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The decision comes amid industry concerns about a mismatch between supply and demand for the low-emissions fuel.

The $1.38 billion deal represents a nearly $700 million loss for Versace’s parent company, which bought the designer in 2018.

The European aircraft manufacturer said new A320s required additional checks, compounding challenges for the firm.

Government spending has fueled a construction spree in recent years, as Saudi vies to shift its economy away from a dependency on fossil fuels.

The government says returns on investing in its economy outweigh borrowing costs, even as it trims spending.

Macron’s trip is part of a European push to reduce tensions with the world’s second-biggest economy.

Paul Atkins, noting in his Tuesday speech that public-market listings have fallen 40% since the mid-1990s, vowed to reduce paperwork for companies.