Bloomberg Air France-KLM Group warned that political and economic uncertainties are weighing on travel demand, with the carrier especially worried about France’s standing as a tourist hotspot after a succession of terrorist attacks that have spanned Paris to the Riviera. Europe’s largest airline said there is “special concern about France as a destination” amid the IS-inspired killings, even as ...

  Bloomberg Boeing Co. picked up $4.13 billion of orders from Asian carriers, underscoring growing demand in the region even after the aviation industry’s biggest annual show at Farnborough earlier this month racked up the lowest tally in six years. Malaysia Airlines Bhd. bought 25 737 Max 8 planes at a list price of $2.75 billion and took options for ...

  Emirates Business Airline passengers in China are heavy users of technology both in their everyday lives and throughout their travel journeys. Nearly one quarter perceive themselves as ‘hyper-connected’ – they value efficiency and use self-service technology more frequently. Airlines are meeting their needs with 80% adopting connected aircraft and 100% investing in mobile-based services and the Internet of Things. ...

  Bloomberg The recent calm in global markets owes a lot to the U.S. consumer, with payroll gains and rising retail sales helping to buoy the world’s largest economy in June. Yet there’s one big weak spot: slowing car sales, and it’s not clear which market segment will pick up this slack. Crucially, demand for cars has propped up the ...

  AP Americans bought new homes in June at the fastest pace in more than eight years, a sign that a solid job market and low mortgage rates are bolstering the U.S. housing market. The Commerce Department said that new-home sales rose 3.5 percent last month to a seasonally adjusted rate of 592,000, the best level since February 2008. Purchases ...

  Bloomberg Apartment construction in New York and San Francisco is taking its toll on landlords, with Equity Residential, the largest publicly traded U.S. multifamily owner, cutting its revenue forecast for the third time this year. Equity Residential expects revenue growth from properties open at least a year to be 3.5 percent to 4 percent in 2016, according to the ...

  AFP Chinese mainlanders are underpinning high-end residential apartment rents in Hong Kong as expatriate housing budgets in the financial industry are being slashed, according to Savills Plc. Vacancies for luxury apartments remain low and budgets of HK$40,000 (just over $5,000) to HK$100,000 per month are the most popular, according to a note from the London-based real estate services company. ...

  Bloomberg Billionaire Wang Jianlin’s $4.4 billion proposal to privatize Dalian Wanda Commercial Properties Co. drew support from Glass Lewis, which advised investors to vote for the plan. The buyout offer’s rationale is “fairly standard,” and “straightforward,” according to a Glass Lewis report seen by Bloomberg. The proxy advisory firm is “inclined to agree” that the buyout of listed shares ...

  Bloomberg For David Wong, the business of selling homes isn’t as good this year as it was in 2015, and he’s blaming that on a decline in customers from China. “The residential-property market here, especially for those priced between $2.5 million to $3 million, has been affected by China’s measures to control capital flight,” said the New York City-based ...

  Bloomberg Africa’s startups are seizing an opportunity they say Google and Apple Inc. have missed — making apps for non-smartphones. In a region where the average customer doesn’t own a smartphone or a bank card, hundreds of millions of people do use some kind of basic phone. That’s prompting developers to build no-frills text-based apps, keeping data consumption down ...