Bloomberg Sriwijaya Air Flight 182’s engine control system malfunctioned minutes after takeoff, leading to a crash that killed all 62 people on board in January last year, the Indonesian investigators concluded. Pilots failed to control the Boeing Co. 737-500 when one of its automated engine throttle levers began losing power, causing the plane to roll onto its side and plummet ...

  Bloomberg Next Plc has struck a deal with the insolvency administrators of Made.com Group Plc to buy the collapsed online furniture retailer for $3.9 million. Made.com confirmed it’s entered an insolvency process and has appointed PwC as administrator after struggling for survival for months amid falling demand and surging inflation. Next, which sells clothing and homewares, confirmed that it ...

  Bloomberg Britain’s surging inflation is squeezing profit margins at Marks & Spencer Group Plc’s (M&S) food division as the premium supermarket chain absorbs some cost increases to maintain sales. The business, which has been the company’s growth driver in recent years, was faced with 11% inflation in its cost of goods in the first half, while its online joint ...