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Boeing’s 747 cargo plane wheel falls off after takeoff in Italy

  Bloomberg A wheel fell off a giant Boeing Co. cargo jet and plunged to the ground shortly after the aircraft took off from Taranto in southern Italy on Tuesday morning. A video posted on Twitter showed a plume of black smoke suddenly spit out from the 747-400 Dreamlifter’s undercarriage and a wheel like a giant bowling ball flying to ...

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India’s wealthy consumers fuel expansion of Tata’s jewellery arm

  Bloomberg India’s expected surge of rich consumers is driving the jewellery unit of Indian conglomerate Tata group to triple its Zoya-branded luxury stores by 2027. “There is a lot of latent demand for luxury from India and high net-worth individuals are going to explode,” Ajoy Chawla, the chief executive officer of the jewellery division at Titan Co., said in ...

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Online retailers aren’t on 2022 holiday wish lists

  Bloomberg E-commerce stocks have struggled this year, and plenty of investors are doubtful the holiday shopping season will provide a catalyst to turn things around. Online retailers such as Wayfair Inc. and Etsy Inc already are under pressure from the loss of pandemic-era tailwinds and economic weakness weighing on consumer sentiment. Now, some analysts are fretting that high inventories ...

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