Bloomberg US stock-index futures rise as softer oil prices and a weaker dollar signalled fears about inflation and the pace of monetary tightening are fading. Futures on the S&P 500 and Nasdaq 100 indexes advanced at least 0.2% each after the underlying gauges capped the first three-day rally since May. Asian semiconductor shares rallied after Samsung Electronics Co reported …

  Bloomberg The pound strengthened and UK stocks rise on reports that Prime Minister Boris Johnson is planning to resign. Investors said the news may spell some initial relief for UK assets, which have been battered by the country’s high inflation, weak economy and the political uncertainty. Sterling rises as much as 0.6% to $1.1994. The FTSE 250 Index, which …

  Bloomberg Opec Secretary-General Mohammad Barkindo, an oil industry veteran who steered the group through the creation of the Opec+ alliance, has died in his native Nigeria. He was 63. Barkindo was in the final weeks of his six-year tenure as the top diplomat at Organisation of Petroleum Exporting Countries (Opec), where he headed its Vienna-based secretariat. He had returned …

  Bloomberg Airbus SE is leading a race against Boeing Co over the potential sale of about 30 wide-body aircraft to Malaysia Airlines as the Southeast Asian carrier, seeking more fuel-efficient jets amid a travel rebound, focuses on cost. Airbus is offering its A330neo range of aircraft while Boeing is pushing its 787 Dreamliners, according to people familiar with the …

  Bloomberg The US Transportation Department awarded 16 coveted flight slots at Newark Liberty International Airport to Spirit Airlines Inc, denying requests by rivals JetBlue Airways Corp and Alaska Air Group Inc. The government said Spirit is “most likely to provide the lowest fares to the most consumers,” according to a statement. The decision gives Spirit access to times for …

Bloomberg KLM was sued by Dutch environmental pressure groups which alleges its “Fly Responsibly” ad campaign amounts to greenwashing, in one of the first such lawsuits to hit a major airline. KLM, the Dutch arm of Air France-KLM, has run ads that give customers “the false impression that its flights won’t worsen the climate emergency,” breaching European Union rules, the …

  Bloomberg Just Eat Takeaway.com NV’s shares jumped the most in almost four years after Amazon.com Inc agreed to take a stake in its Grubhub business. The stake is part of a partnership where Amazon will offer US Prime users a one-year membership to the food delivery service, the Dutch company said in a statement. The deal is a vital …

  Bloomberg The Italian government has received offers from foreign bidders for its new national airline Italia Trasporto Aereo, or ITA, the successor to long-troubled carrier Alitalia, according to people familiar with the matter. The offers are about 200 million euros ($205 million) lower than the initial ones, said one of the people who declined to be named because the …

  Bloomberg Supermarket shoppers in Britain are increasingly opting for own-brand labels in a bid to save pennies on groceries. J Sainsbury Plc is seeing some customers switch into economy own-label goods and rival Tesco Plc said last month that clients are moving to store-brand versions of bread, pasta and beans. Households could save $649 a year by switching from …

  Bloomberg China’s central bank looks set to withdraw cash from its financial system in a sign that it’s moving towards normalising monetary policy as major global peers are forcefully raising interest rates. The People’s Bank of China (PBOC) slashed its daily short-term liquidity operation to 3 billion yuan ($447 million) this week, the smallest amount since January 2021. At …