Bloomberg A Russian mining giant, which is already in a dispute with authorities over a fuel spill in the Arctic earlier this year, has suffered a leak in a pipeline. MMC Norilsk Nickel PJSC reported a leak at its energy unit estimated at 44.5 tons of fuel near the village of Tukhard in the Arctic, about 2,700 kilometres (1,678 miles) …

Bloomberg Portugal’s decision to oust the chief executive officer of TAP after a rescue of the nation’s leading airline has created an urgent vacancy to fill at a time when a broad overhaul is needed. As the government agreed to boost its holding in loss-making TAP to 72.5% on July 2, it simultaneously ended the tenure of Antonoaldo Neves after …

Bloomberg Cathay Pacific Airways Ltd’s shareholders approved a plan to raise HK$39 billion ($5 billion) in a government-backed rescue that includes the sale of preference shares and a rights issue. All resolutions put to vote were approved, the airline said in a statement following an extraordinary general meeting in Hong Kong on Monday. When the recapitalisation plan was announced last …