Bloomberg Tesla Inc. delivered more cars than expected in the first quarter, a strong start to a year in which Chief Executive Officer Elon Musk will be scaling global operations and building two more factories. The maker of electric vehicles delivered 184,800 cars worldwide in the first three months of the year, up from 180,570 in the fourth quarter, the …

NEOM / WAM Saudi Arabia will grant oil derivatives worth $422 million to Yemen, reported the Saudi Press Agency (SPA). Prince Mohammad bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defence, disclosed to Yemeni President Abdu Abd Rabbu Mansour Hadi — in a telephone call — of the plan that will help operate power stations in …

Bloomberg Airbus SE will buttress its moonshot plan to build a hydrogen aircraft by the middle of the next decade with an effort to power conventional jets with sustainable fuels. CEO Guillaume Faury said that he’s confident the European planemaker can bring a hydrogen plane into service by 2035. In the meantime, Airbus will work to increase the amount of …

Bloomberg Vietnam’s aviation authority proposed a gradual resumption in international passenger flight arrivals starting in July, the agency said in a post on its website. The agency suggests allowing limited weekly flights between Vietnam and Japan, South Korea and Taiwan with passengers subject to virus tests and 15-day quarantines, according to the website, which cited the agency’s proposal to the …

Bloomberg Standard Chartered Plc will formalise a hybrid working model for most of its UK staff as it moves forward with a sweeping overhaul of its working practices in the wake of the pandemic. The lender is rolling out the program to its 85,000 staff globally after 84% of the first wave of workers asked to keep the flexible arrangements …

Bloomberg New Zealand’s central bank has eased restrictions on bank dividend payments, allowing them to distribute as much as 50% of net income to shareholders. The decision partially reverses steps the Reserve Bank took in April last year to provide more credit to the economy via the banking system. The remaining 50% limit will be lifted in July 2022 subject …

Bloomberg Deliveroo Holdings Plc shares plunged as much as 31%, the worst performance in decades for a big UK initial public offering, dealing a blow to London’s efforts to establish itself as a hub for technology listings in the wake of Brexit. The stock dropped 23% to 299.55 pence at 9:49 am in London after the 1.5 billion-pound ($2.1 billion) …

Bloomberg Treasury yields rise with commodities before US President Joe Biden unveils an economic plan including a $2 trillion infrastructure boost. Stocks were mixed as traders weighed inflation and the tax impact of the new plan. US index futures and European stocks were little changed after Asia’s equity benchmark posted a second-day decline. The dollar fluctuated between gains and losses, …

Bloomberg Oil falls alongside a strengthening dollar as near-term risks to the demand recovery emerged ahead of a Opec+ meeting this week to decide on output policy. Futures in New York fall as much as 2.6%, with the Bloomberg Dollar Spot Index rising to the highest since November, thereby reducing the appeal of commodities priced in the currency. Weaker US …

Bloomberg China is strengthening efforts to clean up one of the dirtiest corners of its economy, and now plans for its mammoth steel industry to reach peak emissions within four years. The nation aims to hit peak carbon emissions before 2025, and reduce them by 30% by 2030, according to a WeChat post by the China Metallurgical Industry Planning and …