Bloomberg A Nigerian court restricted Royal Dutch Shell Plc’s access to its bank accounts in the West African country amid a legal dispute with a local oil producer over a pipeline deal six years ago. Aiteo Eastern E&P Co Ltd is demanding billions of dollars in damages, claiming Shell misrepresented the condition of the pipeline and under-counted the volume of ...

Bloomberg A Boeing 777-200 operated by United Airlines made an emergency return to Denver International Airport following an engine failure that rained debris on a city suburb. The airline said no-one aboard was injured. United Flight 328 was headed from Denver to Honolulu when the incident occurred around 1:30 pm, Federal Aviation Administration (FAA) spokesman Allen Kenitzer said by email. ...

Bloomberg Malaysia’s high court ordered that struggling budget carrier AirAsia X Bhd’s largest creditor Airbus SE be separated out from other stakeholders in restructuring talks for the airline. By putting Airbus in a category of its own, smaller creditors, who had pushed for a greater say, will likely gain a larger voice against the European planemaker in the debt talks. ...

Bloomberg American Airlines Group Inc and JetBlue Airways Corp kicked off the first phase of a marketing alliance in the northeastern US even though several states are investigating competition concerns and pilots at one of the carriers have objected. Nearly 80 routes sharing American and JetBlue codes go on sale, meaning travelers can book with one carrier for flights on ...

Bloomberg Singapore has started taking applications for a program that will allow people to enter the island for business and official purposes without having to quarantine for 14 days. The catch? They’ll have to stay in a bubble-like facility near Changi Airport, and can’t leave. The first visitors under the so-called Connect@Changi program are expected to arrive next month, Alan ...

Bloomberg Nestle SA, the world’s largest food company, reported its fastest sales growth in five years as stuck-at-home consumers adopted more cats and dogs, boosting demand for pet food. Revenue growth may cross the threshold of 4% and should at least match last year’s 3.6% pace, on an adjusted basis, CEO Mark Schneider said. Analysts have forecast 3.9% growth. Nestle’s ...

Bloomberg Hermes International sales jumped as the Birkin bag maker continued to benefit from its established appeal as a premium luxury brand. Sales rose 16% in the fourth quarter at constant exchange rates, almost twice as much as analysts expected. The leather goods unit was the main driver behind the performance. The shares rose as much as 8.9% to a ...

Bloomberg Canada’s largest banks are within striking distance of resuming profit growth — with the help of government programs that prevented major loan losses. The country’s six biggest banks are expected to post an 11% average decline in adjusted earnings per share when they report fiscal first-quarter results next week, according to analysts’ estimates compiled by Bloomberg. The comparable quarter ...

Bloomberg Access Bank Plc, Nigeria’s biggest lender is looking to generate as much as 30% of profit outside its home market, following a series of acquisitions spanning East and West Africa last year. The lender expects African subsidiaries and its UK unit to account for about 25-30% of profit before tax in the next three to five years from 21% ...

Bloomberg China’s banking regulator imposed new restrictions on banks and financial institutions working with online microlenders including those led by Jack Ma’s Ant Group, dealing further blows to one of the fastest-growing business segments for financial-technology behemoths. Banks must cap overall joint lending with internet platforms or other partners at no more than 50% of their outstanding loans, the China ...