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  Bloomberg The Oneworld alliance, which includes British Airways and American Airlines, is reviewing the case for seeking members from the ranks of discount carriers while exploring measures to fill gaps in emerging markets. Rob Gurney, who took over as Oneworld’s chief executive officer in October, said he’s considering the group’s approach to low-cost operators that account for an ever-increasing ...

  ANKARA / Reuters Turkey’s central bank will stick with unorthodox measures to keep borrowing costs at five-year highs at least until inflation peaks this year, according to people familiar with its thinking, despite sharp criticism from investors. The bank has long puzzled markets with a complex system of setting policy through multiple interest rates but it ratcheted up the ...

  Bloomberg The man running Svenska Handelsbanken AB, one of Sweden’s biggest banks, sees no reason to let Brexit upend his expansion plans in the UK. Anders Bouvin, chief executive officer of the Swedish bank known for its commitment to branches in a digital age, says his strategy is proving especially effective in attracting small UK businesses looking for funding. ...

  Bloomberg Credit Suisse Group AG, which has earmarked its Swiss unit for a partial listing, could instead raise capital after its share price rebounded from a record low, according to UBS Group AG. Credit Suisse’s shares have risen more than 50 percent since their low of 9.755 francs last July, “making a capital increase a viable alternative to a ...

  Bloomberg If Mario Draghi, President of the European Central Bank, is willing to send a signal that the European Central Bank’s stimulus drive won’t last much longer, his colleague Yves Mersch has a suggestion. The time is ripe for the ECB to review its insistence that it could cut interest rates further, according to Mersch, who sits with President ...

  Cologne / DPA Every time one meets Gerhard Richter, something doesn’t seem to add up. Is this “Europe’s greatest painter,” as the New York Times has called him? Or the “Picasso of the 21st Century,” as the Guardian says? The most expensive artist, the most influential painter? A superstar? He just doesn’t appear to match such superlatives. Nondescript is ...

  WELLS, Maine / AP The Ridgway’s rail is a rare bird that relies on the salt marshes south of Los Angeles to survive. And that’s why its future is in doubt — the salt marsh is disappearing under rising seas. Scientists working with the federal government said the rail’s plight at Seal Beach National Wildlife Refuge is indicative of what’s ...

  Bloomberg Green technologies from rooftop solar to projects that turn waste into electricity are getting a boost from venture capital funds, which raised their investments in clean energy at the fastest pace in nine years in 2016. VC funds funneled $834 million into the clean-energy industry last year, the third consecutive annual increase and the most since Bloomberg New ...

  Reuters An OPEC-led production cut may well be accelerating a drawdown in global oil stocks that began last year, but implementing the reduction for just six months means the producer group will fall short of achieving its objective of rebalancing the market. The Organization of the Petroleum Exporting Countries and non-OPEC producers in December reached their first deal since ...

  Bloomberg When oil topped $100 a barrel three years ago, the tiny village of Norman Wells in Canada’s high arctic was gearing up to be the “Dubai of the Mackenzie River,” with oil revenue bringing prosperity to all. Now, with oil at half that price and one of Canada’s oldest wells set to close, the future is less certain ...