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Bloomberg Kraft Heinz Co. is considering a sale of children’s milk drink brand Complan in India, which could fetch about $1 billion, people familiar with the matter said. Kraft Heinz is working with an adviser to gauge interest in the business, according to the people, who asked not to be identified because the matter isn’t public. The brand could attract …

Bloomberg Debenhams Plc plunged as much as 20 percent after the British department-store owner, struggling to compete with online rivals, cut its profit forecast for the third time this year and reined in spending on turnaround efforts. The latest warning deepens a UK retail crisis that has claimed longtime fixtures of the country’s shopping streets such as BHS and prompted …

Bloomberg Airbus SE is studying options to extend the range of its A321 narrowbody plane ahead of a decision by Boeing Co. on whether to push ahead with a competing model, according to a person familiar with the matter. The A321, which already has a long-range variant that can fly 4,000 nautical miles, could get additional fuel tanks that would …

Bloomberg After an attempt to play hard ball with defiant staff failed to end a bitter labour conflict, Air France is now trying a softer approach. The embattled carrier’s latest offer to workers: more rooms for rest breaks. At meetings with union representatives, who have called for a fresh round of strikes, management pledged to spend more to improve working …

Bloomberg American Airlines Group Inc. affiliate PSA Airlines expects more flight cancellations on Tuesday after scrubbing about 400 flights over the weekend as the regional carrier moves into its sixth day of problems with its crew-scheduling system. The technology issue arose on June 14 and has affected nearly 1,100 PSA flights to date, mainly in Charlotte, North Carolina, American spokeswoman …

DHALE / WAM Dhale Governorate celebrated the distribution of Eid clothing to the families of 1,225 martyrs, as per the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. During the launch of the distribution, which was held at the governorate’s headquarters, in the presence …

ِAbu Dhabi / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, and President of the Organisation of Petroleum Exporting Countries (OPEC) Conference for 2018, has expressed his optimism over regaining balance to the international oil market, thanks to the cooperation between the OPEC, and its partners. “Looking ahead, I remain optimistic that we will fulfil …

Bloomberg The oil industry’s ugliest battle is heading for a climax in Oklahoma City on Tuesday. But SandRidge Energy Inc is probably bound for the auction block anyway. Whether SandRidge or activist investor Carl Icahn wins control of the board this week, the oil and natural gas explorer is expected to sell some or all of its drilling rights as …

Bloomberg Siemens AG is committed to its gas-turbine unit while recognising that it has to reduce capacity and cost amid a market slowdown, according to a memo with instructions on how to respond to media inquiries about the future of the business. The memo was sent by Lisa Davis, managing board member responsible for the power and gas division, according …

Bloomberg President Donald Trump’s tariffs on $50 billion in Chinese imports include duties on components for wind turbines, nuclear reactors and batteries — but they are unlikely to cripple any of those industries. Less than 2 percent of wind turbines installed in the US since 2010 were imported from China, Stephen Munro, an analyst at Bloomberg New Energy Finance, said …