Bloomberg The UK’s oil and gas industry faces a struggle to recover from an investment slump sparked by the coronavirus and in the longer term will have to manage a prolonged decline in output, according to its trade body. Production may decline further this year and next, following a 5% decrease in 2020, Oil & Gas UK said in a …

Bloomberg Germany’s greenhouse-gas emissions fell by the most since 1990 last year as its exit from coal started to hit and the pandemic reduced transportation. Foreign Minister Heiko Maas is looking to put Europe’s biggest economy at the forefront of the fight against climate change, calling for the development of a global market for green hydrogen as a two-day energy …

Bloomberg Boeing Co. is scrutinising the flight-deck windows of some of its 787 Dreamliners as the beleaguered planemaker expands its search for potential manufacturing flaws that have delayed deliveries of its marquee jetliner, according to people briefed on the matter. Chicago-based Boeing has been testing the cockpit windows in a limited batch of aircraft after learning a supplier modified its …

Bloomberg Food-delivery company Deliveroo is seeking to raise 1 billion pounds ($1.4 billion) in a London stock market listing, buoyed by a rise in demand for its services during lockdowns. Besides the 1 billion pounds of new stock, some existing investors plan to sell shares, Deliveroo said in a statement, without providing details. Deliveroo, whose backers include Amazon.com Inc., was …

Bloomberg Dirt-cheap fares are popping up from airlines brave enough to expand or start out amid the Covid crisis, as they try to eke out sales and get a jump on competitors that have pared back operations. Airlines worldwide cut $1 billion of expenses a day last year to cope with the slump in passengers, and that’s given them some …

Bloomberg Virgin Atlantic Airways Ltd. is set to raise 160 million pounds ($223 million), as part of a financing package to sustain the carrier ahead of the expected reopening of international travel in the coming months. Richard Branson’s Virgin Group is set to provide the bulk of the funds, putting up about 100 million pounds. Another 60 million pounds will …

Bloomberg British Airways called on Prime Minister Boris Johnson’s government to set a firm plan for resuming international flights, including timelines and conditions the airline can use to plan ahead for summer season. IAG SA’s flagship airline is seeing a “great demand to travel and a real desire to allow British people to travel,” said Sean Doyle, BA’s chief executive …

Bloomberg Shoprite Holdings Ltd. switched its focus firmly towards taking market share in its home market of South Africa, after opting to withdraw from Nigeria and Kenya and move more cautiously in Angola. The more guarded approach comes after the continent’s biggest supermarket chain struggled with supply disruptions and getting money out of some countries. The company is seeking to …

Bloomberg European stocks opened higher as investors looked past turmoil in vaccine rollouts towards the prospects for economic recovery in the region. The Stoxx 600 Index rose 0.4%, with virtually all sectors in the green, including travel and leisure shares which have erased their pandemic losses. Germany, France and Italy decided in a coordinated step to suspend the AstraZeneca Plc …

Bloomberg China Mobile Ltd. is considering an A-share listing after the country’s largest wireless carrier was removed from the New York Stock Exchange (NYSE) under a Donald Trump-era investment ban, according to people familiar with the matter. The state-owned firm has discussed the potential offering with advisers as it looks for new avenues to fund its 5G network development, said …