Bloomberg Hennes & Mauritz (H&M) and Zara owner Inditex both reported that an improvement in sales stalled in the autumn as a new round of Covid-19 lockdowns led consumers to curb spending on clothes. From late October through November, H&M’s sales fell 22% from a year earlier, the Swedish retailer said on Tuesday. Spanish rival Inditex reported a revenue decline …

Bloomberg JPMorgan Chase & Co won a deal to issue cards in the US for Air Canada, the bank’s first new co-brand card partner in more than a decade. The companies plan to introduce the airline’s Aeroplan credit card in late 2021, using the Mastercard Inc network. The expectation is that air travel will have begun to recover by then …

Bloomberg London’s Heathrow airport is waiting for a ruling from the UK Supreme Court on Wednesday that could give it permission to build a third runway that it may no longer need. An appeals court ruled in February that the government failed to take full account of the Paris Climate Agreement when approving the airport’s expansion. Heathrow was allowed to …