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British Airways owner cuts capacity

  Bloomberg British Airways parent IAG SA will cut capacity and put spending under review in the wake of the U.K.’s decision last month to quit the European Union, with the uncertainty depressing profit growth this year. Operating profit excluding one-time items is now expected to grow by a low double-digit percentage, the London-based IAG said Friday. Prior to the ...

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Apple to redesign online store app

  Bloomberg Apple Inc. plans to roll out a redesigned version of its Apple Store mobile app for selling devices that will use a customer’s buying history to recommend further purchases, taking a page from Amazon.com Inc.’s playbook. The updated retail app could be rolled out in the next two weeks, according to people familiar with the intended revamp. It’s ...

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Spain cuts growth estimate on investment outlook

  Bloomberg Spain’s caretaker government trimmed its growth outlook for next year, citing the prospect that investment in construction and equipment will contribute less to an economy that’s been expanding since the third quarter of 2013. The economy will grow 2.3 percent in 2017, compared with a previous estimate of 2.4 percent, the Economy Ministry said in an e-mailed statement. ...

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