Bloomberg South African Airways’s suppliers are slashing payment periods to reduce the risk of losing out from a collapse of the troubled state carrier, which is struggling to pay lenders 5 billion rand ($361 million) due by the end of this month. Companies with contracts with SAA are cutting settlement terms to seven days from 21 days as the creditor …

Bloomberg Airbus SE could opt to drop the role of commercial aviation chief when incumbent Guillaume Faury is promoted to lead the entire company next year, simplifying the group’s structure amid an ongoing fraud probe. The move would concentrate power in the hands of Faury as chief executive officer and reinforce the idea that the jetliners arm — where most …

Bloomberg Thousands of Dolce & Gabbana goods have been pulled from China’s biggest shopping websites after the Italian fashion house’s marketing went off the rails in a country that’s driving the industry’s growth. Calls for a boycott against the label gained traction after a video campaign showed a Chinese model struggling to eat spaghetti with chopsticks — a depiction that …

Bloomberg Saudi Aramco aims to become a global refiner and chemical maker, seeking to profit from parts of the oil industry where demand is growing the fastest while also underpinning the kingdom’s economic diversification. The world’s biggest oil exporter is earmarking $500 billion to invest over the next 10 years, including $160 billion for natural gas developments and $100 billion …

ABU DHABI / WAM Al Hilal Bank is the first Islamic bank in the world to leverage blockchain technology for the resale and settlement of an Islamic sukuk. Blockchain was used to transact a secondary market deal in Al Hilal Bank’s $500 million senior sukuk maturing in September 2023. This was the first time that block-chain has been used worldwide …

Bloomberg Plans in Australia to import gas to ease a supply squeeze may fail to bring down domestic prices as it pits the nation against some of the world’s biggest buyers for supplies. Australia finds itself in the odd position of having to consider four projects to import liquefied natural gas (LNG) while simultaneously being on track to become the …

Bloomberg President-elect Jair Bolsonaro is pursuing the sale of Brazil’s deep-sea treasure-trove of oil, but just weeks after his election he’s facing the same political obstacles as his two predecessors. While Bolsonaro’s transition team argues the sale could net some $30 billion to help plug fiscal deficits, a squabble over how to divvy up the spoils between various states and …

Bloomberg An influential panel of lawmakers in UK parliament is encouraging the government to develop hydrogen as a way to provide a green form of heat for industry and homes. The Committee on Climate Change, which advises the government on energy and environmental policies, said ministers should write a strategy for removing carbon emissions from heat in the next three …

Bloomberg Oil rose from its lowest settlement in more than a year in New York. Futures added 1.7 percent, after slumping 7.7 percent. Saudi Arabia is pumping as much as 11.2 million barrels of crude a day, the most since the kingdom extracted its first oil eight decades ago, according to a person familiar with the matter. Theb West Texas …

Bloomberg Justin Trudeau’s federal budget update stirred some anger in Canada’s oil-rich West. Alberta’s Finance Minister Joe Ceci, while welcoming corporate tax breaks announced, said he was disappointed that the urgent need to ease a dramatic crude-shipping glut and price crash wasn’t addressed. The tax changes that will allow businesses to write off capital investments more quickly will help oil …