Bloomberg Norwegian Air Shuttle ASA is entering the critical summer travel season with a bet that jet fuel prices will recede from 3 1/2-year highs — a position that risks weakening Chief Executive Officer Bjorn Kjos’s hand as he negotiates a potential buyout by the owner of British Airways. The Oslo-based low-cost airline, known for offering $99 flights between Europe ...

Bloomberg A new mobile app and marketing push weren’t enough to energise sales at Yum China Holdings Inc.’s Pizza Hut in the latest quarter. Systemwide, same-store sales missed analysts’ estimates, rising 3 percent compared with a projection for 3.3 percent growth. The disappointing results sent the company’s shares down as much as 10 percent in late trading in New York. ...

Bloomberg President Donald Trump praised crew members and passengers of a Southwest Airlines flight for their handling of an emergency landing two weeks ago after an engine exploded. Trump met in the Oval Office with five crew members and five passengers from Flight 1380, saying that they were “some incredible people.” The visit, arranged after the White House contacted the ...

DUBAI / WAM Emaar Properties recorded revenue for the first three months of 2018 of AED5.586 billion ($1.521 billion), 37 percent higher than Q1 2017 revenue of AED4.072 billion ($1.109 billion). This was led by significant progress achieved on projects under construction and the growth in malls and hospitality businesses. Emaar’s net profit grew by 20 percent to AED1.665 billion ...

Bloomberg BP Plc capped a shaky Big Oil earnings season on a more upbeat note, as shareholders reacted positively to the highest profit in years even as the continuing burden of oil-spill payments pushed debt higher. The results show how investors in the London-based company are feeling the effects of two life-altering events. BP is still paying its way through ...

Bloomberg Companies are buying renewable power at a record pace. AT&T Inc. and Walmart Inc. are among 36 businesses, government agencies and universities that have agreed to buy 3.3 gigawatts of wind and solar power so far this year. That’s on track to shatter the previous high of 4.8 gigawatts of disclosed deals last year, according to a report by ...

Bloomberg While plunging output in Venezuela captures the oil world’s attention, problems are quietly festering in another OPEC nation. Angola, once Africa’s biggest crude producer, is suffering sharp declines at under-invested offshore fields, with output dropping almost three times as much as the nation pledged in an accord with fellow OPEC members. With the losses set to accelerate — a ...

Bloomberg First-quarter profit at Saudi Basic Industries Corp., the Middle East’s biggest petrochemicals producer, rose on higher prices and sales volumes, in spite of a 1.1 billion Saudi riyal ($290 million) charge for restructuring. Net income increased 5.4 percent to 5.51 billion riyals compared with the same quarter a year earlier, the Riyadh-based company said in a statement to the ...

Bloomberg Inside the largest refiner merger of all time is a hidden pipeline grab. Andeavor purchased a 25 percent stake last week in Phillips 66 Partners LP’s Gray Oak pipeline, which will haul Permian shale oil to the US Gulf Coast starting in the end of next year. The integrated refining company also owns oil gathering assets in the world’s ...

Bloomberg US stocks opened lower on Tuesday, when much attention will be focused on Apple Inc.’s earnings report after the close. The dollar extended its rally, while UK equities climbed during a lackluster session in which many major markets were closed. The S&P 500 Index fell in morning trading, with industrial and energy stocks leading a broad-based, if shallow, decline ...