Zim bail-out approved by narrow vote

Shareholders in the owner of one of the world’s fastest-growing shipping lines came within a handful of votes of rejecting the plan for the company, voting figures from a meeting show

• Crisis hits banks’ ship loans in Asia
• Freight crisis raises fears of empty shelves

Cabin crew lose staffing challenge

The union representing British Airways cabin crew failed to win a court injunction to block planned changes to work practices due to start this month

Postal strikes off until new year

No more walkouts until at least the new year, bringing relief to businesses and customers in the run-up to Christmas

Lex: Transurban

Public equity markets no longer see the point of listed infrastructure companies, which multiplied in the years leading up the crunch

Transurban spurns A$6.8bn Canadian bid

Transurban, owner of toll roads in Australia and the US, said it had rejected a A$6.8bn takeover proposal from two Canadian pension schemes because it undervalued the group

Go-Ahead steps into US school bus market

The bus and rail operator has formed a joint venture to win yellow school bus contracts in North America, marking its first significant foray outside the UK

Crisis hits banks’ ship loans in Asia

Half the institutions that provide shipping finance in the region have pulled out because of the global financial turmoil, highlighting the dramatic slowdown in credit availability for the sector

TfL seeks review on PPF levy

Transport for London, the mass transit operator, will seek the first judicial review of a premium levied by the Pension Protection Fund, with the outcome set to be watched by other employers