Bloomberg California sued Amazon.com Inc, saying the company forces third-party merchants to agree to policies that lead to “artificially high prices” for consumers. State Attorney General Rob Bonta announced the antitrust suit challenging Amazon merchant agreements that bar sellers from offering lower prices on other sites and impose stiff penalties if they do. He said the agreements block competition from …

  Bloomberg Hennes & Mauritz AB sales declined more than expected over the summer as the Swedish retailer fell further behind rival Zara amid a growing cost-of-living crisis across Europe. Revenue dropped 4% excluding currency shifts in the three months through August, the Swedish retailer said. Analysts had expected a decline of 1.4%. That’s the first retreat in six quarters. …

Bloomberg Flights from London Heathrow airport will be disrupted during the transfer of Queen Elizabeth II’s coffin for her lying-in-state, with more upheaval likely next week when her funeral takes place. Departures face delays and adjustments for almost two hours from September 14, Heathrow said. The measures are aimed at ensuring an absence of jet-engine noise as a gun carriage …

Bloomberg Deloitte expects retailers will see slower volume gains this holiday season, from November through January, as a result of the US economic slowdown. “Retail sales are likely to be further affected by declining demand for durable consumer goods, which had been the centerpiece of pandemic spending,” Daniel Bachman, Deloitte’s US economic forecaster, said in a statement. “However, we anticipate …

  Bloomberg More than a hundred passengers were evacuated from a Boeing Co 737-800 operated by Air India Express Ltd after one of its engines caught fire while the aircraft was taxiing to take off from Muscat, the capital of Oman. Everyone got off the plane safely and the jet was left parked on the airport runway, according to Arun …

  Bloomberg Wizz Air Holdings Plc plans to order 75 Airbus SE narrow-body jets as the discount carrier doubles down on its rapid expansion in a challenge to sector leader Ryanair Holdings Plc. Wizz will exercise purchase rights for the A321neo jets granted by the manufacturer last year, it said in a statement. Delivery dates are subject to agreement. Eastern …

Bloomberg US futures declined as investor sentiment swung between hopes that inflation has peaked and concern that large interest-rate hikes by the Federal Reserve will hamper economic growth. Treasury yields rose and the dollar gained. Contracts on the S&P 500 and Nasdaq 100 fluctuated before turning lower, with the latter underperforming after the underlying gauges posted modest rallies. European stocks …

  Bloomberg Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy. Bitcoin fell about 1.5%to $19,937 in New York after a near-10% plunge this week. Ether, the native token of Ethereum, decline for a third day, dropping about 1% to $1,597. Stocks, bonds and digital tokens plunged after rising US inflation …

  Bloomberg The Swiss athletic brand On is launching a resale site, making it the latest company to enter the fast-growing apparel resale market. On Holding AG, which is backed by tennis star Roger Federer, went public last year and expects to see net sales of 1.1 billion Swiss francs ($1.1 billion) in 2022. The company has made sustainability a …

Bloomberg Germany raised 760 million euros ($760 million) from the sale of the state’s full stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during Covid-19 lockdowns. The country’s Economic Stabilization Fund, or WSF, disposed of its remaining 9.92% of Europe’s largest airline via a placement with international investors, according to …