The prospect of a U.S. market return for a Cuban spirit is inflaming a decades-old battle pitting Pernod Ricard, the world’s second-largest spirits producer, against Bacardi, the dominant U.S. seller of rum.
The popularity of Airbus’ A320 has led to record orders, but ramping up to meet these might mean costly investment, just at a time when low oil prices are making more expensive fuel-efficient models a more difficult sell.
The Philippines allows large amounts of untraceable cash to wash through casinos’ VIP junket rooms without the operators having to identify its source or report it to authorities, opening the door to money launderers.
The airline industry has finally shaken off its boom-and-bust past, says the head of the world’s largest carrier, but investors aren’t buying it. It’s a challenging mix for executives gathering in Dublin for the annual jamboree hosted by the International Air Transport Association.