Bloomberg Korean Air Lines Co is poised to order 30 widebody Boeing 787 aircraft, according to people familiar with the matter, in a deal that would be the first for the US planemaker at the Paris Air Show after rival Airbus SE clinched a series of sales. The deal was expected to be announced as soon as Tuesday, said the …

Bloomberg London’s Heathrow airport has unveiled final plans for the development of a third runway as Europe’s busiest hub seeks to boost flights and stay ahead of rival bases in Paris, Amsterdam and Frankfurt. The runway should be opened by about 2026, with the full project to be finished by 2050 as part of a phased addition of capacity aimed …

Bloomberg The impact of Target Corp’s weekend register glitch won’t show up until the retailer discloses quarterly revenue in August, but it could have cost the company about $50 million in lost sales, according to one analyst. Target’s registers went down for about two hours recentlyacross the chain, stemming from what the company called an “internal technology issue” that left …

PARIS / WAM Abu Dhabi’s Sanad Aerotech on Monday announced the conclusion of a landmark agreement with Rolls-Royce plc to become a Rolls-Royce Trent 700 Authorised Maintenance Centre (AMC). Sanad Aerotech is a maintenance, repair and overhaul (MRO) provider for aero engines and industrial gas turbines that is wholly owned by Mubadala Investment Company PJSC. The agreement, which is valued …

Bloomberg Huawei Technologies Co founder Ren Zhengfei expects US sanctions to curtail its revenue by about $30 billion over the coming two years, wiping out the networking giant’s growth by withholding critical American technology. Sales at China’s largest technology company will likely remain stagnant at about $100 billion in 2019 and 2020, the billionaire said during a panel discussion, quantifying …

Abu Dhabi / Emirates Business The importance of the regional pharmaceutical market will be discussed at the global pharmaceutical event CPhI Middle East and Africa, when it returns to Adnec in September, as the UAE’s pharmaceutical market is expected to increase in value to $4.5 billion by 2021. The event will tackle growing trend to import majority of pharma products …

Bloomberg Ukraine is warning European nations to prepare for a gas crisis amid skepticism it will agree on a new transit contract with Russia before the current deal expires. It’s “highly probable” that a new accord won’t be concluded by January 1, when the current agreement ends, according to Ukraine’s deputy foreign minister Olena Zerkal. That echoes skepticism by the …

Bloomberg Parsley Energy Inc. said it would be “attractive” for any potential buyer as the US shale driller expects to generate positive free cash flow in the back half of this year. “We are attractive for purchasers whatever type of investor it is,” Chief Executive Officer Matt Gallagher said in a phone interview. “That’s always a goal, an objective of …

Bloomberg Exxon Mobil Corp. and Saudi Arabia’s state-controlled petrochemicals company formally approved construction of a new chemical complex in Texas that will process production from the Permian Basin’s booming oil and natural gas wells. The project near Corpus Christi will be the world’s largest steam cracker and create $50 billion of “economic output” in the first six years, Exxon and …

Bloomberg US equity futures drifted on Monday while European stocks edged lower following a mixed session in Asia as a big week for central-bank policy gets underway. Treasuries fell and the dollar was steady. Contracts on the S&P 500, Dow Jones Industrial Average and Nasdaq 100 gauges struggled for traction, while the Stoxx Europe 600 Index slipped. Deutsche Bank boosted …