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Bloomberg Telenor ASA, Norway’s state owned carrier and biggest operator in the Nordic region, slid as much as 4.4 percent after its earnings dropped in the second quarter and it cut its full-year outlook amid increased competition in its key markets. The company posted earnings before interest depreciation and amortisation of 11.1 billion kroner ($1.3 billion), missing an estimate of ...

Bloomberg Amazon.com Inc is to be investigated by the European Union as the bloc’s antitrust chief Margrethe Vestager prepares for a summer finale to her five-year crackdown on US technology giants. The Dane, who heads the EU’s competition division, is poised to open a formal investigation into Amazon within days, according to two people familiar with the case, who asked ...

Bloomberg UK wages grew at the fastest pace in 11 years in the three months through May and unemployment remained at its lowest rate since the mid-1970s. Average earnings excluding bonuses rose 3.6 percent, the Office for National Statistics said on Tuesday. The number of people in work rose 28,000 to a record high, leaving the jobless rate at a ...

Bloomberg Jaguar Land Rover Automotive Plc won a 500 million-pound ($626 million) loan guarantee from the UK government, just over a week after announcing a new range of electrified cars will be made at a plant in central England. The guarantee to JLR by the UK Export Finance agency was granted to support the design, manufacture and export of electric ...

Bloomberg The extended grounding of Boeing Co’s Max plane forced Ryanair Holdings Plc to scale back growth plans for next summer, putting the airline industry on notice the crisis is starting to affect longer-term plans. With a return date for the Max still uncertain after two fatal crashes, Ryanair is likely to receive barely half of the 58 planes it ...

Bloomberg India is considering inviting expressions of interest to sell Air India Ltd by the end of next month as the government aims to complete the transaction this year, people with knowledge of the matter said. The government will conduct roadshows as well as be open to meet prospective buyers even before the expressions of interest are sought, the people ...

Bloomberg A key airline route between Europe and Asia re-opened on Tuesday, almost five months after Pakistan shut its airspace in the wake of military escalations with India. Pakistan closed its entire airspace in February after the Indian Air Force said it struck what it described as a terror camp — an allegation Pakistan denies — inside the boundaries of ...

Bloomberg Billionaire Lucio Tan will be the interim president of his Philippine Airlines Inc after the retirement of its long-time head. Tan will serve as president immediately, according to his daughter Vivienne Tan, in an emailed reply to Bloomberg News’ request for confirmation that the tycoon who’s been the airline’s chairman will serve on a concurrent capacity. Vivienne, executive vice ...

Bloomberg Airlines have for years been embarrassed by photographs and videos taken by disgruntled passengers with smartphones and posted on social media. Indonesia’s national carrier is fighting back. PT Garuda Indonesia issued a directive asking passengers not to take snaps or record footage inside the cabin. Days earlier, a business-class customer’s video blog had shown Garuda flight crew handing out ...

Bloomberg Amazon’s Prime Day gives shoppers an opportunity to flex their deal-spotting muscles ahead of Black Friday. It also gives package thieves their own chance to warm up. Although the weeks between Thanksgiving and Christmas see far more parcel deliveries—and therefore, more brazen from-the-stoop thefts, Prime Day’s limited 48-hour window creates a concentrated opening for “porch pirates” to make their ...