Bloomberg Oil prices have surged more than 75% in the US this month. But don’t expect a quick rebound in supply from shale explorers. The quick turnaround in oil markets is exposing the shale industry’s big weak spot: Lightning-fast production declines. Shale gushers turn to trickles so quickly that explorers must constantly drill new locations to sustain output. And they …

Bloomberg Ryanair Holdings Plc executives preparing for thousands of job cuts warned employees in Spain that the collapse of air travel had left the discount airline with more than 600 surplus pilots and cabin crew in the country. The Irish carrier estimates it has an excess of 266 pilots and 351 cabin crew, people director Darrell Hughes said on a …

Bloomberg The German government and Deutsche Lufthansa AG have agreed on a bailout package, German news agency DPA reported without citing the source of the information. After delays in recent days, the committee that manages Germany’s WSF Economic Stabilisation Fund was set to meet on Monday, according to a person familiar with the matter. The meeting is an indication that …