Bloomberg Shell Plc faces a new front in climate litigation as lawyers, supported by a group of shareholders, sue the oil giant’s board in the UK. Two years after a Dutch court ordered Shell to slash its emissions, ClientEarth are filing the first lawsuit of its kind anywhere in the world against 11 members of the board, accusing them of …

  Bloomberg ArcelorMittal SA cautioned on the outlook for steel demand, noting the woes of the Chinese real estate sector and tighter monetary policy could drag on consumption this year. Whether China will recover strongly after lifting tough coronavirus restrictions has been the key question for commodities markets. Industrial metals surged at the start of the year on bets of …

  Bloomberg A unit of Vitol group agreed to acquire Petroliam Nasional Bhd.’s 74% stake in Engen Ltd., South Africa’s largest fuel-station chain, forming a retailer that spans the continent. The acquisition of the controlling stake in Engen from the Malaysian national oil company by Vitol’s Vivo Energy will help the energy trader form a group with 3,900 service stations …