Bloomberg The UK’s government’s decision to expand London’s Heathrow airport is about ‘50 years too late,’ according to the chief executive officer of Dubai Airports, which is building one of the world’s largest aviation hubs. “Unfortunately the bureaucracy in the UK seems to be the world’s most refined and the world’s most comprehensive when it comes to strangling infrastructure ...

  Helsinki / AFP Finnish telecom equipment giant Nokia said it has managed to reduce losses but remained in the red in the third quarter after acquiring its former rival, French-American Alcatel-Lucent. The world’s former number one in handsets, which turned into a telecom equipment maker, reported a net loss of 125 million euros ($135 million) in the third quarter ...

  Bloomberg Thanks to new technology, flying in a private jet is no longer just for business titans and the super-wealthy. But in a paradox, that means aircraft manufacturers like Cessna and Bombardier Inc. are selling fewer planes. The general aviation industry is undergoing a major shakeup as new business models attempt to match idle aircraft with passengers, many of ...