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More Indian retailers in Amazon’s shopping cart

Bloomberg Amazon.com Inc. is on a shopping spree in India. Helmed by the world’s richest man Jeff Bezos, Amazon has bought into one brick-and-mortar retailer, backed purchase of another and is reported to be in talks to acquire a stake in at least one more as the online retailing giant looks to get more boots on the ground in the ...

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South African suppliers slash payment periods

Bloomberg South African Airways’s suppliers are slashing payment periods to reduce the risk of losing out from a collapse of the troubled state carrier, which is struggling to pay lenders 5 billion rand ($361 million) due by the end of this month. Companies with contracts with SAA are cutting settlement terms to seven days from 21 days as the creditor ...

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Airbus may drop jetliners position, concentrating power in new CEO

Bloomberg Airbus SE could opt to drop the role of commercial aviation chief when incumbent Guillaume Faury is promoted to lead the entire company next year, simplifying the group’s structure amid an ongoing fraud probe. The move would concentrate power in the hands of Faury as chief executive officer and reinforce the idea that the jetliners arm — where most ...

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