Bloomberg Air Canada dropped its takeover of vacation operator Transat AT Inc because it couldn’t convince European regulators to approve the deal on acceptable terms. Canada’s largest airline said it offered a “significant package of remedies” to satisfy the European Commission’s concerns that the merger would reduce competition on flights between EU countries and Canada. “It has become evident, however, ...

Bloomberg Amazon.com Inc has explored opening discount retail stores selling a mix of home goods and electronics, a potentially significant expansion of the company’s growing portfolio of brick-and-mortar locations. The outlets would carry unsold inventory sitting in Amazon’s warehouses at steep discounts, according to two people familiar with the plans. The company has considered opening permanent stores, as well as ...

Bloomberg Italy’s bankrupt airline Alitalia SpA is running out of cash just as negotiations with the European Union to create a new national carrier are at a standstill. Alitalia, which has been under administration since 2017, paid its 11,000 workers only half their March salaries. The pandemic dealt the final blow to the loss-making airline that for years has been ...

Bloomberg Ryanair Holdings Plc is poised to begin flights with a new variant of the Boeing Co 737 Max jet after US regulators signed off on a model that’s set to cut costs by squeezing in almost 200 passengers. The discount carrier expects to take delivery of its first Max 200 this month, becoming the first operator of the plane, ...

Bloomberg GameStop Corp shares rose after the company named Elliott Wilke as chief growth officer, the latest in a string of senior executive appointments, and part of a corporate overhaul by activist investor and board member Ryan Cohen. In addition to Wilke, the video-game retailer also named Andrea Wolfe as vice president of brand development and Tom Petersen as vice ...

Bloomberg Russian opposition leader Alexey Navalny risks dying in prison as he continues a hunger strike to press authorities into allowing him proper medical care, an ally said. Navalny, 44, began refusing food on Wednesday to demand treatment for acute pain in his back that’s spreading to his legs, and an end to prison guards waking him each hour. He ...

Bloomberg Maoist rebels killed at least 22 Indian security personnel in an ambush in the central state of Chhattisgarh, according to local newswire Press Trust of India (PTI). The incident happened when a joint security team including the Central Reserve Police Force (CRPF) engaged with armed guerrillas in forested areas along Bijapur and Sukma districts on April 3, PTI reported, ...

Bloomberg The presence of China’s “maritime militia” near a South China Sea reef shows Beijing’s intent to occupy more disputed areas, Philippine Defense Secretary Delfin Lorenzana said in a statement on Sunday. China has “done this before” in other contested areas like Scarborough Shoal and is “brazenly violating Philippine sovereignty,” Lorenzana said. He was reacting to a statement from China’s ...

Bloomberg Scottish nationalist parties could win a pro-independence “supermajority” in the May election, according to the latest opinion poll, which shows unionist parties suffering the most from the creation of a new separatist party last month. First Minister Nicola Sturgeon’s Scottish National Party is seen winning 65 seats on May 6, giving it an outright majority of one, according to ...

Bloomberg China’s financial regulators plan to impose additional capital requirements on the nation’s systemically important banks, seeking to curb risks and safeguard stability of the $49 trillion industry. Banks considered too big to fail will be put into five categories and face a surcharge of between 0.25% and 1.5% on top of the mandatory capital adequacy ratios, the People’s Bank ...