Bloomberg Oil rises for an eighth straight week as tensions between Ukraine and Russia heightened concern about tight global supplies. The global benchmark rose 1.3% this week, touching $95 a barrel before paring gains. National Security Advisor Jake Sullivan said that the US believes Russia could take offensive military action or attempt to spark a conflict inside Ukraine as …

  Bloomberg ConocoPhillips, one of North America’s largest energy explorers, is considering a sale of operations worth more than $1 billion in the Permian Basin, according to people with knowledge of the matter. The company is working with an adviser to run an auction process for the assets, said the people, who asked not to be identified because they weren’t …

  Bloomberg Reliance Industries Ltd, helmed by Asia’s richest man Mukesh Ambani, aims to be among the largest producers of blue hydrogen at “competitive cost” in its ambitious green-energy transition plan. The Mumbai-based company will re-purpose a $4-billion plant that currently converts petroleum coke into synthesis gas to produce blue hydrogen for $1.2-$1.5 a kilogram, according to a presentation. So-called …

  Bloomberg Aerojet Rocketdyne Inc’s chairman and three directors asked a judge to block the CEO and her allies on the board from using company resources in a fight for control of the rocket-engine maker. A lawsuit revealed long-simmering tensions between Chairman Warren Lichtenstein and Chief Executive Officer Eileen Drake who are at the heart of a proxy battle launched …

  Bloomberg Singapore Airlines Ltd has resumed recruitment of cabin crew, ending a hiring freeze over the past two years as the Covid-19 pandemic decimated air travel around the world, Channel News Asia reported. The resumption of hiring for cabin crew comes as travel to and from the city-state recovers and countries around the world ease travel restrictions following an …

  Bloomberg Walmart Inc will no longer require fully vaccinated employees to wear masks unless required by state or local rules, effective immediately. In addition, a policy allowing five extra days of paid time off for workers testing positive for Covid-19 will end on March 31 as planned, Walmart said. Daily health screenings will no longer be needed for workers, …

  Bloomberg The Bank of England (BOE) has begun talks with the UK Debt Management Office and the Treasury over how to handle active sales of bonds held in its quantitative easing (QE) portfolio, according an official with knowledge of the matter. The discussions come as the central bank last week said it would begin running down its 875 billion …

  Bloomberg Hong Kong’s banks will suspend operations at one in every four branches in the city after a number of employees were infected with Covid, the South China Morning Post has reported. HSBC Holdings Plc, Standard Chartered and Bank of China and another 13 major lenders will close a total of 276 branches. The closures started last week and …

  Bloomberg Starling Bank Ltd. is weighing plans for a fresh funding round that could value the UK challenger at around 2.5 billion pounds ($3.4 billion). The digital lender is considering raising money from its existing backers, which include Goldman Sachs Group Inc., the people said, asking not to be identified because the information is private. London-based Starling is bidding …

  Bloomberg Banco de Sabadell SA is exploring a sale of its payments business, according to people familiar with the matter. The Spanish banking group is working with an adviser on the potential disposal, which could fetch between 250 million euros and 350 million euros. The payments business handles the processing of transactions made with credit and debit cards. Any …