It seems that India’s central bank is no fan of “buy now, pay later.” But then, the regulator’s irritation with this newish fad in consumer finance is wholly understandable. “Get Credit in 90 seconds. Shop at Millions of Merchants. Pay Later,” says the website of LazyPay, which claims to have 60 million eligible users in India. Rival Uni, which ...

Bloomberg Deutsche Lufthansa AG management apologised for the disruptions and cancellations bedeviling the global aviation industry and cautioned the situation won’t improve in the near future as carriers and airports struggle to rebuild operations from the pandemic slump. In a letter sent overnight to customers, Europe’s biggest airline group laid out the causes of the chaos, from a lack of ...

Bloomberg Nike Inc shares fell as the world’s largest sportswear company offered a downbeat full-year forecast for gross margin and said it was being cautious in its outlook for the vital China market. The retailer said it expects gross margin to be flat to down 50 basis points, after it reported results that surpassed analysts’ estimates and overcame supply-chain pressures ...