London / AFP Britain’s biggest retailer, supermarket group Tesco, said it was selling its Turkish business as its international arm focuses on its operations in Central Europe and Southeast Asia. Tesco, which is slowly turning around its performance after a record annual loss in 2014/15, said in a statement it was offloading also its mainly British restaurant chain, Giraffe, ...

  La Paz / AFP Latam Airlines Group SA, the biggest carrier in South America, said a slump in Brazilian traffic means it’s likely to cancel or delay some of the 53 wide-body jet orders placed by constituent units before a 2012 merger. Latam is reviewing some of the 27 Airbus Group SE A350s going to Sao Paulo-based TAM and ...

  Washington / Bloomberg JetBlue Airways Corp. cut its planned growth for this year, grappling with disappointing results for a key measure of revenue just as fuel prices threaten to crimp profit. The airline said it will increase flight and seat capacity between 8 percent and 9.5 percent this year, down from previous plans of as much as 10.5 percent ...

  NEW DELHI / Tribune News Service The aviation ministry has decided to shelve a proposal to raise the foreign investment limit in Indian airlines to 74%. Foreign airlines are currently allowed to own as much as 49% in a local airline. The proposal to raise the foreign investment limit was part of the draft civil aviation policy, which is ...

  Bloomberg Asking Apple Inc’s voice-activated assistant, Siri, what the company plans to unveil at its Worldwide Developers Conference next week elicits the response, “If I told you, they’d probably make me sit through product security again.” Witty, perhaps, but Siri will have to supply more satisfying answers if it’s going to convince customers, developers and investors that Apple is ...

  Relaxnews Motorola’s high-end Moto Z line is doing away with the traditional headphone jack, anticipating the superior quality of USB-C connectors in personal, portable audio. Wafer-thin USB-C connections are capable of carrying higher quality signals, and a lot more besides: they can transmit video and power as well, representing a convergence in cable technology. The 2015 Apple MacBook and ...

  AFP Tens of millions of stolen Twitter credentials evidently lifted from web browser programmes were put up for sale online, according to a search engine devoted to leaked data. Twitter was adamant that its computer systems had not been broken into by hackers, and that it was not the source of any account information being hawked on the Internet. ...

  AFP Chinese computer titan Lenovo showcased a series of new smartphones, including a keenly-awaited Tango handset and new Moto Z models that can be transformed into video projectors or powerful speakers. A market-ready PHAB2 Pro smartphone imbued with Google-created Tango augmented reality technology was given star treatment at a Lenovo Tech World gathering in San Francisco. PHAB2 can sense ...

Bloomberg Treasuries logged their biggest two-week gain since February as traders wagered that the Federal Reserve will forgo raising interest rates for months to come. Benchmark yields sank to the lowest since 2013, driven by investors seeking shelter in government debt amid global growth concerns and the threat of instability when the U.K. votes June 23 on membership in the ...

  Mexico / AFP In a historic first, Mexico’s struggling state-run Pemex energy company will team up with private firms for a deep-water oil project, officials said. Pemex will “farm out” the $11 billion Trion field in the Gulf of Mexico, which has potentially 480 million barrels of light crude, said company director general Jose Antonio Gonzalez Anaya. President Enrique ...