Bloomberg Home Retail Group Plc said its board will unanimously recommend J Sainsbury Plc’s 1.4 billion-pound ($2 billion) bid after South African retailer Steinhoff International Holdings NV withdrew from the battle to acquire the Argos owner. The announcement effectively ends a protracted takeover saga that began on January 5 when Sainsbury first disclosed its interest. After weeks of wrangling over …

Bloomberg Kenya Airways, the east African country’s struggling national airline, is to cut up to 600 jobs as part of a bid to achieve $200 million in savings, the airline. The reductions at the airline, partly owned by the government as well as Air France KLM, could see around 15 percent of the 4,000-strong workforce cut. As part of efforts …

Bloomberg Amazon.com Inc.’s relaunch of its online payments business in 2013 was greeted with scepticism. PayPal Holdings Inc. had a huge head start and credit card companies like Visa Inc. already had products that made buying something on the Web as easy as swiping a card. It seemed doubtful digital shop owners would want to team up with Amazon and …