Bloomberg Airlines across the globe suspended more flights to China, as governments clamped down on travel to help stop the spread of the deadly Wuhan virus. British Airways halted daily routes to Beijing and Shanghai from London’s Heathrow airport, after UK officials advised against non-essential travel. The UK flag carrier said it would reassess over the next few days. Hong …

Bloomberg South African Airways’s (SAA) business-rescue team said it’s been given access to 3.5 billion rand ($239 million) from the state-owned Development Bank of Southern Africa (DBSA) to avert the airline’s collapse. The team will immediately draw down 2 billion rand from the facility, they said in a statement. SAA has already cancelled some flights this month to save cash …

Bloomberg De Beers sold the most diamonds since April in a sign the industry is starting to recover from a slump in demand last year, though the market will require more evidence of a sustained rebound. The Anglo American Plc unit sold $545 million of diamonds in its first sale of the year, traditionally one of the strongest buying periods …

Bloomberg Island Express Helicopters Inc, the California-based charter company involved in the latest crash that killed retired basketball star Kobe Bryant, has been involved in four previous crashes over the past 35 years, two of them fatal, according to government records. While the company hasn’t had an accident since 2008, it was cited in 2016 for failure to perform mandatory …

Bloomberg Ryanair Holdings Plc will reconsider its summer schedule and has warned employees of job cuts and base closures due to the protracted grounding of Boeing Co’s 737 Max jet, according to a memo to staff seen by Bloomberg. Europe’s biggest low-cost airline will redraw its summer 2020 timetable with 10 fewer planes, as it now only expects the first …

Bloomberg Developers for some of the world’s biggest wind farms are poised to get a boost from the European Union under a new strategy aimed at ensuring the industry makes a larger contribution to low-carbon power supplies. Energy Commissioner Kadri Simson said officials in Brussels are working on a package of measures that will help stimulate the offshore wind industry. …

Bloomberg Oil traded near the lowest close since mid-October as the market was dominated by alarm that the deadly coronavirus will hurt economic activity in China and beyond. Futures held near $53 a barrel in New York after losing 9% during five straight days of declines on concern reduced travel will hit jet fuel demand in the world’s biggest oil …

Bloomberg It’s almost as if the last decade never happened for investors of Exxon Mobil Corp shares. Once the gold-standard of Big Oil, the stock closed on January 27 at its lowest since October 2010, amid a slump in oil prices due to concerns about weak demand coupled with a glut. The S&P 500 also posted its worst one-day decline …

Bloomberg Oil giant Total SA is being sued by 14 local governments and a handful of non-governmental organisations in France for not doing enough to reduce its carbon emissions and fight global warming. The legal challenge is the latest sign that the biggest oil companies are coming under increasing pressure from activists, investors and governments to cut emissions as the …

Bloomberg As major players jostle for market share in large-scale power storage, American Electric Power and Nissan Motor Co are testing new technology that re-uses old electric vehicle batteries to slash costs. The pilot study in Ohio will road test technology that could lower system costs by about a half and extend the life of lithium-ion batteries by about a …