Bloomberg Even as global consumer brands grow more dependent on Asia for sales of everything from fancy handbags to baby formula, European retailers keep retreating from the world’s fastest-growing markets. The UK’s Tesco Plc, which said this month that it’s weighing a sale of its Thailand and Malaysia operations, is just the latest. Earlier this year, Germany’s Metro AG and ...

Bloomberg An American Airlines Group Inc. mechanic pleaded guilty to attempted destruction of an aircraft for tampering with a critical flight-monitoring device on a jet in Miami. Abdul-Majeed Marouf Ahmed Alani, 60, entered the plea in federal court in Miami to a single count, the US Attorney for the Southern District of Florida said in a statement. Alani told investigators ...

Bloomberg Boeing Co.’s incoming boss David Calhoun faces a daunting task when he takes over as chief executive officer next year: rescuing the 737 Max while mending the company’s fractured relationship with US regulators. But that’s just the first of the hurdles awaiting him. Calhoun, who takes the reins January 13, will be leading a once-proud company whose reputation for ...