Bloomberg Business

TUI AG has picked banks to arrange a rights offering to help repay part of a German government bailout package, people familiar with the matter said.

(Bloomberg) — Tensions between President Joe Biden and the oil industry are intensifying, stoked by Chevron Corp.’s decision to repurchase $75 billion of shares and boost dividend payouts instead of plowing that money into new drilling. 

US shale companies are set to post yet another strong set of earnings, off the back of robust oil and gas prices in the fourth quarter. But the biggest question for analysts and investors remains whether the industry’s bumper cash flow will tempt them to drill more.

Chipotle Mexican Grill Inc. is adding 15,000 jobs across its North American locations — a sign that demand for restaurant food is robust despite high inflation and economic uncertainty.

The parents and brother of alleged crypto fraudster Sam Bankman-Fried should be forced to answer questions and provide financial documents about their personal wealth and any money they may have gotten from FTX, the bankrupt firm he founded, lawyers said in a court filing.

Turkey’s largest ever grouping of opposition leaders is striving to iron out differences and name a candidate to take on President Recep Tayyip Erdogan, who is looking to extend his two decades in charge in May elections.

Sales of new US homes rose for a third month in December, wrapping up an otherwise disappointing year in which soaring borrowing costs stifled demand and weighed on the economy.