Bloomberg Japan’s biggest bank is set to undergo the most dramatic reduction in headcount since it was formed after the nation’s banking crisis shook the industry almost 20 years ago. Mitsubishi UFJ Financial Group Inc. is considering eliminating about 10,000 positions — about 7 percent of its workforce — over a decade as low interest rates and intensifying competition squeeze …

Bloomberg Malaysia Airlines Bhd. has held discussions with Airbus SE about the purchase of A330neo wide-body jets but has so far been unable to agree a price for the planes. The carrier is also seeking clarity regarding other aspects of the transaction, including delivery schedules, Chief Executive Officer Peter Bellew said in an interview. There’s no likelihood of an order …

Bloomberg Wal-Mart Stores Inc. announced its long-awaited acquisition of online clothing seller Bonobos Inc., just in time to have Amazon.com Inc. steal the spotlight with its own deal. Wal-Mart will pay $310 million in cash for the apparel upstart, which focuses on fitted clothing for men. Andy Dunn, Bonobos’s founder and chief executive officer, will continue to oversee the brand …

Bloomberg Ryanair Holdings Plc is evaluating ordering bigger versions of Boeing Co.’s 737 single-aisle workhorse in a move aimed at boosting capacity on its longest routes, which could put additional pressure on rivals. Europe’s largest discount airline is examining the business case for both the 737 Max 9 and Max 10, Chief Marketing Officer Kenny Jacobs said in an interview …

Bloomberg Airline passengers may soon be able to put away their IDs and boarding passes at screening lines as the Transportation Security Administration begins an experiment to use fingerprints to ensure people’s identities. Passengers who are enrolled in PreCheck, the TSA program that gives travelers expedited screening, will be able to use their fingerprints at Atlanta’s Hartsfield-Jackson International and Denver …

Bloomberg It took about nine months for Cathay Pacific Airways Ltd. to win its first buy rating from an analyst. When the upgrade came, it was because of the airline’s cargo operations, not its five-star-rated passenger business. Jefferies Group LLC raised the rating on Cathay’s stock to buy this month, citing signs of a pullback in capacity expansion and improved …

DUBAI / WAM A UAE official delegation, headed by the Telecommunications Regulatory Authority (TRA) has concluded its participation in the World Summit on the Information Society (WSIS) Forum. The forum was held at the International Telecommunication Union headquarters in Geneva, from June 13-16. During the forum the Khalifa Students Empowerment Programme ‘Aqdar’ won the WSIS Prize for ‘E-Safe School Online …

DUBAI / Emirates Business Musafir.com, the UAE’s first home grown, premium-experience travel website, has signed a new regional GCC agreement with Amadeus, a leading technology partner in the global travel industry, to further enhance its e-commerce offering. The agreement will see Amadeus provide Musafir.com with its industry-leading business intelligence technologies.

Dubai / Emirates Business Saudi Arabia has a pipeline of over $250bn worth of projects under development that have not yet seen their main construction contracts awarded, according to Saudi Arabia 2017: Delivering Vision 2030, a new report from business intelligence service MEED. According to the report, Saudi Arabia’s pipeline of unawarded projects accounts for about 39 per cent of …

DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chairman of Emirates Group and Chairman of the Dubai Supreme Council of Energy, chaired the Supreme Council’s 46th meeting, attended by Saeed Mohammed Al Tayer, Vice Chairman of the Supreme Council of Energy. During the meeting, the council reviewed the strategic projects, initiatives and …