BLOOMBERG JetBlue Airways Corp and American Airlines Group Inc are seeking to keep components of their US Northeast operating alliance intact while winding down other elements, part of a high-stakes antitrust battle playing out in court. The airlines want to keep codeshare and loyalty agreements in place, but are willing to stop joint scheduling and sales, they said in a …

BLOOMBERG Frasers Group Plc has bought an 18.9% stake in online electronics retailer AO World Plc, as Mike Ashley’s retail empire keeps up its acquisitive streak. Frasers has spent £75 million ($94 million) on the stake as part of a strategic partnership with AO World after two years of talks, according to a statement. The deal will help Frasers expand …

BLOOMBERG EasyJet Plc cancelled about 100 flights to and from London Gatwick Airport between June 11 and June 12 because of thunderstorms that hit southern England. Flight-tracking site FlightAware showed that EasyJet was the No 1 airline for disruptions, with 70 cancellations and 294 delays on June 11 and 26 cancellations and 181 delays. Gatwick said it canceled 48 outbound …

BLOOMBERG Saudi Arabian low-cost carrier Flynas is in talks for an Airbus SE jet order, according to people familiar with the matter, as airlines in the country bulk up operations to better compete with regional rivals. The carrier may announce an accord with the European planemaker as soon as the Paris Air Show starting early next week, said the people, …

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met on Tuesday with His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. During the meeting, which took place at Qasr Al Bahr in Abu Dhabi, their Highnesses discussed a number of topics related to the progress …

ABU DHABI / WAM In line with the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the follow-up of HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Executive Council, Modon Properties, which specialises in developing vibrant communities, unique hospitality and lifestyle experiences, and world-class sports facilities, …

DUBAI / WAM Etihad Credit Insurance (ECI), the credit protection company of the UAE government, has signed an MoU with Export Insurance company “KazakhExport” to enhance trade and support sustainable economic growth between the UAE and Kazakhstan. The MoU is in line with the “We the UAE 2031” vision aimed at strengthening bilateral economic relations between the two countries, driving …

LATAKIA / WAM The Emirates Red Crescent (ERC) delegation has distributed Eid clothing to more than 100 orphan and cancer patients children in the governorate of Latakia, Syria. The gesture was part of Operation Gallant Knight 2, a humanitarian initiative launched by the Joint Operations Command of the Ministry of Defence. The aim of the operation is to bring joy …

BLOOMBERG  China’s central bank surprised most economists and market participants by cutting a short-term policy interest rate, a sign that officials are increasingly concerned about faltering growth and are stepping up stimulus to boost the recovery. The People’s Bank of China (PBOC) lowered the seven-day reverse repurchase rate by 10 basis points to 1.9% on Tuesday, the first reduction in …

BLOOMBERG  India’s disinflation process is “likely to be slow and protracted” and the central bank may meet its 4% target only in the medium term, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Tuesday. “The cumulative impact of our monetary policy actions over the last one year is still unfolding and yet to materialise fully,” Governor Das said …