Tuesday , 16 December 2025

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Oil rises to 2-week high as OPEC cuts weighed against US supplies

Bloomberg Oil climbed to a two-week high as investors weighed record compliance to output curbs by OPEC and its allies against expanding US supplies and a broader selloff in risk assets. Futures in New York rose as much as 1.1 percent after dropping for the first time in four sessions. While US crude inventories are forecast to have grown by …

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Supermarket casualties begin to pile up in Amazon-fuelled battle

Bloomberg This is how the grocery industry lives now. Regional chains are filing for bankruptcy. European-born discounters are expanding, forcing competitors to keep their own prices low. And Kroger Co. and Walmart Inc., the two largest grocers in the US, are investing in technology and expanding delivery as they try to fend off an incursion by Amazon.com Inc. It’s a …

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Pratt to ship spare engines for grounded IndiGo jets

Bloomberg Pratt & Whitney will provide spare engines within 40 days to get all grounded Airbus SE A320neo aircraft at India’s IndiGo flying again, with the first delivery scheduled for Wednesday, people with direct knowledge of the matter said. The engine maker communicated its plan on Tuesday to the jet’s biggest customer, the people said, asking not to be identified …

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