Bloomberg London Heathrow’s controversial third runway fits within Britain’s plan for reining in fossil-fuel emissions, according to the government’s Committee on Climate Change. “Another runway at Heathrow could be accommodated within those parameters,” said John Gummer, chairman of the committee. Modern technology “ought to give elbow room for about a 60 percent growth in demand,” he said at a briefing ...

Bloomberg Less than halfway through his first year as chief executive officer of Novartis AG, Vas Narasimhan plans a third major transaction to narrow its focus on developing cutting-edge medicines. The Swiss drugmaker said that it will spin off its Alcon eye-care unit while using proceeds from the $13 billion sale of its stake in a consumer-health joint venture with ...

Bloomberg European Union leaders vowed an unwavering response to President Donald Trump’s protectionism, signalling a readiness to retaliate should the US escalate a trade war with tariffs on cars. The EU government heads repeated criticism of US duties on foreign metals and expressed support for the bloc’s retaliatory action over those levies, which Trump has justified on national-security grounds. The ...