Bloomberg A reluctance by banks in Ghana to lend is threatening to stall one of Africa’s fastest expanding economies. With almost a quarter of all outstanding loans in the country at risk of not being repaid, credit granted to the private sector is increasing at nearly the slowest pace in four years. At stake is the 6.8 percent growth that …

Bloomberg Pakistan’s central bank has increased the amount of red tape needed to access dollars, according to people with knowledge of the matter, as the nation’s foreign-exchange reserves drop at the fastest pace in Asia. The State Bank of Pakistan has told banks after a currency devaluation last month that importers will need to inform the regulator of any requests …

Bloomberg Bombardier Inc. is flying high — and analysts from Goldman Sachs Group Inc. to AltaCorp Capital Inc. say the rally has plenty of room to continue. The Canadian planemaker is heading for its biggest annual stock gain in almost three decades, only two years after its shares dipped below C$1. The private-jet market is rebounding just in time for …

Bloomberg China Southern Airlines Co., one of the nation’s top three state carriers, is exploring a joint venture with British Airways for flights between the Asian country and the UK, according to the company’s global sales director. Asia’s biggest carrier by fleet size is discussing with IAG SA’s BA on how to extend cooperation beyond the existing basic code-share agreement …

Bloomberg Norwegian Air Shuttle ASA rose the most in three weeks after record revenue and a surprise profit added an unexpected sheen to the low-cost carrier that’s getting takeover interest from competitors. The shares gained as much as 8.2 percent after Norwegian reported record second-quarter revenue of $1.3 billion and net income of 296 million kroner, when analysts expected a …

Bloomberg As Dunkin’ Brands Group Inc.’s new chief executive officer takes the reins, the tight US labour market has his attention. One solution to the staffing crunch, according to Dave Hoffmann, who assumed the top post at the coffee-and-doughnut chain this week, is for the US to provide more student visas for foreigners participating in work-study programmes. “There may be …

Bloomberg Ryanair Holdings Plc grounded dozens of flights as pilots in its Irish home market walked out after failing to agree to new contracts as part of a move towards unionisation at the discount giant. As of 6 am local time, Dublin Airport’s website listed as cancelled departures to 16 cities including London, Birmingham and Manchester, England, with a similar …

ADEN / WAM The Emirates Red Crescent (ERC) has renewed its commitment to fulfil the urgent needs of Yemeni communities, through its support of the country’s Ministry of Social Affairs and Labour. During a meeting with Dr Abtahaj Al-Kamal, Yemeni Minister of Social Affairs and Labour, Saeed Al Kaabi, ERC’s Representative in Aden, reviewed the activities carried out by ERC …

Bloomberg China vowed to fight back against the Trump administration’s plans to impose tariffs on an additional $200 billion in Chinese goods, escalating a trade war between the world’s two biggest economies. Beijing described the latest US move as “totally unacceptable” bullying, and urged other countries to join China to protect free trade and multilateralism. China promised to lodge complaints …

Bloomberg OPEC expects supplies from its rivals to increase by the most in five years in 2019, with extra oil from the US alone sufficient to meet the growth in global demand. In its first detailed outlook for 2019, the Organization of Petroleum Exporting Countries indicated that the North American oil boom means OPEC members are already producing enough crude …