Bloomberg South African Airways is in talks with its existing banks, new lenders and the government. But talking won’t pay off 12.7 billion rand ($842 million) of imminently maturing debt. The stricken state-owned carrier called a media briefing to “give assurances to stakeholders about the airline currently and into the future” following the surprise departure of Chief Executive Officer Vuyani …

Bloomberg Consumer advocate Ralph Nader said the larger engines mounted to the Boeing 737 Max represented a design flaw and called for the plane to be permanently grounded. The 737 Max “must never fly again,” Nader said. “It’s not a matter of software. It’s a matter of structural design defect: the plane’s engines are too much for the traditional fuselage.” …

Bloomberg Real-estate developer Group Mach Inc offered to buy tour operator Transat AT with potential support from the Quebec government, topping a friendly proposal by Air Canada that had been criticised by some shareholders. Mach is offering C$14 a share in cash for Montreal-based Transat, C$1 per share more than the Air Canada bid. The unsolicited proposal is worth more …

Bloomberg Bombardier Inc climbed the most in three months on word that the company is in talks to sell its CRJ regional jet programme to Mitsubishi Heavy Industries Ltd, a move that would end the Canadian industrial champion’s involvement in commercial aircraft. Both sides confirmed they were in discussions after the Air Current reported that negotiations were at an advanced …

Bloomberg Russia’s average daily oil output in May fell below its Opec+ target for the first time this year after buyers refused to take exports via Druzhba, the nation’s key pipeline to Europe, because of contamination. The country produced just more than 47 million ton-nes of crude oil and condensate in May, according to preliminary data from the Energy Ministry’s …

Bloomberg President Donald Trump claims China is paying his tariffs; furniture salesman Mack Yuan in the east-coast commercial heartland of Zhejiang begs to differ. “We don’t pay any tariffs,” says Yuan, whose company Dakang Holdings Co sells about half its products to the US, including to Walmart Inc and Costco Wholesale Corp. The impact of Trump’s tariff hike on $200 …

Bloomberg If euphoria was the concern, you can stop worrying. With books now closed, the S&P 500 has formally delivered its worst May return in seven years and second-worst since the 1960s, falling 6.6 percent. For tech traders watching the Nasdaq 100, the experience was only a shade less harrowing than the crash months of October and December. Peace has …

Bloomberg There is little on the horizon that can help the pound regain its footing as investors brace for subdued UK economic data and the risk of a euroskeptic prime minister. Sterling fell for a third month against the dollar in May and touched its weakest level since January versus the euro amid persistent market anxiety about Britain’s political upheaval …

Bloomberg The Ohio House of Representatives approved a measure that would subsidise the state’s struggling coal and nuclear plants after lobbying from a member of President Donald Trump’s re-election campaign. Bob Paduchik, who also led the Ohio Trump campaign in 2016, called lawmakers urging them to support the legislation and stressing that the president was behind it as well, according …

Bloomberg The US has a message for the rest of the world: Get ready for a lot more “freedom gas.” The country’s growing muscle as a natural gas exporter isn’t only seen by the Trump administration as an economic boon at home — it’s also viewed as a foreign policy tool. That view was articulated as the Department of Energy …