Bloomberg Aerion Corp., backed by Texas billionaire Robert Bass, has hit a snag in one of the most crucial milestones toward building the first business jet able to fly faster than the speed of sound. The selection of an engine supplier for the plane, which Bass once said would occur in the first half of this year, is now …

  Zhuhai / AFP Aerospace giants Boeing and Airbus took potshots at one another at the Zhuhai air show, as the US and European rivals seek to capture more of China’s booming aircraft market. China is one of the Western manufacturers’ key battlegrounds, with its travellers taking to the skies in ever-growing numbers. The country’s airlines will need nearly 6,000 …

  DUBAI / Reuters Standard Chartered’s Islamic division is seeking banking licences in three African countries in order to offer its services to the continent’s large Muslim population. Standard Chartered Saadiq could enter at least one of these markets – Nigeria, Botswana and Zambia – as early as 2017, Mohammad Ali Allawalla, who is head of Islamic banking for retail …