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Bloomberg British Airways unveiled the business-class seat it’s counting on to fend off Virgin Atlantic Airways Ltd and other rivals in markets including London-to-New York, the world’s most lucrative route for corporate travel. The “Club Suite” will transform into a flat bed, a feature now standard after BA introduced it in the 1990s, but will also come with a door, ...

Bloomberg General Electric Co. will burn as much as $2 billion of cash this year as the manufacturer tries to repair its balance sheet and put its reeling power business back on stable ground. Free cash flow from the company’s industrial businesses will decline in 2019 as restructuring costs hit at least $2.4 billion, GE said in a presentation detailing ...

Bloomberg Investor confidence in Germany’s growth outlook improved for a fifth straight month as global risks subsided, suggesting Europe’s largest economy will shake off its weakness as the year progresses. A gauge measuring prospects for the next six months rose to minus 3.6 in March, the highest in a year, beating an estimate for a gain to minus 11. Despite ...

Bloomberg The former head of the United Auto Workers’ unit representing workers at Fiat Chrysler Automobiles NV department was charged by federal prosecutors in Detroit with conspiracy to violate the Labor Management Relations Act, becoming the highest-ranked union official yet caught up in the investigation. Norwood Jewell is the latest former UAW or company official charged by the US over ...

Bloomberg The UK labour market remained in robust health in the three months through January, despite a Brexit-induced slowdown in the overall economy. Employment hit a record high after the biggest jump in more than three years and underlying pay growth maintained its fastest pace in more than a decade as companies struggled to fill vacancies, Office for National Statistics ...

Bloomberg Vale SA’s shares declined as the world’s biggest iron ore producer faced continued backlash from Brazilian authorities after a deadly mining accident in January. Rio de Janeiro-based Vale was ordered on March 15 to shut its Timbopeba mine in Minas Gerais state, which produces 12.8 million tons of iron ore per year, due to safety concerns. A court ordered ...

Bloomberg Big companies often leave their suppliers hanging for weeks without pay, but Vodafone Group Plc is taking this a step further: it’s investing in a fund that makes money off the delay. The British phone operator poured 1 billion euros ($1.1 billion) into the 2.4 billion-euro fund run by beleaguered Swiss asset manager GAM Holding AG, which generates returns ...

Those of us who have always thought that Brexit — Britain’s withdrawal from the European Union — was a bad idea should be feeling self-satisfied and vindicated now. Well, we’re not; at least this observer isn’t. The reason is obvious. Many of the things that we feared would happen have happened, or might still. Worse, the consequences aren’t confined to ...

Italy’s populist rulers are famous for their contradictory positions. They’re against bailing out banks, but also oppose bailing in investors. They want to cut taxes, increase spending, but also want to keep public debt in check. They are in favour of infrastructure projects, but cannot make up their mind on whether a high-speed train link to France should go ahead. ...

The dirty money scandal engulfing Europe’s post-crisis banking champions is leading to a lot of finger-pointing inside the bloc. The EU’s bank supervisors are investigating possible regulatory failures at the national level, but national supervisors are pushing back. The latest evidence of local muscle-flexing comes from the Italian central bank, which has asked ING Groep NV to stop taking on ...