Bloomberg An Egyptian e-commerce business linking traditional retailers with suppliers of products such as food and groceries plans to expand in North Africa and the Gulf after an early-stage funding round. Cairo-based MaxAB raised $40 million from RMBV and seven others including the International Finance Corp and Flourish Ventures, according to a statement on Monday. It plans to use the …

Bloomberg The US Department of Transportation is moving to require airlines to refund fees to passengers for checked bags if the luggage is significantly delayed to the destination, according to a person familiar with the measure. The proposal will also require airlines to promptly make refunds for other services air passengers pay for and don’t receive — including advance seat …

Bloomberg Sydney Airport received a A$22.3 billion ($17 billion) takeover offer from a group including IFM Investors in what would be Australia’s largest acquisition and one of the boldest bets on a recovery in global travel since the pandemic started. The offer values Sydney Airport shares at A$8.25 each, the company said in a statement on Monday. While that’s 42% …