Bloomberg Forever 21 Inc is preparing for a potential bankruptcy filing as the fashion retailer’s cash dwindles and turnaround options fade, according to people with knowledge of the plans. The company has been in talks for additional financing and working with a team of advisers to help it restructure its debt, but negotiations with possible lenders have so far stalled, …

Bloomberg Climate activists plan to fly toy drones near London’s Heathrow airport next month, as they seek to draw attention to a planned expansion and its impact on greenhouse gases. The group, Heathrow Pause, will fly the drones inside an exclusion zone surrounding Europe’s busiest airport starting from September 13, it said in a statement on its website. Drones are …

Bloomberg A US appeals court has rejected the notion that federal airport screeners are immune from lawsuits filed by aggrieved travellers. In a 9-4 decision, the Court of Appeals in Philadelphia ruled that Transportation Security Officers (TSOs), given their authority to conduct invasive searches of travellers, are essentially law enforcement officers and as such aren’t covered by the immunity granted …

Bloomberg For the first time since President Donald Trump was elected, more Americans say the economy is getting worse than getting better. A new Quinnipiac Poll shows 37 percent saying the economy is declining, compared with 31 percent who continue to see improvement. Only 30 percent say the economy is staying about the same, the lowest number on record. Polls …

Bloomberg India’s government has approved scrapping a cap on foreign investment in commercial coal mining, a person with direct knowledge of the matter said, as part of efforts to boost economic growth. The change would allow overseas miners such as BHP Group Ltd and Glencore Plc to own 100 percent of mining companies. A spokeswoman at Commerce and Industry Ministry …

Dubai / WAM Singapore has announced its participation in Expo 2020 Dubai. The Singapore Pavilion, titled ‘Nature. Nurture. Future’, will pay tribute to Singapore’s journey towards growth, sustainability, and resilience. The Urban Redevelopment Authority (URA) will lead Singapore’s participation in the Expo which will run from October 20, 2020 to April 10, 2021, coordinating with partners from the public and …

Dubai / WAM A joint working team was formed to reinforce the strategic partnership between the UAE and Saudi Arabia in the housing sector, to provide unified housing services and launch joint projects, as part of the work of the Saudi-Emirati Coordination Council. The team is responsible for launching joint housing initiatives, performing studies and presen-ting propositions to the council’s …

Bloomberg BP Plc agreed to sell its entire business in Alaska to closely held Hilcorp Energy Co. for $5.6 billion, ending a six-decade presence in the state as oil production there declines. The deal includes BP’s operating stake in Prudhoe Bay, the largest-producing oil field in US history, as well as all its Alaskan pipelines. It makes Hilcorp, the oil …

Bloomberg China’s world-leading train maker CRRC has gained control of one-quarter of the European diesel-locomotive market in a single purchase costing less than 10 million euros. The acquisition of the Vossloh AG business provides China Railway Rolling Stock Corp. with a major toehold in a region where rail travel is ousting cars and planes faster than anywhere else. CRRC’s Zhuzhou …

Bloomberg The Swiss government aims to make the country climate neutral by 2050, stepping up its efforts to cut carbon emissions to fight global warming. Switzerland now plans to reduce its net carbon emissions to zero by 2050 to meet the target of limiting global warming to a maximum of 1.5 degrees Celsius, according to a statement on Wednesday. The …