Bloomberg Oil kept up its push higher after Saudi Arabia’s new energy minister signaled that Opec and its allies would continue with output cuts as the group prepared to gather in Abu Dhabi. Futures in New York added as much as 2.9% after newly-appointed Saudi Energy Minister Prince Abdulaziz bin Salman said there won’t be radical change in the policy ...

Bloomberg Volkswagen AG is unwrapping not just new models at the Frankfurt car show, but also a tweaked logo as the world’s biggest carmaker ushers in the electric era. Little-changed since World War II, the new VW emblem will be uncovered atop its headquarters in Wolfsburg on Monday. Then later in Frankfurt, the manufacturer will unveil the VW brand’s electric-powered ...

Bloomberg Ken Griffin’s splurge on luxury real estate properties shows no signs of abating. The hedge fund titan spent $99.1 million for a beachfront house adjacent to his existing Palm Beach estate, according to the Palm Beach Post, citing sources with knowledge of the transaction and a deed filing. A Palm Beach County document confirmed the purchase price, but didn’t ...

Bloomberg US stock-index futures climbed with equities in Asia as traders weighed a series of fresh stimulus moves expected from the world’s central banks. Shares fluctuated in Europe, where bonds slipped alongside Treasuries. Contracts on the three main US stock gauges advanced after Federal Reserve Chairman Jerome Powell gave his last speech before the next policy meeting and cemented views ...

Bloomberg Mainland Chinese stocks are outperforming their offshore-listed peers as domestic investors bet the country’s economy will withstand the trade war with the US. The Shanghai Composite Index has rallied more than 21 percent this year, compared with a 4.3 percent advance by the Hang Seng China Enterprises Index in Hong Kong. The Shanghai measure is trading near its highest ...

Bloomberg British Airways scrapped almost all of its timetable for the next two days as pilots went on strike for the first time in decades in a labour dispute that could cost the carrier 80 million pounds ($98 million). The unit of IAG SA had “no option” but to cancel almost 100 percent of services amid the action over pay, ...

Bloomberg More than 5,000 passengers are stranded at Japan’s Narita international airport as highways were closed off and train services were suspended after a powerful typhoon hit the nation’s capital. That number was expected to rise until the last flight arrived at about 11 pm, with no notice so far from the rail and highway operators on when services and ...

Bloomberg Air France-KLM shares dropped the most in six months after the Franco-Dutch carrier said last-minute demand in the crucial summer season has been disappointing. “Close-in bookings in the peak travel period are weaker than foreseen in view of softening macro-economic environment,” the Paris-based airline said in a statement on its August figures on Monday. The shares fell as much ...

Bloomberg The head of Germany’s ruling Christian Democrats suggested a levy on flights could be introduced to encourage travellers to use less polluting means of transport and help tackle climate change. Rail travel must be made cheaper, possibly by cutting sales tax on train tickets, Annegret Kramp-Karrenbauer, leader of Chancellor Angela Merkel’s CDU party, said in an interview with ARD ...

Bloomberg Boeing Co suspended testing of its 777X aircraft after a cargo door failed in a ground stress test, Reuters reported, citing a statement from a company spokesman. “During final load testing on the 777X static test airplane, the team encountered an issue that required suspension of the test,” Reuters quoted the spokesman as saying. The setback occurred last week, ...