Bloomberg The UK will plow 125 million pounds ($160 million) into electric planes and drones to ease congestion in urban areas, Business Secretary Greg Clark announced. The funding — to be matched by the private sector — aims to develop new technologies to cut pollution from the aerospace industry, as well as to ease congestion in London and other urban …

Bloomberg Ingka Holding BV, parent of the world’s largest home-furnishings retailer Ikea, has started construction on a $1.2 billion shopping mall in Shanghai that the company says is its single biggest investment. The mall, Ingka’s fifth in China, will span 430,000 square metres and house more than 300 local and foreign merchants, as well as an Ikea store, Ingka said …

Bloomberg A meeting of Saudi Arabia, Russia and other members of the Opec+ group recommended an oil production cut, but didn’t agree on how big any reduction should be. The group secured Russia’s participation in six months of output curbs starting in January, Oman’s Oil Minister Mohammed Al Rumhy told reporters in Vienna as he left the meeting on Wednesday. …