Bloomberg Southwest Airlines Co.’s tentative labour agreement with its pilots, reached after more than four years of negotiations, may be in danger now that Delta Air Lines has a pending deal that would pay its aviators more. The Southwest Airlines Pilots Association is seeking to reopen some sections of an accord reached Aug. 29 and has requested a meeting ...

  Bloomberg A Russian airline entrepreneur wants to join the space race, challenging Elon Musk’s Space Exploration Technologies Corp. and Jeff Bezos’ Blue Origin LLC with a plan to launch commercial rockets. S7 Group, the owner of Russia’s S7 Airlines, agreed to buy the floating rocket platform Sea Launch from a group of investors and aims to restore its operations ...

  AFP Australia’s central bank kept interest rates at a record low on Tuesday in the first meeting for newly-minted chief Philip Lowe, amid solid domestic growth and signs that commodity prices have passed their trough. Australian growth has remained robust despite the economy’s uneven transition away from mining-driven expansion, but a recent run of sluggish inflation figures drove the ...

  AFP India’s central bank cut interest rates to a six-year low on Tuesday, as the International Monetary Fund predicted the Asian giant would maintain its position as the world’s fastest-growing major economy. The rate decision was expected to please Narendra Modi’s government who had become frustrated at the pace with which recently-departed Reserve Bank of India chief Raghuram Rajan ...

  Bloomberg Laurentian Bank of Canada, claiming traditional banking is becoming “obsolete,” will merge 50 branches and eliminate about 300 positions in the next 18 months as part of a restructuring. Laurentian must evolve to meet the changing needs of customers, who have reduced branch visits, the Montreal-based lender said Wednesday in a statement. Increased economic and regulatory hurdles, along ...

  Bloomberg Credit Suisse Group AG is seeking to secure a key banking license in Saudi Arabia as part of plans to expand in the kingdom. The Zurich-based bank, which has a securities and equities business in the country, is in talks with the central bank for an onshore license, Iqbal Khan, head of the bank’s international wealth-management business, said ...

  Brussels / AFP The IMF raised its growth forecast for the eurozone on Tuesday, but warned of uncertainty due to the still unknown consequences of Brexit and damage caused by low inflation. The IMF edged up the growth forecast for the 19 nation currency bloc to 1.7 percent in 2016, from an earlier 1.6 percent, citing low oil prices ...

  Bloomberg Ericsson AB plans to cut 3,000 jobs in Sweden, a fifth of the workforce in its home country, as it curbs production to cope with shifting technology and stagnant demand for wireless-network equipment. The company will reduce manufacturing in the towns of Boraas and Kumla — a move it signaled last month— as it turns its focus to ...

  Strasbourg / AFP The European Parliament will vote on its “negotiating lines” for Britain’s exit from the EU after London triggers the divorce process next year, its Brexit pointman said on Tuesday. Former Belgian premier Guy Verhofstadt welcomed Prime Minister Theresa May’s announcement at the weekend that Britain will start negotiations by the end of March but said there ...

  Rio de Janeiro / AFP The sweeping victory of centrist and right-wing parties in municipal elections on Sunday will give Brazil’s new President Michel Temer at least a temporary boost as he pushes through austerity reforms, analysts said. The once-dominant leftist Workers’ Party was routed in the nationwide polls, confirming Brazil’s shift to the right in the wake of ...