Bloomberg Tax cuts have given a boost to Americans’ take-home pay this year. The question hanging over the US economy is whether they are putting the extra cash towards savings and debt, or using it to go shopping. Retail-sales data due on Monday from the Commerce Department will help provide an answer, and economists are betting that consumers finally opened …

LONDON / Reuters Rolls-Royce requires more money and more inspections to fix problems with Trent 1000 engines on Boeing 787 Dreamliner planes, leading to further disruption for airlines and testing relations between Rolls and its customers. Problems with engine turbine blades wearing out sooner than expected have hampered a restructuring programme prompted by the engineering company’s declining older engine programmes …

SHANGHAI / WAM Saudi Arabia’s ACWA Power and China’s Shanghai Electric have signed an Engineering, Procurement, and Construction (EPC) contract for the 700MW fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park. Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), said, “I am pleased to be here today (Saturday) in Shanghai …