d

Vedanta presses on with plan to double oil production

Group’s founder Anil Agarwal undeterred by price crash and debt levels




d

Aluminium industry faces huge supply glut

Thousands of jobs at risk as coronavirus pandemic leads to a fall-off in demand




d

Vedanta chief executive resigns 

Departure comes just weeks after Moody’s cut miner’s rating to junk




d

Uranium bucks weak commodity trend

Radioactive material at risk of supply shocks given small number of dominant mines




d

Uranium enters bull market after Covid-19 hits supply

Prices rebound from March lows after miner Kazatomprom slashes production




d

Tianqi looks to sell stake in world’s largest lithium mine 

Chinese producer moves to offload some of its majority holding in Australia’s Greenbushes project




d

Barrick Gold buys 800,000 antibody test kits

Chief executive Mark Bristow says miner has taken lessons on tackling coronavirus from experience of Ebola outbreak




d

Rio Tinto expects rising commodity demand from China

Anglo-Australian mining group benefits from resilient iron ore price




d

BHP and Rio see solid rebound in China’s steel sector

Country’s production this year expected to top 2019 if coronavirus kept at bay




d

Tata Steel calls on UK to lift £50m cap on coronavirus aid

Steelmaker says more funding needed given scale and length of lockdown disruption




d

Tata Steel may face obstacles in securing Covid loan

Chunk of assets already pledged as collateral could complicate efforts to secure fresh debt




d

Lufthansa considers filing for creditor protection as aid talks stall

German airline looks at procedure similar to Chapter 11 bankruptcy amid dispute over bailout conditions




d

Airbus signals further production cut with job losses set to follow

Plane maker’s chief warns aerospace industry in ‘gravest crisis’ as group swings to quarterly loss amid aviation collapse




d

BA to cut up to 12,000 jobs as aviation outlook darkens

Parent company IAG warns it will take ‘several years’ to return to 2019 passenger levels




d

BA job cuts signal depth of crisis for airline sector

Post-Brexit Britain will need a viable industry to support global role




d

Heathrow’s third runway plan faces further delay of at least two years

UK airport reports slump in passenger demand as calls resurface for expansion to be axed




d

Alex Cruz, BA boss suffering from altitude sickness

The four years since his promotion to CEO have been beset by crises




d

United Airlines prepares to cut workforce to reduce cash burn

Incoming CEO tells investors and carrier’s 96,000 staff that he will not duck hard decisions




d

‘Too hard to tell’ if US travel ban will be lifted this year, says Mnuchin

Treasury secretary’s comments compound woes for airline sector hit by Buffett’s share sale




d

Frequent flyer: goodbye gold card, so long silver

Grounded travellers are facing downgrades but some airlines are rewarding loyalty




d

Virgin Atlantic to cut third of staff to survive Covid-19 crisis

Airline to axe up to 3,150 jobs and close London Gatwick operations as it scales back to save business




d

London Gatwick under a cloud as carriers threaten to quit airport

Virgin Atlantic could be followed by British Airways in abandoning UK’s second-biggest gateway




d

Heathrow’s third runway project now ‘impossible’, says IAG chief

Willie Walsh points out that expansion plans face bigger challenges due to coronavirus impact




d

Space or bust: Richard Branson’s Virgin dilemma

How Virgin Galactic might help the rest of the group escape the gravitational pull of coronavirus




d

Clean energy groups dodge coronavirus crisis

Priority status as grid suppliers helps Orsted and Iberdrola weather drop in demand




d

Norway to cut oil production by 13%

Move in response to drop in prices and demand and honours unofficial pact with Opec




d

Coronavirus leads to ‘staggering’ drop in global energy demand

Fall could be the equivalent of India’s total annual consumption, IEA says




d

Shell cuts dividend for first time since second world war

Oil price collapse triggered by coronavirus pandemic almost halves Anglo-Dutch group’s earnings




d

Royal Dutch Shell: payout cut ends value era

Oil group’s share price has lost its moorings




d

ConocoPhillips takes axe to production after $1.7bn loss

US oil producer pledges to reduce output by more than a third in June




d

Shell dividend cut puts Big Oil investment case in focus

Supermajors’ status as reliable income stocks questioned as earnings plunge




d

Oil traders turn to salt caves and train cars in storage crisis

Crash into negative prices jolts producers into cutting back




d

Chevron to slash spending further despite robust first quarter

Earnings of $3.6bn exceeded expectations ahead of collapse in global oil demand




d

ExxonMobil suffers $610m loss after hit from oil and gas prices

Biggest US oil company takes $2.9bn charge to account for crude’s plunge




d

Hedge fund rules make financial system fragile

Charging 2 per cent to hold assets when returns are low is wrong, writes Sebastian Mallaby




d

Shortsighted complaints on short-termism

Shareholders’ incentives can make them more long-termist than company managers




d

Whether they raise or hold, central bankers are due a fall

In future it may have to be budget stimulus that rides to the rescue




d

Hidden costs of Anbang’s spending spree

China looks set to pour billions in national savings down a black hole




d

Market froth and low inflation alarm some

It is always easy for central banks to find reasons not to act




d

UK Budget can slay the pessimism that fed populism

If stimulus is well targeted, Boris Johnson’s government may achieve something of elegance




d

Nigerian border closures cut smuggling but drive up prices

Benin crossing has been shut for three months, halting trade on vital frontier




d

Vested interests are dragging South Africa down

Cyril Ramaphosa will be loath to take on the people who helped him to the ANC presidency




d

Endeavour bids £1.5bn for Centamin in gold dealmaking wave

Canadian group makes all-stock proposal public after talks fail to get off ground




d

African entrepreneurs pitch to Alibaba founder Jack Ma

Business contestants battle for $1m prize money in glitzy televised extravaganza




d

South Africa’s miners shut down by power cuts

State utility Eskom removed power to stave off grid collapse




d

Visa in partnership with MFS Africa digital payments hub

Tie-up aims to allow people with mobile wallets to pay for international online services




d

Vodafone targets Africa’s unbanked with plans for M-Pesa

Telecoms group seeks to turn mobile payments unit into provider of wider services




d

Global firms under scrutiny in Isabel dos Santos alleged corruption leak

McKinsey, BCG and PwC named in records showing allegations of looting by Angolan billionaire




d

South African Airways suspends some flights to save cash

State-backed carrier starts cancelling flights as vital government funding is delayed




d

Portuguese banker named in dos Santos probe found dead

Suspected suicide comes as Angolan billionaire indicted for money laundering