Thursday , 12 February 2026

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Expedia sues United Air in fight over ticket-distribution costs

Bloomberg Online travel agency Expedia Group Inc. says United Airlines has threatened to withhold fare data as soon as next week as part of faltering contract talks between the companies. Such a move would halt Expedia’s ability to sell United’s flights for trips after September 30, the travel seller said in a lawsuit filed in federal court in New York. …

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Adidas unveils customised in-store shoe printing

Bloomberg Adidas AG is looking to better tap rapidly changing consumer tastes by increasing pace of development and production, and printing out customized shoes right in its stores. “Trends change extremely fast these days,” CEO Rorsted said in an interview with Euro am Sonntag. “What’s hot today in New York or Tokyo spreads in seconds around world through social media.” …

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Norwegian Air builds up London long-haul office to lure talent

Bloomberg Norwegian Air Shuttle ASA is consolidating the team that runs its long-haul flights in London as the debt-laden carrier seeks to add executive talent at a unit crucial to its survival in the ultra-competitive discount market. The company is building a 16-strong contingent in the city, leaving just a few dedicated staff at its main base in Fornebu, near …

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Chevron aligns strategy with Paris deal, won’t cap output

Bloomberg Chevron Corp. vowed to cut greenhouse gas emissions in alignment with the Paris Accord on climate change, potentially averting a shareholder rebellion at its annual general meeting. The US oil major pledged to reduce air pollution intensity by 25 to 30 percent by 2023, as recommended in the Paris agreement that took effect in 2016. The target applies across …

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Total discovery opens up new petroleum play off South Africa

Bloomberg Total SA said it has opened up a new “world-class” oil and gas province off the coast of South Africa after making a significant gas-condensate discovery there. Success in the nation’s first deep-water well is a potential boon for a country that imports most of its oil, processing the remainder of its fuels from coal and natural gas. “We …

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RBI delivers surprise rate cut in boost for Modi

Bloomberg India’s central bank unexpectedly cut its benchmark interest rate in Governor Shaktikanta Das’s debut policy meeting, a shift that provides more of the stimulus Prime Minister Narendra Modi’s government needs to stoke growth as an election nears. The repurchase rate was reduced by 25 basis points to 6.25 percent, a decision predicted by just 11 of 43 economists surveyed …

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ECB sees no urgent need to offer new long-term loans to lenders

Bloomberg European Central Bank officials see no urgent need to offer new long-term loans to banks and aren’t certain to do so at their next policy meeting in March, according to people familiar with the matter. Officials aren’t yet convinced about the necessity for more liquidity and are nervous that an offering could fuel perceptions that they’re helping out particular …

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US economy is in good place, says Fed’s Powell

Bloomberg Federal Reserve Chairman Jerome Powell gave a brief but positive assessment of the economy at an event organized for educators. “The US economy is now in a good place,” Powell said evening in response to audience questions during a meeting with teachers at the central bank’s headquarters in Washington. “At the moment, unemployment is low, prices are near two …

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Deutsche Bank CEO Sewing promises discipline in quest to boost revenue

Bloomberg Deutsche Bank AG Chief Executive Officer Christian Sewing said the bank will seek to increase revenue without sacrificing discipline as he attempts to reboot the troubled German lender. “We have our costs under control and built a solid foundation with a strong capital base and a very low risk profile,” Sewing said, according to prepared remarks that he was …

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Brazil’s central bank keeps rate unchanged

Bloomberg Brazil held its benchmark interest rate unchanged and signalled that Congress needed to approve cost-cutting measures before borrowing costs can fall. The bank board, led by its President Ilan Goldfajn, kept the Selic rate at 6.50 percent for a seventh straight meeting in a decision expected by all 42 economists in a Bloomberg survey. It was likely the last …

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