Bloomberg Oil declined for a third day as the coronavirus spread in China and a report showed a surprise build in US crude inventories. West Texas Intermediate futures slumped as much as 3.4%. The delta strain of Covid-19 has been detected in almost half of China’s 32 provinces in two weeks, and at least 46 cities have advised residents against …

DUBAI / Emirates Business Worldwide 5G network infrastructure revenue is on pace to grow 39% to total $19.1 billion in 2021, up from $13.7 billion in 2020, according to the latest forecast by Gartner, Inc. Communications service providers (CSPs) in mature markets accelerated 5G development in 2020 and 2021 with 5G representing 39% of total wireless infrastructure revenue this year. …

Bloomberg Commerzbank AG saw earnings last quarter hit by a long series of one-time charges, undermining an otherwise solid performance and complicating efforts by Chief Executive Officer Manfred Knof to grow the lender. The shares fell after Commerzbank reported 18% lower revenue and a net loss of 527 million euros, both worse than estimated. However, it reiterated a forecast for …