Bloomberg Electric flying taxis may be cleared for takeoff in European skies by 2024 or 2025, according to the region’s top air-safety regulator. Piloted craft that take off vertically could see commercial use carrying packages before passengers, Patrick Ky, executive director of the European Union Aviation Safety Agency (EASA), said in an online event. Autonomous drones will take at least …

Bloomberg BMW AG will raise its earnings forecast for the year because it expects an antitrust fine from European Union will be much smaller than anticipated two years ago. The automaker said it will get a roughly $1.2 billion boost to earnings this quarter from revaluing a provision for an EU fine over allegations that it colluded with its German …

Bloomberg Shortages in the semiconductor industry, which have already slammed automakers and consumer electronics companies, are getting even worse, complicating the global economy’s recovery from the coronavirus pandemic. Chip lead times, the gap between ordering a chip and taking delivery, increased to 17 weeks in April, indicating users are getting more desperate to secure supply, according to research by Susquehanna …