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Bloomberg Discount carrier Wizz Air Holdings Plc is considering using a new fleet of long-range narrow-body Airbus SE jets to launch flights from London to Dubai and even central Europe to India in a further challenge to network rivals. The 20 A321 XLR planes ordered will allow Wizz to broaden its footprint and beef up capacity on existing destinations, Chief …

Bloomberg German Efromovich, the ousted chairman of Bolivian airline Avianca, is eyeing a comeback via Italy. Efromovich wants to buy a stake in the bankrupt Italian flag-carrier Alitalia SpA, financial daily Il Sole 24 Ore reported, citing an interview. “We wrote a letter to Ferrovie dello Stato and the adviser Mediobanca two weeks ago saying we can purchase up to …

Bloomberg Taiwan’s Eva Airways Corp failed to come to terms with representatives of striking flight attendants, and will renegotiate with workers on Tuesday, a union said. The strike will continue until a collective agreement is signed, the union said in a statement posted on its Facebook page. Among the issues for negotiation that broke down was the carrier’s refusal to …

Bloomberg Online luxury reseller The RealReal Inc rose 45 percent in its first day of trading after a $300 million initial public offering. The RealReal’s shares, after rising as much as 50percent, closed up at $28.90 in New York trading, giving the company a market value of about $2.39 billion. The RealReal sold 15 million shares for $20 each after …

Bloomberg A small faction of officials at Forever 21 Inc has asked its biggest landlords if they’d consider taking a stake in the clothing retailer, as the company’s leadership battles internally about how to turn around the struggling store chain. The group, which didn’t have the backing of the company’s co-founder, talked to Simon Property Group Inc and Brookfield Property …

Bloomberg The US and China declared a truce in their trade war on Saturday, as Donald Trump said he would hold off imposing an additional $300 billion in tariffs and the world’s two largest economies agreed to resume negotiations. After a high-stakes meeting with Chinese President Xi Jinping, Trump told reporters that he also would delay restrictions against Huawei Technologies …

MINSK / WAM The UAE and Belarus signed a memorandum of understanding on cooperation in education in Minsk, reported Belarusian Telegraph Agency (BelTA). The document was signed by Belarus Education Minister Igor Karp-enko and UAE Minister of Education Hussain Al Hammadi. “The memorandum creates foundations for mutually beneficial cooperation between countries. We welcome ties between institutions of education, for example, …

Bloomberg Russian President Vladimir Putin struck a deal with Saudi Crown Prince Mohammed bin Salman to extend the Opec+ agreement at current production levels for the rest of this year and potentially into early 2020. Speaking at the Group of 20 summit in Japan, the Russian president said the extension of output cuts — which expire at the end of …

Bloomberg BlackRock Real Assets is aiming to boost its renewables power portfolio in Asia by as much as 10-fold as it seeks to keep pace with the world’s fastest-growing region for green energy. The unit of New York-based BlackRock Inc. plans to raise invested capital in Asia-Pacific renewables to around $3 billion to $5 billion, from $500 million now, over …

Bloomberg China’s policies to boost its fledgling hydrogen-powered auto industry are coming at just the right time for entrepreneur and former carmaker executive Wang Chaoyun. His startup, Anhui Mingtian Hydrogen Energy Technology Co, makes fuel-cell stacks for vehicles propelled by the element, which produces no emissions from the tailpipe. During Mingtian Hydrogen’s brief existence, the fuel-cell vehicle industry has received …