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  Bloomberg Paytm, India’s leading digital payments brand, posted a wider second-quarter loss after it spent more to grow its business. The net loss in the July-September period swelled to 5.71 billion rupees ($69.7 million) from 4.73 billion rupees a year earlier, the company said on Monday. Revenue rose 76% to 19.14 billion rupees, while total costs increased 60% to ...

  Bloomberg Five new fine-dining restaurants in Thailand have won the prestigious Michelin star ratings, adding to the Southeast Asian nation’s gastronomic appeal that may help cement a post-pandemic tourism recovery. Potong, which serves Thai-Chinese cuisine from a shop house that was once a pharmacy in Bangkok’s China town, and contemporary Thai restaurant Baan Tepa were among the five winners ...

Bloomberg Qantas Airways Ltd. upgraded profit expectations for the final six months of 2022 just weeks after its initial forecast, highlighting the intensity of a demand rebound that has sent fares soaring. The airline’s shares jumped. The Australian airline said it expects underlying profit before tax in the period of between A$1.35 billion ($900 million) and A$1.45 billion. That’s A$150 ...

  Bloomberg The airline industry remains likely to return to profit next year, with high employment levels and growth in key economies sustaining demand even as household bills spiral, the head of its main lobby group said. Carriers should achieve positive earnings in 2023 for the first time since 2019, before the coronavirus pandemic roiled global travel, International Air Transport ...

  Bloomberg Xiaomi Corp.’s quarterly revenue falls almost 10% as it battled a slumping global smartphone market and weak consumer demand at home. Sales of mobile devices fall 11%, leading declines across business divisions encompassing smart electronics and internet services. The Beijing-based company logged sales of 70.5 billion yuan ($9.9 billion), slightly above estimates. But it posted a surprise net ...

  Bloomberg Amazon.com Inc. spooked investors last month when it predicted the slowest holiday season growth in its history. Now there are signs—albeit tentative—that the world’s largest e-commerce company could have a somewhat merrier Christmas than anticipated. Inflation has eased in recent weeks and, according to survey results released Sunday by Jefferies Financial Group, US consumers see prices moderating in ...

  Bloomberg Airlines need to adopt more robust pilot training to prevent accidents when pilots must manually take over during emergencies or are confused by automated flight systems, US regulators said. The Federal Aviation Administration (FAA) published what is known as an advisory circular on its website with extensive new training guidelines for carriers and other commercial aviation operators in ...

  Bloomberg Alessandro Michele, the creative director who turned Gucci into a hit brand with younger generations, is leaving the Italian label. Kering SA, which owns the brand, announced Michele is stepping down in a statement. Gucci’s design office will oversee the label’s direction until a new creative organisation is announced, the company said. Michele, 49, helped turn the Florence, ...

Bloomberg Anwar Ibrahim, the almost man of Malaysian politics, finally clinched the country’s premiership after decades of waiting. Now, the reformist leader must make sure that he keeps the job. That won’t be easy in a nation that’s now had four prime ministers in four years. Former finance chief Anwar is likely to control an unstable majority and his administration ...

  Bloomberg The government in Warsaw asked Germany to send Patriot missiles to western Ukraine instead of Poland after another series of Russian attacks forced emergency blackouts amid below-zero temperatures. Germany made the offer to station surface-to-air Patriots in Poland less than a week after a missile strike killed two people in a village close to the border with Ukraine, ...