Bloomberg British Airways owner IAG SA said it has no plans to revive a bid for discount rival Norwegian Air Shuttle ASA following a Spanish report that an offer was likely to be made in the next 15 days. The airline group, which also owns Madrid-based Iberia, intended to make an approach worth about $1.2 billion, according to Okdiario newspaper. …

Bloomberg J Sainsbury Plc shareholders gave Chief Executive Officer Mike Coupe a vote of confidence at the supermarket operator’s annual general meeting, despite declining sales and the collapse of its planned acquisition of Walmart Inc’s Asda. More than 99 percent of investors voted in favour of keeping Coupe on the board. Still, some investors questioned Chairman Martin Scicluna on Sainsbury’s …

Bloomberg Troubled Scandinavian Airlines operator SAS AB is now smaller than a bus company. Its market value has dropped to just 5.09 billion kronor ($546 million), after its shares slumped almost 40 percent so far this year. That means that Nobina AB, the Nordic region’s largest public-transport service provider, is now bigger, with a market capitalisation of 5.11 billion kronor. …

Bloomberg United Technologies Corp’s Pratt & Whitney unit is chronically late delivering engines for the Pentagon’s costliest programme, the F-35, raising questions about whether the company is ready for a surge to full-rate production scheduled for next year. Pratt remains under a previously unreported “Corrective Action Request” from the Defense Contract Management Agency that cites “poor delivery performance” on its …

Bloomberg The Trump administration said trade talks with China are starting up again as Beijing reiterated that it’s essential the US removes all existing tariffs for a deal to be reached. US President Donald Trump and Chinese President Xi Jinping agreed last month to re-start trade talks and suspend new tariffs, but they gave no time-frame for further negotiations or …

Bloomberg Oil posted its first weekly loss since mid-June, as a forecast-topping US employment report wasn’t enough to offset the economic worries dogging the market. Futures in New York closed down 1.6 percent for the week, despite eking out an increase after the government said payrolls climbed by 224,000 in June. The ultimate fallout from the report was unclear as …

Bloomberg India plans to raise as much as $10 billion from its first overseas sovereign bond because there’s huge appetite for its debt in the foreign market, according to a top finance ministry official. “It’s a cautious beginning, which we need to make,” Economic Affairs Secretary Subhash Garg said in an interview. “In terms of risk management I don’t see …

Bloomberg Samsung Electronics Co has completed a two-month redesign of the Galaxy Fold to fix embarrassing screen failures that forced its delay, people familiar with the matter say, allowing the Korean giant to debut its marquee smartphone in time for the crucial holiday season. The world’s largest smartphone maker is now in the final stages of producing a commercial version …

Bloomberg Amazon.com Inc is set to hire more than 2,000 workers in the UK, including engineers, software developers and data scientists, to develop its latest technology ventures. The Seattle-based tech giant’s UK workforce will total almost 30,000 people by the end of the year, and will include cloud and machine learning experts, corporate roles and fulfillment and delivery workers, the …

Bloomberg BMW AG and Daimler AG will offer cars capable of navigating on highways by themselves starting in 2024, as the luxury-car rivals cooperate to speed up the development of autonomous vehicles. They plan to sell cars equipped with so-called Level 4 self-driving technology, meaning the vehicles could manage motorway driving and parking without intervention from the driver, who will …