Air Canada and a group of financial institutions have clinched a C$2.35bn ($1.8bn) deal to acquire the Aeroplan rewards business from data analytics company Aimia, more than a decade after the loyalty programme was spun off by Canada’s flag carrier.
The Trump administration has set out new rules for regulating carbon dioxide emissions from electricity generation as part of its strategy to support US coal mining, but officials suggested that the plan had only a limited ability to revive the industry.
US stock futures tip Wall Street for a higher open as investors eye upcoming trade talks between the US and China while the dollar edged lower after President Donald Trump criticised the Federal Reserve.
Beauty group Coty shrank its full-year losses, but narrowly missed analysts’ expectations for quarterly sales as disruption from its 2016 acquisition of brands from Procter & Gamble remained a drag and a trucker strike in Brazil disrupted supplies.
UK employers group the CBI said on Tuesday that the country’s manufacturing sector is in “robust” shape, thanks to strength in the global economy and a weak pound, but that crashing out of the EU without a deal “would be immensely damaging” for both sides.
Norway’s trillion-dollar national oil fund modestly undershot its benchmark for the first time in two years in the second quarter, with equities dragged down by global tensions over trade and bond investments muted, despite a flicker of volatility stemming from Italy.
The body representing National Health Service hospitals and ambulances has written to NHS England to warn that a hard Brexit or no-deal scenario could adversely affect “the entire supply chain of pharmaceuticals” in the UK and hit “disease control.”