The attack on Saudi Arabia’s oil and gas facilities in Abqaiq, which has suspended half of the kingdom’s processing — corresponding to 6% of world supply — is a blow to one of the main arteries of the global economy. The Trump administration should use the United Nations General Assembly this week in New York to marshal a global response. ...

India’s government will shortly find itself at a fork in the road. Will it choose globalisation and export-oriented growth? Or will the isolationists in the ruling Bharatiya Janata Party (BJP) win, and keep India out of a giant Indo-Pacific trading bloc? This weekend, New Delhi hosted negotiators for the Regional Comprehensive Economic Partnership (RCEP) – from the 10 members of ...

It is not easy being in Christine Lagarde’s shoes. The incoming president of the European Central Bank (ECB) has not yet presided over her first Governing Council meeting, but she will have to face down a revolt over the central bank’s decision to restart quantitative easing before she even starts. Lagarde may want to thank Mario Draghi for pushing through ...

For years, thriving cities in coastal regions of the US have become increasingly expensive to live in. As cities such as San Francisco, New York City, Los Angeles and Seattle became more attractive, thanks to booming knowledge industries and falling crime, rents soared: And for almost as long, people have been hotly debating what to do about the problem. Many ...

Bloomberg Bonds rallied globally while stocks struggled for traction as investors marked time until the Federal Reserve was expected to conclude its policy meeting on Wednesday, with officials expected to cut interest rates again and possibly move further to calm overnight-loan markets. The dollar rose. Government bonds climbed from London to Tokyo before the expected easing in the world’s biggest ...

Bloomberg Even after a plunge in Hong Kong property shares following months of protests in the city, Eastspring Investments says some of the biggest stocks in the sector remain unappealing because of their valuations. John Tsai, a portfolio manager in Singapore, trimmed his holdings of Henderson Land Development Co and Sun Hung Kai Properties Ltd in July, and remains underweight ...

Bloomberg US aviation regulators are calling for a meeting with their counterparts from about 50 other countries to discuss progress on returning Boeing Co’s grounded 737 Max to service as some nations have begun saying they will perform independent assessments of the plane. The Federal Aviation Administration sent a letter to regulators around the world asking them to an “informal ...

Bloomberg Virgin Atlantic Airways Ltd will add 84 destinations including Beijing, Buenos Aires and Sydney if the expansion of London’s Heathrow airport is accompanied by a shakeup in the way operating slots are allocated. The airline would like to serve 35 new long-haul destinations from Europe’s busiest hub, on top of the 19 it offers, plus 37 cities in continental ...

Bloomberg Ocado Group Plc‘s retail business keeps steaming ahead as the UK online grocer counts down a year to the launch of its partnership with Marks & Spencer Group Plc. Retail revenue grew 11 percent for the 13 weeks through September 1, even though the average order size was down slightly. The company kept its projection for 10 percent to ...

Bloomberg Holiday retail sales will increase by 4.5 percent to 5 percent to more than $1.1 trillion this year as a strong US job market offsets concerns about an economic slowdown and the trade war with China, according to Deloitte. “Near record-low unemployment rates, coupled with continued monthly job creation, may encourage people to spend more during the holiday season,” ...