Bloomberg Airbus is closing in on a deal to supply Dutch airline KLM with single-aisle jets, unseating incumbent Boeing, according to people familiar with the matter. The planemakers are competing on an order for as many as 160 aircraft for KLM and low-cost carrier Transavia, as parent Air France-KLM refreshes the brands’ medium-haul fleets. The contest remains in flux, …

  Bloomberg UniCredit SpA intends to return at least $18.1 billion to shareholders by 2024, rolling out one of Europe’s most ambitious payout plans as part of Chief Executive Officer Andrea Orcel’s first strategy revamp. The Milan-based lender is seeking to distribute 100% of underlying profit in a mix of cash dividends and share buybacks on 2021 earnings, according to …

    Bloomberg Reserve Bank of India (RBI) allowed Life Insurance Corp of India (LIC) to double its stake in private-sector lender IndusInd Bank Ltd., the company said in a filing to exchanges. The nation’s largest insurer can raise its stake in the bank founded by the billionaire Hinduja brothers up to 9.99% from the current 4.95%, the bank said …