Bloomberg Virgin Atlantic Airways Ltd. said commercial head Shai Weiss will take over as chief executive officer as billionaire founder Richard Branson prepares to cede majority control of the UK carrier. Craig Kreeger will stand down as chief at the end of this year, with Weiss taking the helm on January 1, 2019, the Crawley, England-based company said. The switch …

Bloomberg The speed of the instant payment highway has regulators in Norway thinking about the guardrails. The central bank is stepping up efforts to improve the country’s banking infrastructure as the spreading use of instant payments drives credit risk higher at banks. The problem lies in the fact that customers get their money before it’s actually transferred to their banks. …

Bloomberg Investors have seen the peak of the US 10-year Treasury yield this year as brewing trade tensions and a stronger dollar curb its advance, according to Morgan Stanley. “3.12 percent was it,” Morgan Stanley global head of interest-rate strategy Matthew Hornbach wrote in a note to clients. “We suggest investors buy 10-year Treasury notes outright,” he said, with the …