Bloomberg Southwest Airlines, a discounter that flies mostly in the US, is the world’s largest carrier — for now. The ranking is based on the number of seats flown this week, as compiled by aviation data provider OAG. Southwest moved to the top spot as its larger rivals nearly abandoned international routes after governments worldwide restricted travel to stem the …

Dubai / Emirates Business The value of announced mergers and acquisitions (M&A) transactions with any Middle East and North Africa (Mena) involvement reached $14.8 billion during the first three months of 2020 according to report released by Refinitiv on Thursday. According to the report, the investment banking fees in Mena reached an estimated $188.8 million during the first quarter of …

Bloomberg Oil was anchored near $20 a barrel as concerns over virus-led demand destruction outweighed an agreement by the world’s biggest producers to curb supply. US producer ConocoPhillips said it will cut output by 225,000 barrels a day in response to lower prices in Canada and the US Inventories from America to Europe and Singapore have all ballooned this week, …