Bloomberg Air India Express, the low-cost unit of the South Asian nation’s flag carrier, has put on hold a plan to fly to Tehran amid renewed tensions between the U.S. and Iran after President Donald Trump imposed fresh sanctions on the Gulf country. Since some of Air India Ltd.’s plane purchases were funded by the Export-Import Bank of the …

  Bloomberg The UK government is failing to show how it intends to tackle the potential environmental damage of building a third runway at London’s Heathrow Airport, according to a cross-party panel of lawmakers. Ministers are relying too much on people switching to cleaner cars to reduce particulate air pollution and have given no guarantees on air-quality targets after the …

  Bloomberg Macy’s Inc. posted fourth-quarter earnings that beat analysts’ estimates as the company closes stores and cuts costs in a bid to cope with an industrywide slump. Profit was $2.02 a share, excluding some items, the Cincinnati-based company said. Analysts projected $1.96 on average. While same-store sales declined 2.1 percent, that was better than the 2.2 percent drop predicted …