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Bloomberg US safety regulators are investigating an engine failure on a Delta Air Lines Inc. jet that forced pilots to shut down the turbine and return to Atlanta shortly after takeoff. The accident occurred last week on a Boeing Co. 757-200 bound for Orlando, Florida, the National Transportation Safety Board said. Delta Flight 1418, which had 121 passengers and six …

Bloomberg Peace talks between Yemen’s exiled government and Shiite rebels planned for this week in Geneva haven’t taken place after the Houthis delegation didn’t arrive in the Swiss city. The United Nations’ special envoy to Yemen, Martin Griffiths, plans to head to the war-torn country within days, where he will hold talks with the Houthi rebels. “The environment for discussions …

Bloomberg The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction, a record high for North America’s biggest oil field. The state’s previous record was $40,001 an acre set in December, according to a statement by the US Department of the Interior. Overall, the …

Bloomberg Orsted A/S unveiled the world’s largest offshore wind farm, an 87-turbine complex in the Irish Sea covering an area more than double the size of Manhattan. The Walney Extension off the coast of northwest England has a generating capacity of 659 megawatts and is capable of powering 590,000 homes, according to Danish company Orsted, the world’s biggest developer of …

Bloomberg Mexico’s next president said he will continue with tenders for drilling service contracts starting when he takes office. “We are preparing the rescue plan for the oil industry that will consist of producing more crude oil soon, and we will need these companies that have experience, most of them national companies,” President-elect Andres Manuel Lopez Obrador said. “We are …

Bloomberg The vibrations of the shale boom are now shaking the futures market. A visible decline in open interest of West Texas Intermediate crude futures contracts for delivery five or more years in the future is due to the growth of tight oil fields and the shift in producers’ need to hedge oil so far out in the future, according …

Bloomberg Canon Inc. is finally entering the full-frame mirrorless camera market, joining Sony Corp. and Nikon Corp. in a new battleground for professional-grade camera equipment. The Japanese electronics giant will begin selling in late October the EOS R for 237,500 yen ($2,130), a price tag targeted at professionals and enthusiasts. It aims to move 20,000 units a month. Canon is …

Bloomberg In a modern-day version of John Henry taking on a steam drill, Lockheed Martin Corp. is pitting human pilots against artificial intelligence in a $2 million drone race. The catch is that the computer-driven drones can’t be pre-programmed for the route or rely on human intervention. They must depend only on artificial intelligence and self-learning to navigate obstacle-filled racecourses …

Bloomberg Facebook Inc. is launching Watch, its video rival to YouTube, internationally and expanding the financial incentives that encourage people to share their content there. Video makers in five countries will be eligible to take a percentage of the ad revenue that comes from their content around the world as long as their videos on Watch are popular enough and …

Bloomberg Japan is making a push to develop flying cars, enlisting companies including Uber Technologies Inc. and Boeing Co. in a government-led group to bring airborne vehicles to the country in the next decade. The group will initially comprise 21 businesses and organizations, including Airbus SE, NEC Corp., a Toyota Motor Corp.-backed startup called Cartivator, ANA Holdings Inc., Japan Airlines …