Bloomberg The European Union’s top court backed EU guidelines designed to prevent taxpayers from footing the bill for bailing out stricken lenders, strengthening the hand of Brussels regulators as Italy fights to shield some bondholders caught up in the nation’s banking crisis. Tuesday’s decision is a show of support for the European Commission, which updated its crisis rules for …

  Bloomberg United Continental Holdings Inc.’s second-quarter profit exceeded analysts’ estimates as lower fuel and operating costs overcame weak fares. Adjusted earnings of $2.61 a share beat the $2.56 average of analyst estimates. United said that it plans to trim growth for 2016 and now sees full-year capacity increasing no more than 1.5 percent from last year, compared with the …

  Bloomberg With stores from near the Arctic to the foothills of the Caucasus Mountains, Magnit PJSC would be the first to know when the Russian consumer is back. Instead, the nation’s largest supermarket chain has just come across something it’s never seen. Billionaire Sergey Galitskiy’s retailer, which operates almost 13,000 outlets in Russia, said the average purchase has fallen …

  Bloomberg Spotify, a digital music service provider, is tailoring its service for local tastes, from topical playlists to tiered pricing, as it prepares to expand its music streaming in Asia market. That strategy includes beefing up content such as Korean pop music popular in Southeast Asia and offering different payment methods in markets where credit cards are rare, said …

  RIO DE JANEIRO / AP New, stricter security checks were implemented in Brazilian airports this week, stalling travellers and delaying flights less than three weeks before Rio de Janeiro hosts the Olympics. Starting early morning, long, chaotic lines formed at Congonhas regional airport in Brazil’s biggest city, Sao Paulo. Within a half-hour, more than 700 people were waiting on the …

  London / AP China and Russia are making their presence felt in the multibillion-dollar aviation market. With demand for single-aisle aircraft expected to grow for years to come, particularly from Asia, some experts think the new firms have a real chance at cracking the market, especially if they have the backing of their national governments. But it won’t be easy …

  Bloomberg On a campus in southern India, Kiran Sharma and his team of biologists are perfecting a recipe that may solve the nation’s inflation woes. Sharma for six years has been testing a new variety of pigeon pea, a 3,000-year-old indigenous crop used to make dal, a staple of the diet in India. By adding a gene to the …

  Guadalupe Gonzalez / TNS As an entrepreneur, you know better than most that time is finite. When you are not working on your business, you are probably spending your free time with loved ones, hatching the next big idea, exercising, or getting some well-deserved rest. So if you could use a tool to help you focus or get more …

  Our Correspondent EMIRATES BUSINESS Electrolux is a global leader in home appliances, based on deep consumer insight and developed in close collaboration with professional users. The company offer thoughtfully designed, innovative and sustainable solutions for households and businesses, with products such as refrigerators, dishwashers, washing machines, cookers, vacuum cleaners, air conditioners and small domestic appliances. Under esteemed brands including …

  Our Correspondent EMIRATES BUSINESS Nissan Motor Co, Ltd announced that the new Serena, will come equipped with the company’s ProPILOT autonomous drive technology, offering convenience and peace of mind during highway mobility. ProPILOT ProPILOT is a revolutionary autonomous drive technology designed for highway use in single-lane traffic. Nissan is the first Japanese automaker to introduce a combination of steering, …