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Bloomberg Indonesia’s Bali airport resumed services after a halt caused by a fresh eruption at the Mount Agung that sent volcanic ashes several miles high into the sky above the popular tourist island. The airport opened at 2.30 pm local time on June 29, according to its twitter feed. The shutdown, the second in seven months, led to cancellation of …

Bloomberg China Southern Airlines Co. will invest 10 billion yuan ($1.5 billion) in Xiongan, the new city spearheaded by Chinese president Xi Jinping that aspires to be a model for China’s future urban development. The airline operator will allocate 2.5 billion yuan in cash and 7.5 billion yuan in tangible assets to set up a subsidiary called China Southern Airline …

Bloomberg Buckle up. The Friday before July 4 may approach a record for the busiest day ever for US airports, the head of Transportation Security Administration (TSA) said. Traffic for the day could top 2.6 million passengers, making it “potentially one of the busiest in TSA history,” TSA administrator David Pekoske said. TSA says nine of the top 15 days …

Bloomberg London Heathrow’s controversial third runway fits within Britain’s plan for reining in fossil-fuel emissions, according to the government’s Committee on Climate Change. “Another runway at Heathrow could be accommodated within those parameters,” said John Gummer, chairman of the committee. Modern technology “ought to give elbow room for about a 60 percent growth in demand,” he said at a briefing …

Bloomberg Apple Inc. will soon land a second supplier for the organic light-emitting diode screens used in high-end iPhones, according to people familiar with the matter, a key step in the US company’s push to reduce iPhone costs and its dependence on Samsung Electronics Co. South Korea’s LG Display Co. will initially supply between 2 million and 4 million units, …

Bloomberg Tsinghua Unigroup Ltd., the state-linked Chinese technology giant, is in advanced talks to acquire French smart-card components maker Linxens, people familiar with the matter said. The Beijing-based company could announce an agreement with Linxens’s owner, private equity firm CVC Capital Partners, as soon as the next couple weeks, according to the people. Tsinghua Unigroup has been discussing a potential …

Bloomberg South Korea’s dominant message-app operator is considering a private placement next month to raise funds from partners interested in helping to build its crypto platform. Ground X Corp., a blockchain subsidiary of Kakao Corp., may initially seek capital and business alliances with consumer-service companies, Jason Han, the unit’s chief executive officer, said in an interview. Ground X is targeting …

Bloomberg A self-driving shuttle bus ferrying workers in Detroit from a parking garage to their office has become the first autonomous vehicle to ply the roads of America’s automotive capital. May Mobility, an Ann Arbor, Michigan-based startup backed by Toyota and BMW, is deploying a small fleet of six-seat, electric-powered shuttles in downtown Detroit to transport the employees of Bedrock, …

Bloomberg Artificial intelligence is coming for the service economy, according to Allstate Corp. CEO Tom Wilson. “It’s going to rip through this economy like a tsunami,” Wilson said in an interview on Bloomberg TV from Aspen, Colorado. Automation will affect a wide swath of workers, from traders to taxi drivers. McKinsey & Co. estimates that more than 400 million people …

Bloomberg Federal Reserve stress tests forced some of Wall Street’s top banks to rein in ambitious plans for pumping out cash to shareholders. But even those diminished returns spell a record payout to investors. As the central bank’s annual stress tests ended, the nation’s four largest lenders — JPMorgan Chase & Co., Bank of America Corp., Wells Fargo & Co. …