Bloomberg United Continental Holdings Inc. is looking to create a more varied economy class with offerings for budget travellers, bigger spenders and those in between. The airline will begin selling its ‘basic economy’ fare in January, wooing passengers who want the cheapest tickets and are willing to forgo most other privileges. Those fliers will board last and won’t be ...

  Bloomberg United Continental Holdings Inc. will defer delivery of 61 of Boeing Co.’s smallest passenger jets as the airline seeks to close its profit gap with Delta Air Lines Inc. and American Airlines Group Inc. United plans to convert the order to the larger, newer Boeing 737 Max to be delivered at an undetermined date, slowing near-term capacity growth ...

  Bloomberg Hugo Boss AG said it won’t return to growth until 2018 as Chief Executive Officer Mark Langer embarks on a turnaround plan for the ailing German fashion house that includes eliminating brands, slowing down store expansion and selling more online. The retailer said 2017 will be a transition year as it reorganizes its wholesale unit that sells to ...

  Bloomberg Here’s one area where Wal-Mart Stores Inc. is handily beating Amazon.com Inc.: telling shoppers what ingredients are in the products they’re buying. That’s the conclusion of a scorecard that ranks major retailers’ policies on harmful chemicals. Wal-Mart holds the top spot, followed by Target Corp. Amazon occupies last place in the study, which is scheduled to be released ...

  San Francisco / AFP German-based hotel booking site trivago, controlled by US online travel giant Expedia, filed for a public share offering in New York. The firm founded in 2005 which aims to connect travellers to hotels at the lowest rate is used for booking at 1.3 million hotels in over 190 countries, and has 55 localized websites and ...

  Bloomberg OPEC and Russia will meet in Doha on Thursday for another round of talks without ministers from Iran and Iraq, the two countries that pose the biggest obstacle to a deal to cut production. Members of the Organization of Petroleum Exporting Countries are “all hands on deck” to reach an agreement by the group’s Nov. 30 meeting in ...

  Paris / AFP The lack of investment in new oil projects risks creating a new market upheaval in several years, the International Energy Agency warned on Wednesday. “We estimate that, if new project approvals remain low for a third year in a row in 2017, then it becomes increasingly unlikely that demand… and supply can be matched in the ...

  Riyadh / AFP As Saudi Arabia seeks to diversify its oil-dependent economy, the chief of a Red Sea “megacity” says his project is pointing the way forward. A decade after its conception, the King Abdullah Economic City — an integrated industrial, residential and tourism centre — is profitable and in line with a government push which intensified this year ...

  Bloomberg OPEC’s Libya plans to almost double crude production next year even as the producer group tries to implement a deal to trim production and ease a global supply glut. The country with Africa’s largest crude reserves currently produces 600,000 barrels a day, state-run National Oil Corp. Chairman Mustafa Sanalla said in a statement posted on the company’s website. ...

  Kuwait City / AFP Kuwait must enact further subsidy reforms to trim its budget deficit resulting from low oil prices despite political sensitivity, the International Monetary Fund has said. Posting its first budget shortfall of $15 billion last fiscal year following 16 years of surpluses, OPEC member Kuwait has adopted a series of austerity measures raising the prices of ...