Bloomberg The US and Germany want to conclude a deal by August to blunt Moscow’s geopolitical gains once the controversial Nord Stream 2 gas pipeline is finished, with the two sides exploring ways to shore up Ukraine’s energy sector and deter Russian aggression through the threat of sanctions. The agreement, which some officials hope to have ready for Chancellor Angela ...

Bloomberg Royal Dutch Shell Plc said it plans to buy BP Plc’s stake in a North Sea field they share, superseding a deal agreed by the British oil major last month. “Shell UK Ltd has agreed to purchase BP’s interest in the Shearwater gas hub,” a spokesperson for the Anglo-Dutch company said, without disclosing terms. “The move reflects Shell’s strategy ...

In the wake of the meeting between Joe Biden and Vladimir Putin last week, British Defence Secretary Ben Wallace mooted the possibility of a summit between Boris Johnson and Putin — provided the Russian president ceases “malign activity.” France and Germany were hoping to resume Russia-EU summitry to reset relations with the bloc. The confrontation off the coast of Crimea ...

The US has traditionally been a nation of optimists about technology. But just when the world seems poised for a technologically-driven productivity boom, Americans have acquired a dour outlook about the march of progress. Growing fears that not everyone will share in the benefits is leading to resistance that threatens to hold the nation back. Recapturing the bold attitudes of ...

In a 5-4 decision with important implications for class actions and for Congress’s ability to authorise lawsuits of all kinds, the Supreme Court has rejected the idea that violation of a statute can ever be enough grounds for a lawsuit unless it comes with a more concrete “injury in fact” to potential plaintiffs. Corporate defendants and the corporate bar will ...

Mukesh Ambani’s rivals should be relieved, though perhaps not too much. The petrochemicals czar has just told shareholders that he’s undertaking his life’s “most challenging” mission by investing 750 billion rupees ($10 billion) in clean power and fuel over three years. It doesn’t appear to be a big capital commitment from India’s most powerful businessman, certainly not when he’s just ...

Bloomberg Southwest Airlines Co will increase its minimum wage to $15 an hour and raise the pay of thousands of airport workers to ensure it retains sufficient staff and can attract new employees to support growth over the next two to four years. The move will affect more than 7,000 employees and take effect from August 1, the airline told ...

Bloomberg Kenya Airways Plc‘s head said the government should step in to repay $750 million of state-guaranteed debt to help the East African carrier emerge from the Covid-19 crisis that has battered the industry. The airline is scheduled to resume repayments of the sovereign-backed debt next month, following a moratorium negotiated with lenders following the grounding of most international travel ...

Bloomberg 7-Eleven Inc was ordered by US antitrust regulators to sell 293 gas-station retail stores acquired as part of its $21 billion purchase of Marathon Petroleum’s Speedway business. The order disclosed by the US Federal Trade Commission resolves lingering concerns over the transaction. In May, FTC Acting Chairwoman Rebecca Kelly Slaughter and her fellow Democratic commissioner said the agency would ...

Bloomberg Nike Inc soared to an all-time high in the latest sign that consumers are opening their wallets more than expected as the pandemic eases in much of the world. The shares rose almost 16% to a record $154.35 after the company projected that revenue this fiscal year will surpass $50 billion for the first time, benefiting from rebounding growth ...