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Bloomberg Rolls-Royce Holdings Plc’s cash outflow ballooned in the first half as a bottleneck in plane deliveries at Airbus SE and Boeing Co reduced engine revenue and stockpiling for a no-deal Brexit led to a buildup of parts. Europe’s biggest jet-engine maker posted negative underlying free cash flow of $522 million for the six months, almost six times the level …

NEW DELHI / WAM The major airport in the Indian capital will be equipped to handle 100 million passengers per annum (MPPA) in the next three years, ANI reported. The expansion works of Indira Gandhi International (IGI) Airport will also enhance the airside capacity to handle 140 MPPA. In the last decade, the Air Traffic Movements and passenger numbers have …

Bloomberg Marks & Spencer Group Plc investors are increasingly pessimistic about the UK retailer after it announced a joint venture with tech startup Ocado Group Plc to deliver grocery orders in the UK and boost its food business. M&S shares have fallen 34 percent since the company said that it will finance the deal with a rights offer and dividend …

Bloomberg Heathrow management made an eleventh-hour offer to a union representing thousands of ground staff, leading to the suspension of a planned strike on Tuesday which would have disrupted flights at Europe’s busiest airport. The Unite labour group will take the improved offer to members for a vote and hold off on plans for a walkout, according to a statement …

Bloomberg Tesco plans to cut 4,500 jobs as the supermarket operator slims down hundreds of stores and adds to the mounting toll on employment in UK shopping districts. Britain’s biggest retailer said it will streamline operations at its 153 medium-size Metro stores in city centers, while reducing opening hours at 134 Express convenience stores. The moves announced come on top …

Bloomberg American Airlines Group Inc and Southwest Airlines Co are trumpeting new efforts to cater to lucrative business travellers. Southwest, which pioneered a discount strategy aimed at budget flyers, will give corporate travel managers greater control over bookings. American is wooing them with free preferred seats and priority access through security checkpoints. The moves, announced at the Global Business Travel …

SHABWA/ WAM The United Arab Emirates through its humanitarian arm — the Emirates Red Crescent (ERC) — has provided relief aid to people affected by heavy floods in Merkhah As Sufla District in Shabwa, Yemen. The ERC team distributed 800 food baskets to 4,720 citizens and provided shelter camps for Yemenis whose homes were damaged by the floods. The move …

Bloomberg Oil slid as escalating trade tensions between the US and China prompted investors across financial markets to flee risk assets, though West Texas Intermediate pared losses after a report signaled an inventory drop at America’s main storage hub. Futures fell in London and New York after posting a loss last week. The dispute between the top major economies is …

Bloomberg US equity futures slumped with European stocks on Monday, tracking a sell-off across Asia after China struck back in its trade dispute with America and let its currency weaken through a milestone level. Treasuries led a global bond rally as investors dashed to safer assets. S&P 500 Index futures slumped as much as 1.5 percent, while declines in mining, …

Bloomberg Hong Kong equities are rapidly turning into a losing bet as economic woes and escalating street protests hammer sentiment. The MSCI Hong Kong Index closed down 3.2 percent on Monday in a ninth day of declines, matching the longest streak since the 1997 handover. Landlords and retail stocks once again bore the brunt of the selling as protesters sought …