Bloomberg Permits for European Union carbon emissions rose above 30 euros ($34) a ton for the first time since 2006 as the bloc works to enact a sweeping overhaul to cut greenhouse-gas emissions. Carbon futures climbed despite an overall gloomy economic outlook and with pollution set to fall to the lowest level in decades this year. While actual emissions plunge …

Bloomberg A Russian mining giant, which is already in a dispute with authorities over a fuel spill in the Arctic earlier this year, has suffered a leak in a pipeline. MMC Norilsk Nickel PJSC reported a leak at its energy unit estimated at 44.5 tons of fuel near the village of Tukhard in the Arctic, about 2,700 kilometres (1,678 miles) …

Bloomberg Portugal’s decision to oust the chief executive officer of TAP after a rescue of the nation’s leading airline has created an urgent vacancy to fill at a time when a broad overhaul is needed. As the government agreed to boost its holding in loss-making TAP to 72.5% on July 2, it simultaneously ended the tenure of Antonoaldo Neves after …

Bloomberg Cathay Pacific Airways Ltd’s shareholders approved a plan to raise HK$39 billion ($5 billion) in a government-backed rescue that includes the sale of preference shares and a rights issue. All resolutions put to vote were approved, the airline said in a statement following an extraordinary general meeting in Hong Kong on Monday. When the recapitalisation plan was announced last …

Bloomberg A long-awaited equal pay lawsuit at the UK Supreme Court could see thousands of mostly female workers obtain better wages from the largest supermarkets and end up costing the chains as much as 8 billion pounds ($10.1 billion). The Supreme Court was expected to scrutinise a discrimination case brought by more than 15,000 employees who work at Walmart’s Asda …

Bloomberg Beyond Meat is at risk of being part of a food craze that could potentially sputter and continues to face heightened competition, according to a Citi analyst who initiated coverage with a sell rating. Close to one-quarter of Americans are eating less meat now than last year, but they aren’t doing so out of moral opposition to eating animals …

Bloomberg Airbus SE failed to secure any aircraft orders for a third month this year, as the collapse in global air travel battered demand for new jetliners. The European planemaker attracted zero purchases in June, according to a company statement. The manufacturer suffered one cancellation, a spokesman confirmed, bringing total net orders to 298 aircraft so far this year. The …

Bloomberg Global stocks rose with US equity futures ahead of earnings from big American banks that will act as a barometer of economic health as the pandemic continues to rage. The dollar was steady. The Stoxx Europe 600 Index climbed as traders awaited outlooks from a slew of companies that have yet to provide concrete guidance on the impact of …

Bloomberg Goldman Sachs Group Inc. has become a little more optimistic on earnings prospects for the S&P 500 Index this year but stressed that management commentary from companies is going to be important to gauging the outlook. Goldman’s baseline forecast for S&P 500 earnings per share in 2020 is $115, up from a prior estimate of $110. The firm maintained …

Bloomberg Saudi Oil Minister Prince Abdulaziz bin Salman likes the idea of Opec+ acting as the central bank of oil. And he expresses admiration for Alan Greenspan, former chairman of US Federal Reserve. The challenge now confronting the oil producers’ club is one that’s all too familiar to the Fed: how to avoid a “taper tantrum,” the market panic that …