Bloomberg Saudi Arabia rejected concerns that it’s planning to oversupply global oil markets and said it will actually trim crude exports next month. The kingdom bolstered production by the most in three years last month, pumping almost 10.5 million barrels a day. Yet it signalled that it won’t go any further for now, saying exports this month will be “roughly …

Bloomberg Anyone following clean energy knew this could be a tough year for solar. Goldman Sachs Group Inc. just put a grim number on how bad. The pace of global installations will contract by 24 percent in 2018, Goldman analysts said in research note. That’s far more dire than 3 percent decline forecast by Bloomberg NEF in the bleakest of …

Bloomberg The Trump administration’s decision to consider tariffs on uranium imports may raise the cost of fuel for nuclear reactors and undermine a separate initiative to shore up struggling electricity generators. The Commerce Department said it will probe whether uranium imports “threaten to impair” national security. US miners Energy Fuels Inc and Ur-Energy Inc, which requested the probe in January, …

Bloomberg Mapbox Inc., backed by SoftBank Group Corp., says it has a role to play in Masayoshi Son’s vision for ride-hailing and autonomous cars. The provider of mapping data for Tinder, Evernote and Facebook Inc. in October raised $164 million in a funding round led by the SoftBank Vision Fund. The infusion was aimed at helping Mapbox go beyond maps …

Bloomberg The Farnborough air show, best known as the year’s biggest marketplace for passenger planes, also acts as a testbed for the aviation industry’s wilder imaginings. Vying for attention with billions of dollars in jetliner deals at this year’s expo is a smorgasbord of new technologies, many seemingly intent on eliminating the human from the equation. Boffins at UK engineering …

Bloomberg Niu, the Chinese company that sells so-called smart electric scooters in 27 countries, is pursuing an initial public offering that could raise about $300 million, people with knowledge of the matter said. The startup, founded in 2014, is working with advisers on the potential IPO, said the people, who asked not to be identified because the information is private. …

Bloomberg It took a mere decade for airborne web surfing to shift from novelty offering to essential airline service. Yet for Gogo Inc., the largest provider in the field, selling an amenity that almost everyone wants has oddly become a business that stinks. The company operates two units, one focussed on business aviation and the other on commercial airlines. The …

Bloomberg In the high-stakes drama of soured loans and failed investment banking ambitions that is European finance, Sergio Ermotti has a problem others would love to have: His UBS Group AG is starting to look a little dull. Seven years after a sweeping revamp of the bank, whose tilt toward wealth management became a blueprint for rivals, the chief executive …

Bloomberg Banks are going even more mobile. US Bancorp this week was the latest to say it will build a nationally available checking-account product as lenders introduce mobile offerings that let consumers do their full banking without a branch. The move follows similar announcements by some of the country’s largest banks including JPMorgan Chase & Co., Citigroup Inc. and PNC …

Bloomberg The Nordic region’s biggest bank reported profit in the second quarter that exceeded market estimates, and committed to a forecast that it will make more money in 2018 than it did last year. Nordea Bank AB saw net income grow to 1.09 billion euros, just beating the 1.05 billion-euro estimate in a Bloomberg survey of analysts, according to a …