President Donald Trump likes to tweet about the performance of stocks this year, most recently noting at the start of the month that the Dow Jones Industrial Average was on the cusp of reaching 22,000 and another record high. The implication is that the gains are a direct result of Trump’s performance and policies. But do US presidents really drive ...

The alt-right and neo-Nazi protesters seem to have chosen Charlottesville, Virginia, as a gathering point this past weekend because of the controversy over the town’s Confederate statues and memorials. Whether they knew it or not, there is another reason the state is important: If Virginia can be shown to look like a hotbed of conflict and prejudicial discontent, the message ...

Bloomberg Ryanair Holdings Plc said it’s “genuinely interested” in bidding for insolvent Air Berlin Plc and called on the German company to involve it in the sale process. Ryanair could buy all or part of Air Berlin but has so far been ignored by the ailing carrier, according to Chief Executive Officer Michael O’Leary, who said he’s concerned the company ...

Reuters Saudi Arabian Airlines’ low-cost carrier will start flights next month, aiming to carve out a new market among the country’s young, tech-savvy population in a region dominated by airlines from the UAE. Flyadeal, a subsidiary of the state-controlled holding company that also owns national carrier Saudia, will offer domestic services from September 23 and begin international flights before mid-2018. ...

Bloomberg Massmart Holdings Ltd., the South African grocery and general goods retailer owned by Wal-Mart Stores Inc., said tougher control of costs wasn’t enough to prevent earnings falling during “the most difficult trading conditions in recent memory.” First-half operating profit before interest declined by 6.6 percent to $58 million, the Johannesburg-based company said. Sales increased 0.5 percent to 42.5 billion ...

Bloomberg The European Aviation Safety Agency ordered operators of Airbus SE A350 airliners to revise fuel-system software to reduce the risk of overheating that could lead to a fire. A flaw in the hydraulic-fluid cooling system, located in the fuel tanks, may cause the temperature of the liquid to rise quickly, the EASA said in an emergency airworthiness directive that ...

Bloomberg Roots Canada Ltd., the iconic retailer known for its casual wear and leather goods emblazoned with beaver logos, has hired banks to prepare an initial public offering this year, according to people familiar with the matter. The Canadian clothing company is working with Toronto-Dominion Bank, Credit Suisse Group AG and Bank of Montreal on the share sale, the people ...

Bloomberg Pretty much everyone prefers a nonstop flight—business people, especially. And they are more likely than most to be in a position to afford the premium. But right now, all the money in the world won’t get you from Sydney to the Big Apple or UK without a pit stop, because commercial planes just don’t have that kind of range. ...

KHOBAR / Reuters­­­­­­­­­­­­­­­ Saudi Arabia and China are to cooperate on nuclear energy projects following discussions between the two countries on ways to support the kingdom’s nuclear energy programme, state news agency SPA reported. Saudi Arabia has been for years trying to diversify its energy mix so that it can export more of its oil, rather than burning it at ...

Bloomberg Indian solar projects banking on a continuous supply of ever-cheaper panels are now under threat as China’s appetite props up prices. The global spot market price for solar panels in the second quarter fell at the slowest pace since the three months ended in December 2015, according to data compiled by PVinsights. While the decline has picked up slightly ...