Singapore Airlines Ltd. posted a second consecutive quarterly profit as it continues to rebuild from the Covid crisis, which saddled it with record losses in 2021. Net income was S$557 million ($394 million) in the three months through September, compared with a loss of S$428 million a year earlier, Singapore Airlines said in a statement. Revenue was S$4.5 billion, up …

Italy will speed up drilling for new sources of domestic gas in a bid to lower energy prices for its industries, reversing a decade of restrictions on new exploration. The plan is part of the new Prime Minister Giorgia Meloni’s first budget law, and the government is pledging €30 billion of additional energy aid. The government estimated about 15 billion …

Shares of Brazil’s state-controlled oil producer Petrobras erased their gains for the year as fears of increased political intervention with Luiz Inacio Lula da Silva as president are driving investors to dump the stock. Petroleo Brasileiro SA’s shares closed down 5.5% to 28.30 reais in Sao Paulo, and have shed over $20 billion in market value since their October peak. …