Bloomberg Asian central bankers grappling with wobbly markets, higher energy costs and simmering trade tensions are getting relief from an old foe: food prices. In a region vulnerable to volatile price swings, food inflation has been largely contained, thanks in part to favourable weather and increased investment in production, storage and distribution. For developing nations like India and China — ...

Bloomberg Rolls-Royce Holdings Plc is wrestling with a shortage of parts needed to repair hundreds of faulty engines that power Boeing Co.’s 787 wide-body jets, further stretching a tight timetable for repairs. The fix for excessive wear on the Trent 1000 turbines is taking about three days longer than planned in some cases due to a shortfall in stocks of ...

Bloomberg CVC Capital Partners acquired Malaysian snack producer Munchy Food Industries Sdn., as the private equity firm deepens its exposure to the fast-growing consumer industry in Southeast Asia. The London-based investment firm’s Asia Fund IV completed the purchase of a 100 percent stake in Munchy Food on June 8, it said in an emailed statement, confirming an earlier Bloomberg News ...

Bloomberg A freak bout of electrical storms over Germany is to blame for the worst monthly punctuality record at Deutsche Lufthansa AG in at least two years, according to the company. The country suffered more lightning strikes in the first five months than in the whole of 2017, with planes hit by an average of three bolts a week, according ...

Bloomberg London’s Gatwick airport plans to spend 1.11 billion pounds ($1.5 billion) on expanding the capacity of its two terminals by 7 million passengers within five years. The world’s busiest single-runway hub will devote much of the cash to lengthening one of the piers at its North Terminal, used by airlines including EasyJet Plc and Virgin Atlantic Airways Ltd., to ...

Bloomberg Amazon.com Inc. has long used robots to help humans move merchandise around its warehouses. Now automation is transforming Amazon’s white-collar workforce, too. The people who command six-figure salaries to negotiate multimillion-dollar deals with major brands are being replaced by software that predicts what shoppers want and how much to charge for it. Machines are beating people at the critical ...

HODEIDAH / WAM Arab Coalition Forces have destroyed a ballistic missile base belonging to Iranian-backed Houthi militias on the outskirts of the Al-Garahi district. Coalition forcers led by Saudi Arabia, and supported by UAE Armed Forces, targeted several positions and military machinery belonging to the Houthi militias, resulting in killing 47 militia elements and dozens of casualties. Yemeni resistance forces ...

Bloomberg China’s push to eradicate smog by using more natural gas is set to get a boost as it pushes ahead with a plan to merge under one company a national pipeline network that would unify transport and investment decisions. Regulators are aiming to announce a decision before winter to combine oil and gas pipeline assets owned by its three ...

Bloomberg Russia is showing signs of weakening its commitment to oil-supply cuts as production rises before crucial talks with OPEC about the future of the agreement. The nation boosted crude supply to the highest in 14 months in the first week of June as some companies breached their caps, said a person with knowledge of the matter. While both the ...

Bloomberg Despite tariffs that President Trump imposed on imported panels, the US installed more solar energy than any other source of electricity in the first quarter. Developers installed 2.5 gigawatts of solar in the first quarter, up 13 percent from a year earlier, according to a report on Tuesday from the Solar Energy Industries Association and GTM Research. That accounted ...