Bloomberg Deutsche Lufthansa AG said threats to its financial outlook are mounting after a fare war and stuttering global economy dented second quarter-earnings, adding to the gloom surrounding Europe’s airline industry. Lufthansa warned that the fight for market share means business trends could deteriorate further in the second half, sending the stock down 7.4 percent even as the group stood …

Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary harangued Boeing Co over the grounding of the 737 Max jet, saying he’s concerned the Irish carrier will receive zero planes by summer 2020. Ryanair, Boeing’s biggest European customer for the Max, has already slashed its estimate for the number of aircraft likely to be available for next year’s peak season. …

Bloomberg Shoprite Holdings Ltd rallied the most in 22 years after Africa’s largest food retailer said second-half sales climbed as it took market share. Sales in the second half rose 6.5 percent as its core South African business returned to full operational strength, the Cape Town-based supermarket operator said in a statement. The owner of chains including Checkers and U-Save …

Bloomberg UK demand for unsecured debt stabilised last month while mortgage approvals increased, Bank of England figures show. While households have been tightening their belts this year as Brexit clouds the outlook, the June figures suggest consumers, the mainstay of economic growth, are still willing to spend. Retail sales unexpectedly surged after two months of declines, ONS figures showed. Mortgage …

Bloomberg Primark is asking landlords to cut its rents in an attempt to compete with rivals that used insolvency proceedings to reduce costs and remain open, the Sunday Times reported, without saying where it got the information. The fast-fashion retailer is asking for cuts of as much as 30 percent on contracts with several years left in exchange for lease …

Bloomberg Beyond Meat Inc plummeted 11 percent on a plan by inside shareholders and the faux-meat company to sell more than 3 million shares, just three months after it went public. The transaction will let early investors such as Kleiner Perkins and Obvious Ventures and executives including Chief Executive Officer Ethan Brown take profits on a small portion of their …

ABU DHABI / AGENCIES Abu Dhabi’s Mubadala Investment Company on Monday released its full-year 2018 annual review showcasing operational performance and significant scale across sectors with strong growth potential. Despite global macroeconomic turbulence in the fourth quarter of the year, the group delivered stable financial results, with total comprehensive income at AED12.5 billion. In line with Mubadala’s strategy to diversify …

Bloomberg China has tapped Saudi Arabia for a record volume of crude as the world’s biggest exporter plugs a shortage from sanctions-hit Iran. Asia’s biggest buyer shipped 7.72 million metric tonnes of crude, or 1.89 million barrels a day, from Saudi Arabia last month, according to data from China’s General Administration of Customs. Shipments from the Opec producer made up …

Bloomberg Mexico’s future energy minister was looking for inspiration two years ago when she toured the world’s largest refining complex, a 7,500-acre maze of industrial plants and pipes in India where more than a million barrels of oil can be turned into fuel and petrochemical products each day. Rocio Nahle, who became energy minister under Mexico’s new government in December, …

Bloomberg Pakistan is planning a wave of new wind and solar plants that will expand its clean energy capacity to about fifth of its total. The South Asian nation plans to increase its renewables by more than four times by adding as much as 7 gigawatts to bring its total to 8-9 gigawatts by 2025, said Nadeem Babar, head of …