Emirates Business The Philippines’ largest carrier celebrates Philippine Independence Day by giving all passengers the freedom to bring more gifts and ‘pasalubong’ for their loved-ones as Cebu Pacific offers a total baggage allowance that exceeds a typical ‘balikbayan box.’ CEB extends its promo granting its valued guests additional baggage allowance free-of-charge. Until November 30 this year all passengers originating from …

Bloomberg A decades-long supermarket battle in Europe is moving to the US, adding to the competitive pressure in an industry embroiled in a deflation-fueled price war. Aldi, known for low prices on its private-label items, plans to spend $3.4 billion over the next five years to open 900 supermarkets, the company said on Monday. The investment comes as its European …

Bloomberg Crude markets are taking oil optimists by surprise yet again. Hedge funds boosted bets on a rally just before West Texas Intermediate prices tanked from a report showing surging American stockpiles. Wagers rose 7.3 percent to the highest since April in the week through June 6, US Commodity Futures Trading Commission data show. The next day, futures fell the …