Bloomberg Veolia Environnement SA will buy a 29.9% stake in Suez SA from Engie SA for 3.4 billion euros ($4 billion), setting the stage for a full takeover — and potentially a long and acrimonious corporate battle. Engie’s board agreed to sell the stake after Veolia increased its price for its holding by 16% and offered guarantees on employment. A ...

Bloomberg ConocoPhillips is in talks to acquire rival Concho Resources Inc, according to people familiar with the matter, as one of America’s largest independent oil explorers looks to make a bold bet on shale during an historic industry downturn. The companies may announce a deal in the next few weeks, said the people, who asked to not be identified because ...

President Donald Trump took a tiny step back from his repeated refusals to say he’ll leave office if he loses the election. Yet he continued to portray a fair election as nearly impossible. The result is to continue to cast doubt on the election result and give himself room to challenge it if he loses the election “unfairly.” These claims ...

Another year, another conviction for yet another set of former managers of the world’s oldest bank. From afar, the Byzantine tale of Banca Monte dei Paschi di Siena SpA’s repeated failings — shameful as they are — might look like the company’s problem alone. But that isn’t the case. It’s bad enough that the executives who ran Paschi for years, ...

Affluent, food-loving Singaporeans aren’t averse to spending $500 on a meal. But generally, they expect that it’ll come with a bit of ambience. Thanks to the pandemic, that has been lowered. Singapore Airlines Ltd sold out seats to eat lunch on a grounded jet at the airport. Tickets ranged from $40 for economy to $474 for a private suite. Demand ...

Like so many Brexit moments that are telegraphed as decisive, Boris Johnson’s October 15 deadline for a trade deal came and went. That the two sides are still talking points to the core fact of this negotiation: It’s in both of their interests to find agreement. That doesn’t mean a trade deal is guaranteed. As with negotiations during Theresa May’s ...

Bloomberg Europe’s top aviation regulator said he’s satisfied that changes to Boeing Co’s 737 Max have made the plane safe enough to return to the region’s skies before 2020 is out, even as a further upgrade his agency demanded won’t be ready for up to two years. After test flights conducted in September, EASA is performing final document reviews ahead ...

Bloomberg The cost of air tickets between two major Asian financial hubs jumped within 24 hours of Singapore and Hong Kong unveiling plans for a travel bubble that wouldn’t require people to quarantine upon arrival. The cheapest price for a Singapore Airlines Ltd return economy seat to Hong Kong was S$558 ($410) up until the end of December, versus around ...

Bloomberg A rare mega deal by a Chinese airline is set to revive the country’s convertible bond market, after volatile trading dried up issuance of the popular securities. China Southern Airlines Co opened subscriptions for 16 billion yuan ($2.4 billion) of its convertible bonds, the largest deal for a non-financial firm since China Petroleum & Chemical Corp sold 23 billion ...

Bloomberg Ryanair Holdings Plc slashed its schedule and cut back its presence in several countries, blaming tighter travel restrictions that have hammered demand in Europe. The shares fell after the Irish discount carrier said it will operate at about 40% of its 2019 winter capacity, down from a previous plan to run at 60%. Ryanair will reduce the number of ...