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Amazon’s Whole Foods starts to steal trader Joe’s shoppers

Bloomberg When Amazon.com Inc. bought Whole Foods last year, investors panicked and dumped shares in Kroger, Sprouts Farmers Market and even Walmart. The fear was that the e-commerce leviathan would disrupt yet another industry. Since then, the concerns have subsided as investors and analysts came to recognise that it will be years before Amazon becomes a major player in the ...

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JetBlue hikes fees for checked bags

Bloomberg JetBlue Airways Corp., which for years let passengers check luggage at no charge, became the first major US carrier to bump the fee for a first checked bag to $30. The $5 increase is effective for trips booked started on Monday. JetBlue also raised the charge for a second checked bag by $5 to $40 and for a third ...

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Ryanair seals first labour deal with Italian pilots

Bloomberg Ryanair Holdings Plc signed its first-ever union contract, granting Italian pilots perks such as severance pay in a deal the airline hopes to repeat across its network to contain a protracted labor dispute. The deal commits Ryanair to making contributions to national health care and social-security funds as well as paternity rights, the Italian pilots union ANPAC said in ...

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Asia-Pacific airlines need more pilots, crew

Bloomberg Asia-Pacific airlines will need to add the greatest number of pilots, technicians and cabin crew over the next two decades as economic growth spurs travel demand. The region will require 240,000 more commercial-aircraft pilots, 242,000 technicians and 317,000 cabin crew from 2018 to 2037, making up more than one-third of the global total, according to a forecast by Boeing ...

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Bank of Nova Scotia’s Jarislowsky deal lifts Canada profit to record

Bloomberg Bank of Nova Scotia’s purchase of Jarislowsky Fraser is already paying off. The acquisition of the Montreal-based money manager, along with improved margins and lower provisions, contributed to record Canadian banking profit in the fiscal third quarter, Scotiabank said. Earnings from domestic banking rose 8 percent to C$1.13 billion ($880 million) from a year earlier. The C$950 million purchase ...

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Singapore ‘dollar’ signals inflation battle

Bloomberg Singapore’s dollar is approaching the upper boundary of its trading band as speculation mounts that the central bank will boost the exchange rate for a second time this year to combat inflation. The currency reached a record high against a basket of major trading partners’ currencies, based on HSBC Holdings Plc’s model of the Monetary Authority of Singapore’s managed ...

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Deutsche Bank Japan head Makoto Kuwahara leaves for Credit Suisse

Bloomberg Deutsche Bank AG’s Japan chief Makoto Kuwahara will leave the German lender after five years in charge of operations in the country, to join Credit Suisse Group AG. Kuwahara, who is also president of local unit Deutsche Securities Inc., is departing to pursue other interests, Deutsche Bank said in a statement. He will be replaced by Tamio Honma, head ...

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