Bloomberg American Airlines Group Inc and United Airlines Holdings Inc said some Boeing Co aircraft won’t arrive until 2023 or 2024 amid lingering uncertainty over when the planemaker will be allowed to resume deliveries of its 787 Dreamliner. The issue has already prompted American to reduce, delay or suspend some planned international routes, a setback for the carrier as …

  Bloomberg Lululemon Athletica Inc outlined a new five-year plan intended to double sales to $12.5 billion by 2026, in part by expanding its offerings to men. The athletic-wear retailer aims to double the revenue it gets from men’s products and its digital channel, while quadrupling international sales from 2021 levels, the company said in a statement. Executives are meeting …

  Bloomberg Poland’s simmering industrial dispute over working conditions for air traffic control staff threatens to disrupt more than 600 flights a day if a deal can’t be reached, Europe’s airspace-management body warned. Capacity for services to Warsaw could be cut to just 170 a day if the situation worsens, leaving around 340 at risk of cancellation, while 300 of …

  Bloomberg Frasers Group Plc’s new chief executive officer will receive a $27 million payment just days before he takes charge of the British retail group. The company behind Sports Direct and House of Fraser said it was awarding the payment to Michael Murray for his previous consultancy work at the group. Murray is not formally employed by Frasers but …

  Bloomberg BMW AG long tried to bill its flagship 7 Series sedan as the more fun-to-drive alternative to similar offerings from Mercedes-Benz AG. As the rivalry goes electric, the German manufacturer is trying to also win over people sitting in the back. The i7 boasts a luxurious interior that includes a flatscreen lowering from the ceiling to entertain passengers …

Bloomberg The world’s biggest technology companies could face billions of dollars in fines for breaches of new European Union legislation after lawmakers reached an agreement on its scope. The landmark Digital Services Act (DSA) is the EU’s answer to what it sees as a failure by tech giants to combat illegal content on their platforms. Noncompliance could cost companies as …

Bloomberg For years, Volkswagen’s poor performance in the US fuelled debate among the company’s managers about whether Europe’s biggest carmaker should simply pack up and leave. According to Chief Executive Officer Herbert Diess, that’s no longer remotely an option. “We are going nowhere,” Diess said in a recent interview with CBS’s 60 Minutes. “No, we have to come back in …

  Bloomberg Shares in Ferrari NV tumbled the most in more than two weeks after the luxury sports carmaker issued a recall for 2,222 of its vehicles in China, telling owners there may be some problem with the brakes. According to Bloomberg Intelligence data, that’s the equivalent volume of almost every car Ferrari has sold in the country since 2018 …

  Bloomberg General Motors Co and Honda Motor Co are in talks about expanding their electric-vehicle partnership to include developing solid-state batteries, which automakers are chasing because they have more power, lower cost and reduced risk of fire. The companies have been discussing joint development of future batteries as they expand cooperation, though no decision has been made yet, Shinji …

Bloomberg Climate change produced another record-breaking year of extreme weather in Europe in 2021, triggering catastrophic flooding and the hottest summer on record, according to scientists at the Copernicus Climate Change Service. Summer temperatures in Europe last year were one degree Celsius above the average of the previous 20 years, and the rainfall that battered Germany and Belgium broke records, …