Bloomberg Zhejiang Geely Holding Group Co. is considering raising about $1 billion to help expand its iconic British sports and racing automotive business Lotus Cars into the electric vehicles market in China. Geely is working with advisers to sound out potential investor interest in a funding round that could value Lotus’s EV operations at about $5 billion, the people said. …

Bloomberg Microsoft Corp. is buying speech-recognition pioneer Nuance Communications Inc. in an all-cash deal valued at $19.6 billion, gaining artificial-intelligence technology aimed at helping doctors predict patients’ needs and upgrading hospitals’ digital record-keeping. The software giant is offering to purchase Nuance at $56 a share, ccording to a statement, which confirmed an earlier Bloomberg report. The deal marks Microsoft’s largest …

Bloomberg Oil advanced for a third day after the International Energy Agency (IEA) lifted its forecasts for demand and an industry report pointed to another decline in US crude stockpiles. Futures rise 1.6% in New York and are heading for the longest run of gains in over a month. The International Energy Agency lifted its forecasts for oil consumption this …

Bloomberg Boeing Co topped Airbus SE in quarterly jet sales for the first time since early 2019, when the US planemaker spiraled into crisis because of a global grounding of its 737 Max after two fatal crashes. Gross orders in the first quarter totalled 282 aircraft, according to sales data posted to Boeing’s website. Including cancellations and an accounting adjustment …

Bloomberg Qantas Airways Ltd expects all of its Airbus SE A380s to return to the skies, a signal of confidence that demand for global air travel will recover and make the superjumbo viable again. “We think we will reactivate all of the A380s. We spent a lot of money on them,” Qantas Chief Executive Officer Alan Joyce said at a …

Bloomberg A French initiative to ban commercial air travel on some domestic routes could prove to be an example for other countries seeking to make flying cleaner. The bill making its way through parliament would forbid conventional air travel when there’s an alternative by train that takes under 2.5 hours. The legislation advanced in the National Assembly over the weekend …

Bloomberg Nykaa E-Retail Pvt has selected banks for its initial public offering in Mumbai that could raise at least $500 million, according to people familiar with the matter. The online cosmetics retailer is working with Kotak Mahindra Capital Co and Morgan Stanley on the potential offering, said the people, who asked not to be identified as the information is private. …

Bloomberg Letko Brosseau & Associates Inc, one of Air Canada’s largest shareholders, says the terms of the government’s rescue package are fair and the airline’s stock could rise about 50% from current levels once the pandemic eases. Canada’s largest carrier reached a deal with the federal government for loans and equity worth C$5.9 billion ($4.7 billion). The company will get …

Bloomberg United Airlines Holdings Inc is forming a coalition of companies willing to contribute funds to increase the use of sustainable aviation fuels, including a first group of 11 that will purchase 3.4 million gallons this year. The airline also said that it’ll invite travellers to donate money to buy sustainable fuels or to contribute towards research to increase the …

Bloomberg Stocks rise and US futures were steady as traders turned their attention to earnings reports from companies including JPMorgan Chase & Co. and Goldman Sachs Group Inc. European equities edged higher on mixed results, with LVMH climbing on better-than-forecast revenue, while Barclays Plc and Tesco Plc slipped. Most Asian stocks climbed, although shares dipped in Japan amid concerns about …