Bloomberg A Texas jury hit Toyota with a $242 million verdict after finding that defects in the front seats of a 2002 Lexus ES300 caused serious injuries to a Dallas family’s two young children during a rear-end collision in 2016. The jury in state court in Dallas awarded $144 million in punitive damages after finding Toyota Motor Corp. and Toyota ...

Bloomberg The worst floods in a century in India’s southern state of Kerala have killed 324 people, caused $2.8 billion in damage and left more than 220,000 homeless since start of the monsoon season in June as the armed forces and rescue teams try to evacuate low-lying areas in which others are still stranded. One of the country’s top tourist ...

Bloomberg The US Justice Department reiterated it wasn’t involved in turning over Low Taek Jho’s $250 million super yacht to Malaysia from Indonesia as the fugitive financier vowed not to submit to any jurisdiction where his guilt had been predetermined. Federal prosecutors said their only part in the yacht’s handover was to advise the crew members of the “Equanimity” to ...

Bloomberg Amazon’s country manager for India has proposed a radical idea: Log off; get a life. In an email to his team earlier this month, Amit Agarwal counselled colleagues to stop responding to emails or work calls between 6 pm and 8 am in the interest of “work-life harmony.” He also talked about the importance of work discipline and how ...

Bloomberg Walmart Inc. bounced back from a lackluster start to the year with the strongest sales gain in more than a decade fueled by its grocery business, brightening the outlook for the overall retail sector. The stock jumped as much as 11 percent, the most intraday since October 2008. Comparable sales at US Walmart stores rose 4.5 percent in the ...

Bloomberg The head of Boeing Co.’s 737 jetliner programme and site manager for the Seattle-area factory where the popular narrow-body plane is manufactured will retire at the end of the year. Scott Campbell is stepping down after three decades at Boeing, a career that encompassed all of the company’s current commercial aircraft product lines. He’ll be replaced by Eric Lindblad, ...

Bloomberg Air Canada has a succession gap now that its No. 2 executive is leaving to run Europe’s largest airline. But the Canadian carrier has a deep management bench that will minimise disruption, say Cowen & Co. and RBC Capital Markets. Chief Operating Officer Ben Smith will leave Air Canada on August 31 to take charge at Air France-KLM, the ...

Bloomberg Labour unions are lobbying shareholders at strike-ravaged Ryanair Holdings Plc to pressure the airline into abandoning a business model they say is based on browbeating staff to keep down costs. Other discount carriers manage to turn a profit while maintaining a healthy working environment, the Belgian, Portuguese, Spanish and Italian unions said to investors, adding that Ryanair has been ...

Bloomberg Kroger Co. is bringing self-driving grocery delivery to Arizona. The largest grocery chain in the US will start delivering groceries in autonomous-capable Toyota Prius cars at a Fry’s Food Stores location it owns in Scottsdale. To start, there will be a driver in the vehicle, though the second phase of the test — slated to begin late next month ...

ABU DHABI / WAM Responding to urgent international appeals, the Emirates Red Crescent (ERC) has provided shelters, tents, covers and food to those stricken by the floods that hit many provinces in Eastern Sudan and Kerala, India, as well as those affected by the earthquake that catapulted the province of Lombok, Indonesia. The ERC’s rapid humanitarian and rescue response aims ...