Apple last night forecast sales for the crucial holiday shopping quarter that beat Wall Street expectations, with chief executive Tim Cook saying that new iPhone 11 models were off to “a very, very good start” as sales of AirPods, Apple Watches, and streaming services continue to rise.

Cathay Pacific Airways is facing a decline in forward bookings for travel to Hong Kong “in the region of double digits” due to widespread protests in the Asian financial centre, a senior company executive said.

Kellogg beat Wall Street expectations for quarterly sales and profit, boosting the food maker’s shares over 9% as investments in marketing and product development drove higher demand for snacks and frozen food in North America.

Norwegian Air’s Bjoern Kjos stepped down as chief executive of the airline he co-founded and turned into Europe’s third-biggest budget carrier by passenger numbers.

Apple yesterday said sales for the crucial holiday quarter could miss Wall Street expectations, which chief executive Tim Cook blamed on weakness in emerging markets, foreign exchange costs and uncertainty whether the iPhone maker can keep up with demand for new products.