One of the world’s largest reserves of low-grade, dirty coal is located roughly 250 miles west of Karachi, Pakistan in the Thar Desert. Discovered in the 1990s, it remained largely untapped until last year, when Chinese financing underwrote a $3.5 billion project to exploit it. The investment is part of a larger Chinese energy plan for Pakistan that includes ...

  TEHRAN / AP Boeing Co. has signed a $3 billion deal with an Iranian airline for 30 new aircraft, officials said, in the first major sale by a US company in the Islamic Republic since the Trump administration imposed new sanctions against Tehran. The deal for the 30 737 MAX aircraft, which includes an option for another 30, could ...

  Bloomberg JAB Holding Co. agreed to buy Panera Bread Co. for about $7.5 billion, adding a fast-growing US bakery chain to a food empire that spans coffee, bagels and doughnuts. Panera investors will receive $315 per share in cash, the companies said in a statement on Wednesday. That’s 20 percent higher than the closing price on March 31, the ...