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  Bloomberg Amazon.com Inc is beginning air freight services in India, expanding in Asia even as global online sales growth stalls following a pandemic-era boom. The e-commerce retail giant will use cargo capacity in a Boeing 737-800 aircraft operated by partner Quikjet Cargo Airlines Pvt to begin shipments in Hyderabad, Bangalore, New Delhi and Mumbai, said Akhil Saxena, a vice ...

  Bloomberg Canadian consumers remained resilient in December, even in the face of elevated inflation and rising interest rates. Receipts for retailers jumped 0.5% last month, according to an advance estimate released by Statistics Canada. That follows a 0.1% drop in November, which was led by lower sales of food and beverages, as well as building material and garden supplies. ...

  Bloomberg UK retail sales fell unexpectedly last month, finishing the worst year on record as a brutal cost-of-living squeeze pointed towards more pain ahead for the economy. A 6.1% drop in the volume of goods purchased in shops and online reported by the Office for National Statistics (ONS) was the sharpest since records started in 1989. A separate report ...

  Bloomberg London’s Heathrow airport was forced to cancel some departures on Monday amid thick fog and freezing temperatures. There may be “minor changes” to schedule as a result of poor visibility at the airport as well as across the southeast of England, a Heathrow spokesperson said. Airlines are working to rebook passengers on alternative services later in the day, ...

  Bloomberg Ryanair Holdings Plc said it will hire an additional 200 cabin crew in Ireland as it gears up for a surge in demand this summer. The Irish low-cost carrier, which has been touting extremely strong demand for travel this summer, said that it will organize a mass recruitment event this month at its headquarters near Dublin. Ryanair has ...

Bloomberg Germany is still years from substituting Russian pipeline gas imports with liquefied natural gas (LNG) capacities, according to estimates by the country’s Economy Ministry. Chancellor Olaf Scholz told Bloomberg last week that the country had learned its lesson from being too dependent on Russia. The goal now was to build capacity that gives Germany the chance to have as ...

  Bloomberg BHP Group struck a deal to look for copper in Serbia as the world’s biggest mining company expands efforts to find new deposits of the metal essential for the green revolution. The top miners are bullish on the outlook for copper, which is used in wind turbines, grids and electric vehicles. And with demand expected to outstrip supply, ...

  Bloomberg Turmoil at trophy properties in London and Frankfurt offer a glimpse of the damage awaiting European real estate investors as they face the sharpest reversal on record. From a fraught refinancing process for an office building in the City of London to the strained sale of the Commerzbank Tower in Germany’s financial hub, investors are scrambling to find ...

  Bloomberg A new survey of business economists suggests US job market conditions are beginning to soften, with firms indicating an easing of labor shortages and a pullback in hiring expectations. A National Association for Business Economics survey showed about a third of respondents say their firms are not facing any labor shortages, and nearly 20% expect employment at their ...

  Bloomberg Germany’s antitrust regulator opened an investigation into PayPal Holdings Inc. over potential obstruction of competitors and restriction of price competition The Federal Cartel Office is looking at PayPal’s user terms that block business from offering products at lower prices if their customers chose other payment services. The regulator will also look at how the company bans sellers from ...