Bloomberg Alitalia’s rescue by Italy’s state-owned railway and investors including US carrier Delta Air Lines Inc may still be weeks away despite a looming deadline for offers for the loss-plagued carrier, people familiar with the matter said. Ferrovie dello Stato SpA is set to tell the carrier that its rescue plan has attracted potential investors, including Delta and Atlantia SpA, …

Bloomberg London’s Heathrow Airport intends to speed up spending on its controversial third runway, even before getting approval for the 14 billion-pound ($18 billion) project, according to the industry regulator. Europe’s busiest airport plans to boost early spending to 2.9 billion pounds, in 2014 prices, so it can stay on schedule for a planned 2026 opening, the Civil Aviation Authority …

Bloomberg Fast Retailing Co’s profit fell short of analyst estimates as weakness in the Uniqlo owner’s home market of Japan overshadowed a strong showing in overseas markets, particularly China. Operating profit rose to 74.8 billion yen ($692 million) in the three months ended on May 31, according to a statement from Asia’s largest retailer. That compares with analysts’ average estimate …

Bloomberg Two of the major US airlines that fly Boeing Co’s grounded 737 Max have taken the plane off their schedules until early November, the latest sign that the jet may not resume commercial service this year. American Airlines Group Inc adjusted its schedule for the fifth time to accommodate the Max’s lengthening absence since its March 13 grounding. The …

Bloomberg Will Smith is selling water. Kobe Bryant is pushing deodorant. Mark Wahlberg is peddling protein powder. Amazon.com is tapping high-profile actors, athletes and social-media sensations like never before to maintain buzz around its Prime Day summer sale, now in its fifth year and battling increasing competition from rivals. Discounted pressure cookers and gadgets just aren’t enough to stand out …

Bloomberg Sports Direct International Plc shares headed towards a seven-year low after the UK sports-apparel retailer delayed publishing its results as auditors increase their scrutiny of its accounting. The UK retailer said it needs more time to compile information as regulators review Grant Thornton’s audit of its fiscal 2018 results, and that the review may affect its financial guidance. The …

Bloomberg The pound is suffering a record run of losses against the euro just as Brits get ready for the summer holidays. Sterling has slid more than 5 percent against the euro in an unprecedented run of 10 weekly declines, handing UK holidaymakers on the continent a hefty foreign-exchange disadvantage. And it’s fared the worst among 32 major currencies tracked …

Bloomberg Traders taking profit from Kuwait’s longest-winning streak since at least 2016 sent the nation’s main stock index to its first loss this month. The gauge declined less than 0.1 percent, led by National Bank of Kuwait and HumanSoft Holding. While a favourable deposit shift for lenders in the country may boost second-quarter margins from lows in the previous quarter, …

Bloomberg A raft of global banks including HSBC Holdings Plc and Morgan Stanley were among those added to a UK task force that aims to set strategy for fighting financial crimes in the country, giving the industry more influence over its own regulation. While details were scant, the task force promised in a statement to improve the use of data …

Bloomberg BNP Paribas SA will no longer finance private prison companies, joining a wave of banks pulling out of the business amid criticism of the conditions in US detention facilities. “This decision is the result of the bank’s internal and external consultative process that ensures that clients’ practices are aligned with the group’s policies,” BNP Paribas said in an emailed …