Bloomberg Developers started a record number of central-London office projects in the six months through March as they tried to capitalize on rising rents. Construction work began on 51 office buildings during the period, Deloitte LLP said in a report on Wednesday. About 14 million square feet (1.3 million square meters) of space is now under construction, 28 percent ...

  Bloomberg A glum outlook from Macy’s Inc. renewed concerns about the broader retail industry, contributing to a stock rout for consumer companies such as Wal-Mart Stores Inc., Michael Kors Holdings Ltd., Ralph Lauren Corp. and Ross Stores Inc. Macy’s cut its profit forecast for this year and posted first-quarter revenue that missed analysts’ estimates — a sign that slow ...

  Bloomberg Gol Linhas Aereas Inteligentes SA posted its first quarterly profit since 2011 after the Brazilian airline trimmed operations to compensate for plunging demand in its home market. First-quarter net income totaled 757.1 million reais ($219 million), compared with a loss of 672.7 million reais a year earlier, Gol said in a statement after the close of trading in ...

  Bloomberg French retailer Casino Guichard-Perrachon SA will pay as much as $196 million to buy out its Cnova NV online retail business, just a year and a half after listing about 6 percent of the unit in New York. Casino is offering $5.50 a share, it said in a statement on Thursday. That’s 62 percent higher than Cnova’s closing ...

  Bloomberg Aircraft-leasing firm Doric is preparing to take back five Airbus Group SE A380 superjumbos from Singapore Airlines Ltd. starting next year, in a move that would be the first test of second-hand demand for the world’s biggest jetliner. While Singapore Air hasn’t officially decided to return the planes, London-based Doric and fellow owner Dr. Peters Fund KG of ...

  Bloomberg Deutsche Lufthansa AG will rein in expansion plans this year as a glut of plane seats depresses ticket prices and travellers delay bookings amid fears of terror attacks. Capacity growth this year will be below the previously targeted 6 percent, Chief Executive Officer Carsten Spohr said in an interview in Berlin. That marks the second reduction in projected ...

  Los Angeles / AFP The Solar Impulse 2 took off from Phoenix, Arizona to Oklahoma on Thursday, resuming its record-breaking quest to circle the globe without consuming a drop of fuel. The experimental solar-powered plane, piloted by Swiss adventurer Bertrand Piccard, took off for the latest stage of its around-the-world flight aimed at drawing attention to clean energy technologies. ...

  Our Correspondent / Emirates Business Forever Rose cements the notion of everlasting love for those passionate about romance and luxury. Founded in London, England’s capital, in 1999 and launched in the UAE in 2014, Forever Rose has emerged as a purveyor of the world’s finest roses, first developing a name among high society for its luxurious floral artistry and ...

  Our Correspondent / EMIRATES BUSINESS Ever since it burst onto the casual dining scene in 2013 in California, US, The Counter has developed a reputation as the pre-eminent name in custom-built burgers. The brand is now firmly established in the UAE where it is attracting an enthusiastic clientele of burger lovers who are enjoying its premium taste offerings and ...

  Bloomberg Emerging-market stocks swung between gains and losses as investors assessed prospects for global growth and political risks. Equity benchmarks in Hong Kong and India fell at least 0.5 percent, while shares in Brazil gained for a second day before a Senate vote on impeaching the president. In Turkey, the lira fell for a fourth day amid signs President ...