Bloomberg An Australian company plans to invest $3 billion in Saudi Arabia in a bet on the metals used in batteries for electric vehicles (EV). EV Metals Group Plc’s spending will be on building plants to process minerals including lithium and nickel, and later expand into exploring for the battery metals, Managing Director and CEO Michael Naylor said. It would …

Bloomberg Stocks and US equity futures fall on Tuesday, as traders focused on the risks that rising energy costs will keep inflation elevated and signs of a widening regulatory scrutiny by China. European equities slumped at the open, with cyclical industries including banks, auto-parts manufacturers and miners faring the worst. Futures on the S&P 500 and Nasdaq 100 fell less …

Bloomberg Thailand’s baht rallied the most since August as an easing of travel requirements for vaccinated visitors brightened the outlook for the tourist-reliant economy. The baht jumped as much as 1.4% to 33.426, the biggest gain since August 24. Visitors from 10 low-risk countries will not be required to undergo isolation on arrival from November 1, Prime Minister Prayuth Chan-Ocha …

Bloomberg UK power prices rose after a coal power plant switched on Monday to make up for a shortfall in wind generation and limited flows on two power cables to Ireland. Britain is set to end the use of coal within three years and to make power generation fossil fuel-free by 2035. For now the nation is still reliant on …

Bloomberg Chevron Corp committed for the first time to an aspiration of net zero emissions from its operations by 2050 as the company responded to rising investor and societal pressure to play a bigger role in a transition to a low-carbon future. Chevron is also incorporating its customers’ emissions into some of its goals, the San Ramon, California-based company said …

Bloomberg London Heathrow airport called on the UK to mandate the use of sustainable aviation fuels (SAF) to help the industry lower carbon emissions while fending off pressure from climate groups to curtail air travel. The hub is also seeking other policies that would scale up the production of SAF in the country, including a price-support mechanism and loan guarantees, …

Bloomberg The UK is facing a pilot shortage that could hamper the reopening of the travel industry, after hundreds of aircrew took early retirement or changed career during the pandemic, the Telegraph reported. The number of pilots who retired during the pandemic is believed to be at least double the usual levels, the newspaper said, citing sources in the aviation …

Bloomberg Singapore Airlines Ltd’s website was temporarily down over the weekend and travel agencies are seeing a surge in demand for flights after the city-state announced a plan to start quarantine-free travel with more countries as early as next week. Inquiries jumped more than five times the usual on Chan Brothers Travel’s website, according to the travel agent’s senior marketing …

Bloomberg Southwest Airlines Co cancelled more than a quarter of its scheduled flights, citing issues with air traffic control and disruptive weather as it works to resume normal operations. Some 1,018 flights — 28% of Southwest’s total for the day — were cancelled by the Dallas-based carrier as of 4:15 pm New York time on on October 10, according to …

Bloomberg Dolce & Gabbana (D & G) plans to remain independent to preserve its creative freedom, even as the Italian fashion house claws back sales lost to the pandemic and a bungled ad campaign in China. The privately held label is a favourite of investment bankers looking to drum up interest in a potential deal, but the Milan-based company has …