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  BERLIN / Reuters Emirates, the world’s largest long-haul carrier, said on Thursday it was concerned President Donald Trump’s latest travel order will still deter Muslim visitors to America, after booking rates on U.S. flights fell 35 percent following January’s ban. Trump signed a new executive order on Monday, which takes effect on March 16, keeping a 90-day ban on ...

  Bloomberg Inmarsat Plc, the UK satellite operator, rose the most in four months after finalizing a contract with British Airways (BA) owner IAG SA to provide in-flight internet access on over 300 planes. The order strengthens Inmarsat’s joint push with Deutsche Telekom AG to provide web access on aircraft using satellites and the German phone company’s towers. The service ...

  Bloomberg Air France-KLM Group, British Airways and a handful of other carriers may face multimillion-euro antitrust fines from European Union regulators within weeks after attempts to broker a settlement failed, according to people familiar with the case. EU Competition Commissioner Margrethe Vestager is seeking to re-impose penalties of almost 800 million euros ($844 million) for a cargo cartel that ...

  Bloomberg Starbucks Corp., facing heavy competition, mobile-ordering hiccups and even boycott threats, has been losing U.S. customers to rivals this winter. In February, the company ceded market share to other chains, according to data from xAd Inc., a research firm that uses location signals from mobile phones to measure customer traffic. Starbucks’ share declined to 11 percent among the ...

  Bloomberg Royal Dutch Shell Plc will sell almost all of its production assets in Canada’s oil sands in a $7.25 billion deal that cuts debt and reduces involvement in one of the most environmentally damaging forms of fossil-fuel extraction. All of the company’s oil-sands interests apart from a 10 percent stake in the Athabasca mining project will be sold ...

  BEIRUT / Reuters Egypt needs to implement economic reforms aimed at encouraging more private investment and moving away from subsidies towards targeted transfers for the poor, a senior World Bank official said. Hafez Ghanem, the World Bank’s vice president for the Middle East and North Africa, told Reuters in an interview that Cairo’s next set of economic reforms should ...

  BISMARCK / AP The two biggest railroads shipping oil from North Dakota don’t seem particularly concerned that the Dakota Access pipeline may be about to come online, as oil makes up only a small percentage of their business in the state. The pipeline could begin operating as soon as next week, despite an unresolved legal dispute involving two Native ...

  Bloomberg Oil dropped below $50 for the first time since December after concerns that OPEC’s output cuts aren’t tempering a surplus in the US triggered the biggest slump in more than a year. Futures dropped as much as 2.2 percent in New York to $49.20 after losing 5.7 percent the previous three sessions. Stockpiles rose 8.2 million to the ...

Reuters China has granted preliminary approval for 38 trademarks linked to Donald Trump, documents on China’s state trademark office show, giving the US President and his family protection were they to develop the “Trump” brand in the market. The trademarks — which in theory cover a wide sweep of businesses from hotels to mobile libraries and escorts — underline the ...

  Bloomberg China’s broadest measure of new credit moderated in February as shadow banking activities slumped, signaling policy makers are making good on pledges to cut leverage and deflate asset bubbles. Aggregate financing was 1.15 trillion yuan ($166 billion), compared with a median estimate of 1.45 trillion yuan in a Bloomberg survey. New yuan loans stood at 1.17 trillion yuan ...