the party’s 25-member Politburo, Sun was considered a rising star …

Bloomberg Ryanair Holdings Plc predicted that ticket prices will decline through the rest of the year as Europe’s biggest discount carrier competes to lure more customers amid excess capacity. The shares fell the most in four months. The Dublin-based airline said fares will slide 8 percent in the six months through March, accelerating from a 5 percent drop in the …

Bloomberg Air France-KLM Group will start flights this autumn of its Joon reduced-fare brand that will target millennial customers as Europe’s biggest carrier seeks to fend off growing competition from discounters such as Norwegian Air Shuttle ASA. Joon, previously code-named Boost, will initially offer medium-haul services from the airline’s Paris-Charles de Gaulle airport base and begin long-haul routes in mid-2018, …