Bloomberg Oil falls this week with spreading coronavirus cases in countries such as India tempering optimism around positive signs out of the US and Europe. Futures in New York rise the most in over a week, but were unable to reverse a 1.6% weekly loss as the market weighed a global economic reopening that’s coming in fits and starts. The ...

Bloomberg Californian Governor Gavin Newsom will ban new hydraulic fracturing permits in the coming years as the state pushes to eliminate net greenhouse-gas emissions by 2045. His order to halt new permits by January 2024 follows calls from environmental groups for executive action after two Democratic state senators failed to pass legislation that would prohibit fracking altogether in 2023. The ...

Bloomberg Boeing Co is sticking with Chief Executive Officer Dave Calhoun to guide the company through a long and uncertain recovery, while parting ways with a potential contender for his job. The company’s board raised Calhoun’s retirement age to 70, citing the 64-year-old’s “substantial progress” in ending the 737 Max grounding and bringing the planemaker back from the Covid-19 pandemic. ...

Bloomberg China’s Baiyun International airport in Guangzhou topped the list of the world’s busiest hubs in a coronavirus-wracked 2020, knocking Hartsfield-Jackson Atlanta International off a perch it occupied for more than two decades. Baiyun moved up from 11th place, trade group Airports Council International said in a statement, capping a year when the Covid-19 pandemic disrupted global air travel. Hartsfield-Jackson ...

Bloomberg United Airlines Holdings Inc will repair and resume flying its Pratt & Whitney-powered Boeing 777-200 fleet that’s been grounded for two months since a dramatic engine failure showered debris across a suburban Denver neighborhood. United is working closely with Pratt & Whitney, a division of Raytheon Technologies Corp, as well as Boeing Co and the FAA on fan-blade inspections ...

Bloomberg Prescription eyewear seller Warby Parker Retail Inc is considering an initial public offering as soon as this year, according to people familiar with the matter. The New York-based company is in discussions with advisers on a potential listing, the people said, asking not to be identified as the information is private. Warby Parker raised $120 million in its most ...

Bloomberg Gucci’s sales rebounded in the first quarter, signalling a recovery for the luxury brand after the appeal of its flamboyant fashions waned last year. Comparable sales, a key measure of retail performance, jumped 25% at the Italian fashion house to 2.17 billion euros ($2.61 billion), owner Kering SA said in a statement. Analysts had expected a 19% gain. Gucci ...

Bloomberg US new-home sales rebounded sharply in March to the highest since 2006, suggesting that the housing market is back on track after winter storms impeded demand in February. Purchases of new single-family homes increased 20.7% last month to a 1.02 million annualised pace after an upwardly revised 846,000 rate in the prior month, government data showed. The figure exceeded ...

Bloomberg Apple Inc. unveiled an updated iPad Pro with a faster processor, 5G connectivity, upgraded screen and new cameras, offering a more powerful version of its priciest tablet aimed at workers and students returning to offices and schools. The new models come in the same 11-inch and 12.9-inch screen sizes as the previous version, and they look nearly identical to ...

Bloomberg BMW AG’s China joint-venture (JV) with Great Wall Motor Co. is set to start production in 2023, as the German carmaker aims to have electric vehicles make up one-quarter of its sales in the country. The construction of a manufacturing plant with Great Wall is “well under way” and the main structure should be completed later this year, BMW’s China ...