Bloomberg Goldman Sachs Group analysts downgraded Coinbase Global to a sell rating as the crypto winter continues to take its toll on the struggling digital currency exchange. Shares of the firm slumped 11% to $55.96, extending their decline this year to 78% as Bitcoin trades at less than half its value from six months ago. Goldman analyst William Nance cited …

  Bloomberg European natural gas prices rise as Russia’s deep supply cuts are slowing the pace of refilling storage sites, threatening to fall short of levels required to keep homes warm in the coming winter. Benchmark futures started the week with a gain of as much as 6.9%. Buyers have found it more difficult to replace Russian gas from elsewhere …

Bloomberg The cost of charging the UK’s most popular electric car, the Tesla Model 3, has jumped 37% since December along with rising electricity prices. And further hikes look likely in the months ahead. UK petrol prices surged to record levels last week, making it more than $123 to fill a standard car. But even electric vehicle drivers are feeling …

  Bloomberg Prosus NV is planning to sell more of its $134 billion stake in Chinese internet giant Tencent Holdings Ltd to finance a buyback program, reversing a pledge to hold onto the full shareholding. Tencent erased earlier gains in Hong Kong as investors pondered the extent to which Prosus, the Chinese company’s biggest shareholder, will unload its stock. The …

  Bloomberg Reliance Industries Ltd is in talks with several global banks to raise as much as $8 billion for its planned leveraged buyout of Walgreens Boots Alliance’s international arm, according to a report from Mint. The report, which cited two people familiar with the discussions, said that Reliance is in talks with Barclays Bank Plc, Deutsche Bank AG, HSBC …

Bloomberg The Netherlands is planning to cut Schiphol airport’s capacity by about 20% next year to reduce noise pollution, a move the global airline lobby described as a “shocking blow” to aviation, jobs and the economy. The Dutch government said it will introduce a maximum limit of 440,000 flights at the Amsterdam hub in November 2023, meaning it will no …

Bloomberg United Airlines Holdings Inc pilots tentatively agreed to a new contract that gives them 14.5% raises, increased overtime pay and other benefits, setting the standard as other major carriers negotiate deals with their aviators at a time of rebounding travel demand. The higher pay will come in three increases over an 18-month span, the Air Line Pilots Association said. …

  Bloomberg Akasa, India’s newest airline, will conduct a proving flight with the country’s Directorate General of Civil Aviation as early as this week as it looks to start commercial services by around the end of July, CEO Vinay Dube said. Akasa, backed by billionaire Rakesh Jhunjhunwala, will likely receive its air operator’s certificate within days of the proving flight, …

  Bloomberg Air India Ltd is considering hiring retired pilots, according to an airline official with knowledge of the matter, as the money-losing carrier seeks to bolster staff to prepare for one of the largest aircraft orders in commercial aviation history. The former state-run airline reached out to superannuated pilots, asking if they would be willing to opt for an …

  Bloomberg European Central Bank (ECB) policy makers gather on a Portuguese hillside on Monday with the sinking feeling that their rush to tackle the inflation shock they failed to forecast risks both a recession and echoes of the euro area’s sovereign debt crisis. As President Christine Lagarde and colleagues meet in the resort of Sintra for their version of …