Bloomberg Getting your head around cryptocurrencies was hard enough before governments got involved. But now that policy makers around the world are drawing up fresh regulations on everything from exchanges to initial coin offerings, keeping track of what’s legal has become just as daunting as figuring out which newfangled token might turn into the next Bitcoin. The rules can vary …

Bloomberg India is selling a controlling stake in its flagship carrier along with two-thirds of the loss-making airline’s about $7.8 billion debt, as Prime Minister Narendra Modi moves ahead with the nation’s most high profile asset sale in decades. The government will sell 76 percent of Air India Ltd., according to a document uploaded on the civil aviation ministry’s website …

Bloomberg China Southern Airlines Co., Asia’s biggest carrier by fleet size, said profit jumped to a record on the back of a stronger yuan and as the state-owned carrier focussed on profitable domestic routes. Net income rose 18 percent to 5.96 billion yuan ($950 million) in 2017 while revenue rose 11 percent to 127 billion yuan, the Guangzhou-based airline said …

Bloomberg JetBlue Airways Corp. flight attendants are turning in their trays and will begin using onboard carts as passengers call for faster snack and beverage service and more options. The shift on all JetBlue aircraft should cut service time by more than half, said Doug McGraw, a spokesman for the airline. Moving to carts will also enable the New York-based …

Bloomberg Chinese courier company SF Holding Co. says it’s won a license to operate drones, opening up a new potential frontier for package delivery in the world’s second-largest economy. SF, the nation’s largest listed courier provider by market value, said that one of its units was granted China’s first ever drone operation license and that the firm was now legally …

Bloomberg Nestle SA plans to begin selling slimmed-down Milkybar chocolates in the UK and Ireland in the first implementation of a new technology that promises the same sweetness with 30 percent less sugar. The Swiss food giant said a new version of the candy bars will be available on store shelves next week. It’s introducing them in markets where government …

Dubai / Emirates Business The growth of UAE’s retail industry continues to pick up the pace, drawing momentum from the impressive expansion of the local retail real estate landscape. Based on the latest A.T. Kearney Global Retail Development Index, an annual study that ranks the top-30 developing countries for expansion worldwide, UAE’s ranking improved by two notches in 2017 to …

Bloomberg A rebound in global stocks showed signs of fading in the US, with equities little changed after the best rally in two-and-a-half years. The S&P 500 Index fluctuated after European and Asian equities rallied to catch up with march 26’s surge in the US, spurred by speculation the world will avoid an all-out trade war. The dollar strengthened on …

Reuters Saudi Arabia’s stock market climbed to a 31-month high on Tuesday, once again outperforming the rest of the region in anticipation of a positive decision by FTSE on Wednesday to include the kingdom in its secondary emerging markets index. The Saudi index rose 1.1 percent, bringing its gain so far this year to 9.9 percent. A positive decision by …

Bloomberg Oil traded above $65 a barrel as global trade tensions showed signs of easing, countering concerns that US crude stockpiles may have resumed their expansion last week. Futures in New York rose 0.3 percent, remaining near the year’s highest close set in January at $66.14. A resurgence in risk appetite has helped lift markets from equities to commodities after …