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  Bloomberg Boeing Co. and JetBlue Airways Corp. are investing in a startup developing an electric-powered aircraft with the potential to transform short-haul flights. Zunum Aero is designing and building 10- to 50-seat planes for trips of 700 miles initially and as much as 1,000 miles by 2030. The aircraft would fill a “vast regional transport gap” and reduce travel ...

  Bloomberg Deutsche Lufthansa is banking on Airbus Group SE’s latest A350 wide-body jet to shore up its Munich hub, where the deployment of less efficient planes means normally lucrative long-haul flights are losing money. The first 15 of 25 A350s ordered by Lufthansa are to be based in the Bavarian city, with the composite-fuselage, twin-engine model providing a 25 ...

  CHIBA / Reuters Japanese buyers of liquefied natural gas have shown cautious interest in Tellurian Inc’s bold guarantee of US LNG delivered at a fixed price from 2023, wary of locking themselves into a price that may eventually work to their disadvantage. Tellurian Chairman Charif Souki – who pioneered the first US LNG exports ex-Alaska as head of Cheniere ...

  Bloomberg Oil rose in New York as investors weighed a surprise increase in US stockpiles against OPEC-led efforts to reduce the global oversupply. Futures added 0.5 percent, extending the 6.8 percent gain of the previous seven sessions. US output rose for a seventh week and inventories expanded to a fresh record, government data showed Wednesday. The increase in US ...

  Bloomberg Middle East international bond sales are off to the strongest ever start to a year as borrower demand for funds outstrips the firepower of local banks in an era of depressed oil prices. Hard-currency bond issuance from the six-nation Gulf Cooperation Council, which accounts for the bulk of the region’s capital markets and includes Saudi Arabia, its largest ...

  Bloomberg China’s evolving means of selling government debt is masking the true extent of the government’s planned borrowing levels. The official budget deficit target is 3 percent of economic output, but that doesn’t include all government debt. One category falling outside of the forecast is off-book bonds — or special bonds as they’re known in China — whose sales ...

  Bloomberg Australian millennials have the second-lowest level of home ownership for their peer group, an HSBC Holdings Plc survey found, just ahead of an oil-rich absolute monarchy. Only 28 percent of Australians aged between 19 and 36 own a home, the survey of more than 9,000 people in nine countries showed. That was well below France on 41 percent ...

  Bloomberg There are signs Britain is getting tougher on financiers just as it needs to attract them. Tax officials are pursuing probes into the residency status of HSBC Holdings Plc Chief Executive Officer Stuart Gulliver and Chi-X Global Inc. Chairman-Emeritus Anthony Mackay, as the government clamps down on people — oftentimes bankers — who work in the UK but ...

  Bloomberg German factory orders rebounded from their steepest decline in eight years in a sign the recovery in Europe’s largest economy remains intact. Orders, adjusted for seasonal swings and inflation, rose 3.4 percent in February, after slumping a revised 6.8 percent in January, data from the Economy Ministry in Berlin showed on Thursday. The typically volatile reading compares with ...

  Bloomberg WPP Plc fell the most in a month after one of the advertising company’s biggest clients, consumer-product giant Unilever, said it would cut back on its marketing spending, fueling concerns about a broader ad-industry slowdown. Unilever, which sells Dove soap and Hellmann’s mayonnaise, will produce 30 percent fewer ads as part of a cost-cutting drive, Chief Financial Officer ...