VIENNA / WAM Support for economic recovery, new infrastructure funding and boosting food security are some of the highlights of the projects the Opec Fund for International Development has approved at the 179th session of its Governing Board in Vienna on Thursday. The $233 million in new funding will benefit public sector projects promoting sustainable development around the world. …

Bloomberg European natural gas prices rose as the market continues to weigh the risk of potential supply disruptions and further sanctions against Russia. The EU has so far been reluctant to ban energy flows from its top gas supplier Russia. Yet, European Commission President Ursula von der Leyen said on Twitter that the bloc and its partners “will keep up …

  Bloomberg Saudi Arabia will start construction of a green hydrogen plant as soon as this month as it pushes ahead with plans to export the fuel in about four years. The kingdom is on track sell carbon-free hydrogen from a $5 billion project in Neom by 2026, according to Peter Terium, the head of energy and water for the …

  Bloomberg Americans are finally getting out of the house as pandemic restrictions melt away like the winter snow. But Lowe’s Cos and Home Depot Inc are betting they can keep consumers interested in home-improvement projects via online and in-person workshops on bathroom upgrades and lawn care. Both retailers want to hold onto the customers that they gained during the …

  Bloomberg South African airline group Comair Ltd resumed flights after being given the all clear by the country’s Civil Aviation Authority, which was investigating a series of incidents over concerns about safety. The decision allows the local operator of British Airways and owner of the low-cost Kulula carrier to restart services on Thursday after a five-day grounding, restoring about …

Bloomberg Delta Air Lines Inc Chief Executive Officer Ed Bastian said the coronavirus crisis is effectively over as far as the travel sector is concerned, with demand comfortably outweighing any impact from Russia’s war in Ukraine. Delta had the two busiest days for sales in its near 100-year history last week, while the North Atlantic market has been swamped with …

Bloomberg US airline stocks jumped the most in the S&P 500 Index after carriers said they will trim flying to remain on track toward profits even as fuel prices rise. Several of the largest carriers, including United Airlines Holdings Inc and American Airlines Group Inc, cut their capacity forecasts for the first quarter, while Delta Air Lines Inc held growth …

  Bloomberg Grupo Aeromexico SAB’s shares fell near the lowest price on record as the company takes the final steps to emerge from Chapter 11. The stock plunged 29% to 0.41 pesos as the window closed on a voluntary tender offer that will substantially dilute existing shareholders. The price is expected to reach zero throughout the day. Aeromexico won court …

  Bloomberg Ocado Group Plc shares approached a two-year low after its online grocery joint venture with Marks & Spencer Group Plc warned that revenue may grow less than expected amid rising energy costs. Ocado Retail, as the venture is called, said it’s starting to cut costs across the business after first-quarter sales dropped 5.7%. Ocado shares fell as much …

  Bloomberg Indonesia’s central bank left its policy rate unchanged, seeking to sustain its recovery while keeping a close eye on core inflation and the impacts from the war in Ukraine on the global economy. Bank Indonesia kept the seven-day reverse repurchase rate at 3.5% on Thursday, as predicted by all 29 economists in a Bloomberg survey. The rate has …