Bloomberg Just five years ago, Daxing was a dusty area of farmland to the south of Beijing, largely neglected by visitors to the city. That’s no longer the case, now that an enormous airport has emerged there to thrust China even closer to toppling the US as the world’s biggest aviation market. Beijing Daxing International Airport, an 80 billion yuan …

Bloomberg Indian budget carrier SpiceJet Ltd plans to sell shares in its logistics business in an initial public offering, as the rise of e-commerce drives demand for fast shipping across the region. The one-year-old cargo division, known as SpiceXpress, could be listed on a stock exchange within 12 months, SpiceJet Chairman Ajay Singh said in an interview at Bloomberg’s New …

Bloomberg J Sainsbury Plc pledged to reduce costs and close stores as Chief Executive Officer Mike Coupe seeks to move on from a failed bid to take over rival grocer Asda. The UK supermarket operator plans to reduce expenditures by around $623 million over the next five years as it integrates dozens of Argos home-goods outlets, acquired in 2016, into …