Bloomberg Four of the world’s leading aircraft regulators have agreed in principle to coordinate in restoring Boeing Co’s 737 Max to service once they’re confident that technical updates and new training meet safety standards. The tentative pact is an attempt to avoid the fractious approach taken in grounding the jet after two deadly crashes, people familiar with the discussions said. ...

Bloomberg Beijing’s second international airport has been completed — and it’s expected to become one of the world’s busiest. Designed to take the pressure off the overcrowded Beijing Capital International Airport, the new site south of the city will be able to handle 72 million passengers a year by 2025, and 100 million by 2040. Combined, the two airports will ...

Bloomberg South Africa’s Bidvest Group Ltd won court approval to sell its holding in Mumbai International Airport to a third party, dealing a blow to majority holder GVK Power & Infrastructure Ltd’s bid to increase its ownership. The ruling allowed unit Bid Services Division (Mauritius) Ltd to divest its 13.5 percent stake, dismissing GVK’s effort to exercise its right of ...

Bloomberg More than a fifth of all European flights were delayed in May despite the introduction of measures aimed at preventing disruptions that wreaked havoc on travel during last year’s busy summer season. Monthly data from regional air traffic authority Eurocontrol show 22.1 percent of flights were delayed compared with 24.5 percent the same month last year, according to a ...

Bloomberg Shiseido Co is making it easier for customers to benefit from — and pay for — perfect skin. For 10,000 yen ($92) a month, subscribers will be able to access the Japanese cosmetics maker’s custom-designed skincare service, called Optune. Using a smartphone app that analyses skin and a dispenser with five serum-and-lotion cartridges, Shiseido says its product will deliver ...

Bloomberg DP World Plc is in “very advanced” discussions to acquire Topaz Energy & Marine Plc in what would be the Dubai-based company’s first venture into the oil and gas sector. The world’s largest port operator also said in a statement that there is no certainty of a transaction. Sky News reported earlier that a $1.3 billion deal could be ...

Bloomberg President Donald Trump declared the US was “winning” the trade war a day after reaching a temporary truce with Chinese President Xi Jinping. On a visit to South Korea following the Group of 20 summit in Japan, Trump said at a news conference that the Federal Reserve “has not been of help to us at all” in his trade ...

Bloomberg The Organization of Petroleum Exporting Countries’ (Opec’s) output fell for a seventh consecutive month as the group signalled it would keep supplies restrained at least until the end of the year. Crude production in June dropped to 30 million barrels a day as US sanctions further curtailed Iranian shipments and Saudi Arabia chose to pare back its output. The ...

Bloomberg Titans of the US banking industry said they will pump out more cash to shareholders after all 18 lenders passed the Federal Reserve’s annual stress tests. The results were a particular win for Deutsche Bank AG after it repeatedly failed past exams. A dozen of the nation’s largest lenders said they will boost payouts through dividends and stock buybacks ...

Bloomberg India’s financial regulator has spelled out its concerns about the implications of the country’s spreading shadow banking crisis, saying any failure among the largest of the non-bank finance firms could cause losses comparable to a collapse among the major banks. In its latest Financial Stability Report released, the Reserve Bank of India said the potential losses in the event ...