Bloomberg Fugitive Indian tycoon Vijay Mallya said there was “no loan diverted anywhere” and reporters could “keep dreaming” about allegations he committed a billion-dollar fraud as he waded through cameras outside a London court. Appearing on Tuesday at Westminster Magistrates’ Court for a hearing on his extradition after his April 18 arrest, Mallya was mobbed by questions from reporters, a …

Bloomberg Theresa May is under growing pressure to abandon her plan for a hard Brexit as she tries to stitch together a deal with Northern Ireland’s Democratic Unionists that will keep her Conservative Party in power. Two former Tory prime ministers broke cover to demand that May reassess her approach to leaving the European Union after she lost her parliamentary …

Bloomberg Leo Varadkar visited Galway last year, spending a day-and-a-half checking out state-sponsored jobs programs in the west of Ireland before heading to Eyre Square for a late-night snack. The 38-year-old social protection minister, who will be sworn in Wednesday as Ireland’s youngest-ever prime minister, was quickly mobbed by revellers enjoying hamburgers, recalls Peter Feeney, a local councilor accompanying Varadkar …

Bloomberg After more than 70 days of protests against President Nicolas Maduro, Venezuela’s bitter political standoff has burned down to a fiery core. Anti-government demonstrations once drew turnouts of over a million, but weeks of tear gas and water-cannon blasts have dissuaded casual protesters. Those who remain are more strident, more disruptive and more willing to confront security forces, who …

Bloomberg Emirates, hoping to shake off budget airlines coveting its long-distance customers, has set its sights on goggles. The Gulf carrier is studying ways to equip staff with augmented reality glasses that display a passenger’s name and travel habits, allowing more personalized service, Emirates’ Chief Digital and Innovation Officer Christoph Mueller said. Travellers may also be given eye-wear to help …

Sharjah / Emirates Business Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, announced that starting July 4, Hargeisa will be the newest African destination added to its growing international network. Air Arabia marked its entry into the African market in 2004, and currently serves six destinations across Egypt, Sudan and Kenya from its main hub …

Bloomberg Don’t expect to see Tim Hortons doughnuts showing up at a Burger King anytime soon. Restaurant Brands International Inc. — the fast-food empire that owns Burger King, Tim Hortons and now Popeyes Louisiana Kitchen — plans to keep the divisions separate, with no mixing of menu items. Despite Restaurants Brands’ reputation for scooping up businesses and squeezing costs, it …

Bloomberg Boeing Co.’s defense business is shedding about 50 executive positions, eliminating a layer of management and expanding the operational role of the division’s boss, Leanne Caret. Starting July 1, the $29.5 billion defense unit’s main businesses — Boeing Military Aircraft and Network & Space Systems– will split into smaller entities reporting directly to Caret, the company said in a …

Bloomberg Christian Dior SE Chief Executive Officer Sidney Toledano is optimistic the European economy will do better in the coming years, especially with recently elected French President Emmanuel Macron’s promises to reform labor market regulations. “We have a new president — I think this will be very positive for the economy,” said Toledano in an interview with Bloomberg TV in …

Bloomberg New oil supplies from OPEC’s rivals will be more than enough to meet growth in demand next year, the International Energy Agency said in its first forecast for 2018, an indication the cartel may need to extend production cuts further. The US, Brazil, Canada and other producers outside the Organization of Petroleum Exporting Countries will increase output next year …