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Bloomberg Air China is to resume regular flights between Beijing and Pyongyang after a six-month hiatus, in the latest sign that the “ maximum pressure” campaign on North Korea may be easing. China’s flagship carrier will resume services on Wednesday after halting them in November, a spokesman for the company confirmed in a WeChat message. The resumption is a market-oriented …

Bloomberg Aunt Bessie’s Yorhire puddings and roast potatoes, the side dishes that are part of a traditional British roast dinner, have a new owner. Nomad Foods Ltd., the frozen-foods company backed by entrepreneurs Martin E. Franklin and Noam Gottesman, has agreed to acquire British prepared foods maker Aunt Bessie’s Ltd. from owner William Jackson & Son Ltd., according to a …

Bloomberg Two of Airbus SE’s flagship A380 superjumbos are headed for the scrapheap after a search for new operators failed to secure firm bids. Negotiations with British Airways, Iran Air and Hi Fly, a Portuguese charter specialist, ended with no deals struck, German investment fund Dr. Peters, which manages the planes, said in a statement to shareholders. The double-decker jets, …

Bloomberg France’s biggest energy company expressed skepticism about the economics of hydrogen-powered vehicles as the government unveiled subsidies to promote the gas as way of cutting fossil-fuel consumption and fighting climate change. “We find it difficult to be convinced it has a future in 10 years time,” Total SA Chief Executive Officer Patrick Pouyanne said in an interview with local …

Bloomberg OPEC and its allies in the global oil output cuts stressed the need to maintain their cooperation to stimulate adequate investments to ensure stable oil supply. Energy ministers from Saudi Arabia, the United Arab Emirates, Kuwait, Algeria and Oman held an unofficial consultative meeting in Kuwait City, the Kuwait News Agency reported, citing a statement from the joint ministerial …

Bloomberg Thailand has joined the global wave of anxiety over climbing energy costs. A social media furor over pump prices erupted in the past week, prompting state-run oil refiner PTT Pcl to defend itself in a Facebook post by Chief Executive Officer Tevin Vongvanich. The country’s military government rolled out fuel subsides for diesel and cooking gas. The developments signal …

Bloomberg The Trump administration is slated to unveil biofuel policy changes, including efforts to tamp down costs for refiners while broadening the market for ethanol, according to people familiar with the action. The announcement follows weeks of negotiations by the Agriculture Department, Environmental Protection Agency and Energy Department to flesh out a tentative deal struck at the White House last …

Bloomberg US and European stocks advanced on Monday, tracking peers in Asia as optimism over the world’s largest economy helped investors put protectionist fears to one side. Treasuries were steady, the dollar fell, and the pound and euro rose. The Standard & Poor’s 500 and Nasdaq Composite Indexes opened higher after Microsoft Corp. agreed to buy coding site GitHub for …

Bloomberg India’s two-year-old bankruptcy law, which gives creditors more power to restructure troubled companies, is luring more and more offshore investors from as far as Canada to buy the nation’s bad debt. Caisse de dépôt et placement du Québec, a Canadian pension fund manager, has made $600 million available to Edelweiss Group for investment in local distressed assets, according to …

Bloomberg China’s banks, scrambling to adjust to the government’s deleveraging campaign, are likely to add to pressures on the corporate bond market as they shed more of their massive note holdings and de-risk their balance sheets. Further payment problems are likely in a market that has already seen at least 14 corporate bond defaults this year, according to Logan Wright, …