Bloomberg Oil jumped to the highest in a week as an industry report showing a continued draw-down in US crude inventories tightened a supply outlook that’s being threatened by rising tension in the Middle East. Futures in New York rose as much as 2.7 percent on Wednesday, as Federal Reserve Chairman Jerome Powell signaled that policy makers may cut interest …

Bloomberg A dispute between the founders of Asia’s biggest budget airline deepened after one accused the other of dubious governance practices, roiling the company’s shares and raising concerns that the feud will drag on. Billionaire Rakesh Gangwal informed IndiGo’s operator, InterGlobe Aviation Ltd, that he flagged some of his governance concerns about co-founder Rahul Bhatia to the Securities and Exchange …

Bloomberg Cancellation of plans for a third runway at London’s Heathrow airport could cost the UK economy more than 300,000 jobs, an industry study warned as would- be prime minister Boris Johnson said he’d review the project. As many as 120,000 posts would be put at risk by any erosion of Britain’s competitiveness in air transport, while a further 200,000 …