Bloomberg At an aviation summit in Brussels, Europe’s main airlines put on a display of unity over the challenges ahead. But the industry’s chief executive officers were divided when it came to the biggest issue of all: Brexit. The UK’s scheduled departure from the European Union in March 2019 has provoked widely varying reactions from carriers in the 28-nation bloc. ...

Bloomberg Amazon.com Inc. is shifting its Prime Pantry service, which focusses on non-perishable household goods like breakfast cereal, laundry detergent and shampoo, to a $5 per month membership model. Amazon will make the change gradually, encouraging Prime Pantry shoppers to commit to a monthly service charge that gives them free shipping on orders of at least $40, a company spokeswoman ...

Bloomberg Virgin Atlantic Airways Ltd will split its coach class into three ticket grades in an effort to head off the challenge presented by an emerging low-cost, long-haul sector led by Norwegian Air Shuttle ASA. The UK carrier plans to introduce an “economy light” fare for passengers prepared to take hand baggage only and happy to have their seats allocated ...

Bloomberg Consumer staples companies such as Reckitt Benckiser Group Plc and Procter & Gamble Co. should be paying higher dividends to compensate investors for increasing levels of risk, according to the head of a fund that’s beaten 99 percent of peers in 2018. Reckitt’s dividend yield of 2.8 percent and P&G’s of 3.4 percent is similar to the 2.9 percent ...

Bloomberg Low-cost international flying is coming to Brazil. Norwegian Air Shuttle ASA plans to fly to Brazil from Argentina and London to boost its month-old operations in South America, Chief Executive Officer Bjorn Kjos said in an interview in Buenos Aires. The Scandinavian company has already received authorisation from the Argentine government to operate flights to 13 Brazilian cities. Norwegian ...

Bloomberg Oil risks sliding back under $60 a barrel as a surge in US shipments to Asia threatens to undermine a deal between OPEC and its allies, according to ING Groep NV. While the producer group complied with a pledge to curb output and ease a glut in 2017, US flows that are gaining a bigger slice of the prized ...

Bloomberg China’s thirst for overseas energy investments is slaking, at least by one tally. The nation’s financing for so-called Belt and Road Initiative energy projects dropped 28 percent to $14.3 billion last year from $19.9 billion, according to data released on Monday by Boston University’s Global Development Policy Center. Spending last year included investments in gas pipelines in Malaysia, coal ...

DUBAI / Reuters Egypt plans to award the tender for a high-speed railway between the Red Sea and the Mediterranean in the second half of 2018, transport minister Hisham Arafat said on Monday. The project will connect the eastern resort of Ain al-Sokhna to El Alamein, a town west of Alexandria that was scene of a battle in World War ...

Bloomberg An agency tasked with cleaning up Nigeria’s murky oil industry says even though financial accountability has improved the state oil company still hasn’t explained billions of dollars of missing revenue. While energy producers have cooperated and complied with requirements to publish payments, the Nigeria Extractive Industries Transparency Initiative has struggled with the state-owned Nigerian National Petroleum Corp., Waziri Adio, ...

BAGHDAD / Reuters Iraq’s oil ministry on Monday said the nation would reduce its petroleum products imports by 25 percent as crude oil refiner­ies are being rehabilitated following fighting with IS militants. Iraq is also producing more oil products by processing natural gas liquids, Oil Minister Jabar al-Luaibi said in a statement, without indicating a specific timeframe for the import ...