Bloomberg Some of Deutsche Bank AG’s top financial supervisors have doubts that Chief Executive Officer Christian Sewing’s latest pick for the management board is qualified for the job. Several watchdogs are worried that Michael Ilgner, hired as head of human resources from a small non-profit, doesn’t have experience leading large organisations or the banking background needed to join the top …

Bloomberg French economic growth will cool slightly at the end of the year amid pressure on industry from the global slowdown, the Bank of France said. The softer pace of expansion indicates the euro area’s second-largest economy isn’t immune to the downturn in trade and manufacturing that’s hurting countries across the currency bloc. Until now, France had shown more resilience …

Bloomberg The European Central Bank (ECB)could consider giving non-banks access to its balance sheet to keep control over money-market rates, according to Executive Board member Benoit Coeure. Speaking at a money-market workshop in Frankfurt, Coeure highlighted a “possible risk” that the new short-term rate called ESTR — designed to provide a more complete picture of actual borrowing conditions — “might …

Bloomberg European banks have found a silver lining to their recent troubles: they can make a case that they’re too weak to abide by new regulations being set by Brussels. After years fighting a rearguard battle against tighter requirements set by global regulators, some bankers in Europe now say they sense an opportunity to persuade local policy makers to go …

Bloomberg A Federal Aviation Administration (FAA) official wrote a memo last month saying that Southwest Airlines Co should ground 49 of its airliners because repairs were performed that didn’t meet legal standards. There is “a high likelihood of a violation of a regulation, order or standard” of the FAA, and the US regulator needs to take immediate action to revoke …

Bloomberg Amazon.com Inc plans to launch a new supermarket brand distinct from the Whole Foods Market chain the company acquired two years ago, a sign of the retail giant’s hunger for a slice of the grocery market beyond high-end organic food. The company has posted four job listings for “Amazon’s first grocery store” in the Woodland Hills neighbourhood of Los …

Bloomberg Beyond Meat CEO Ethan Brown may not be selling his company shares anytime soon but that isn’t stopping other executives from cashing out gains after restrictions ended last month. CFO Mark Nelson is the latest executive to sell 70,000 shares for $5.7 million, reducing his stake in Beyond Meat by 16%, according to a filing. Chief People Officer Cari …

Bloomberg South African Airways (SAA) has started a restructuring process that could see the cash-strapped state-owned carrier cut its workforce by almost a fifth. As required by South African law, the airline has started talks with labour unions about its plans, which could affect 944 of its 5,149 employees, SAA said in an emailed statement. The proposed reorganisation includes all …

Bloomberg Malaysia’s aviation-safety downgrade makes Asia the region with the most markets where airlines are restricted from US airspace. The US Federal Aviation Administration (FAA) cut Malaysia to a Category 2 nation, banning the country’s carriers from setting up new flights to anywhere between New York and San Francisco. It cited deficiencies by the nation’s civil-aviation authority in areas ranging …

Bloomberg Oil retreated from a six-week high as ambiguous progress in US-China trade talks and worsening violence in Hong Kong damped sentiment across financial markets. Futures fell 1.2% in New York after President Donald Trump said that, while discussions with Beijing are moving along “nicely,” a deal hasn’t been reached and he won’t eliminate all tariffs. Meanwhile, Oman’s Oil Minister …