Bloomberg Two more fuel tubes in F-35 jets may need to be replaced, according to the Pentagon, potentially adding to costs and disruption after a temporary grounding of the fleet. It expands the suspect parts beyond an initial fuel supply line that may have contributed to the September 28 crash of a Marine Corps F-35 and forced a brief grounding ...

Bloomberg Rallye SA, the indebted parent of French retailer Casino Guichard-Perrachon SA, may soon face a new front in its battle against short sellers. Distressed debt funds betting against the company have been buying up a Rallye bond due in January 2022 that may enable them to force a default, according to people familiar with the matter. That’s because the ...

Bloomberg Ryanair Holdings Plc defended its response to a case of racial abuse on a flight last week, saying the Irish carrier reported the matter to police as soon as it became aware of the incident. A video of the event, that went viral on social media, showed a white man racially abusing a black female pensioner. Cabin crew were ...

Bloomberg More than a day after a brand-new Boeing Co. 737 Max jet flown by Indonesia’s Lion Air plunged into the Java Sea, the search for the plane failed to yield much as investigators continued the grim task of uncovering the cause of the deadly crash. Indonesia’s National Transportation Safety Board said in a statement on Tuesday that it’s scouring ...

DUBAI / WAM The UAE has been ranked as one of the world’s top Islamic fintech hubs with the country home to 12 start-ups specialising in this field, a new analysis from the Dubai Chamber of Commerce and Industry has revealed. The analysis, based on recent data from IFN Fintech, ranked the UAE fourth globally as an Islamic fintech hub. ...

Bloomberg A Boeing Co. 737 Max jet, operated by Indonesia’s Lion Air, crashed in the Java Sea with 189 people on board, making it the model’s first accident and potentially the worst commercial aviation disaster in three years. Flight JT610, an almost brand new 737 Max 8, took off from the capital Jakarta at 6:20 am local time on Monday ...

Bloomberg Russia is set to suffer the biggest revenue losses from rules mandating cleaner marine fuels from 2020, because the world’s top exporter of the sulfurous residual oil that powers ships doesn’t look prepared for the change. Refineries across the world are bracing themselves for the once-in-a-generation shift intended to reduce pollution caused by ships. While plants in Europe and ...

Bloomberg C2 Energy Capital LLC, a New York-based clean-energy developer, raised $21 million to invest in new projects. About half of the money raised for the C2 Taiyo Fund I LP fund is already committed to specific projects. The fund will target renewables and storage investments, including a 51-megawatt solar portfolio being built in South Carolina. C2 develops, owns and ...

Bloomberg Forget Asian hunger for energy or where liquefied natural gas (LNG) costs the most, at the moment it’s all about tanker rates. Northwest Europe has seen a boom in LNG imports this month, with cargoes arriving from atypical sources including Peru and Egypt, while the US and Russia are also sending tankers into the most liquid gas market outside ...

Bloomberg Steelmakers in China and the rest of the world need to do more to reduce overcapacity, according to Guido Kerkhoff, CEO chief executive officer of Germany’s ThyssenKrupp AG. While China made good progress in curbing over-production, there’s room for even more cuts, Kerkhoff said. China has reshaped industry in past three years by closing plants, tightening environmental controls and ...