Norwegian Air Shuttle has appointed a senior adviser at management consultant McKinsey as its new chief executive, as the embattled low-cost airline attempts to secure its future amid investor worries over its finances.

European stocks fell to their lowest levels in more than two weeks on Wednesday as fresh concerns over relations between the US and China emerged.

Emirates, the Middle East’s largest carrier, ordered 30 Boeing 787-9 aircraft worth $8.8bn at list prices while paring back its deal for the delayed B777x from 150 to 126.

HSBC is planning to replace the long-serving head of its investment bank ahead of a big restructuring that will result in large-scale job losses at the unit he has led for almost a decade. 

Kingfisher’s new chief executive has hinted at changes to the strategy he inherited after another quarter of weak trading at the home improvements group.

Mitchells & Butlers, the pub chain behind the All Bar One and Harvester brands, has grown its estate and revenues despite the ongoing contraction of the casual dining market.

Aviva will shake up its corporate structure and sell off its Hong Kong business as chief executive Maurice Tulloch seeks to revive investor interest in the insurance group.

Atlantia, the Rome-based infrastructure and toll road company, has pulled out from being part of a consortium to invest in Alitalia, Italy’s ailing national carrier which has been administered by the state for the last two years.

Infarm, the Berlin-based vertical farming start-up, is entering the US market by partnering with Kroger, a leading grocery retailer.

TJX Cos said on Tuesday it had acquired a 25 per cent stake in Russian low-cost clothing retailer Familia for $225m, the first major M&A purchase in Russia by a western company since the US and EU sanctioned Moscow in 2014.

Rio Tinto has hit back at claims that the agreements underpinning its huge $5.3bn underground copper project in the Gobi Desert are illegal.

Korean banks have become the latest Asian investors to finance the Africa Finance Corporation with the closing of $140m so-called “kimchi” facility by the Lagos-based energy and infrastructure fund.

Tata Steel is planning to cut 3,000 jobs across its European operations as the company wrestles with “unprecedented” market conditions.

Boris Johnson’s government plans to wave through the acquisition of Cobham, the UK aerospace and defence supplier, by US buyout group Advent International on condition that the new owner strengthens security around sensitive sites and informs the Ministry of Defence of any plans to sell the business.

The US Department of Justice is set to strike down rules that have curbed the power of film studios for the past 70 years by limiting their ability to own cinemas and impose minimum ticket prices.

The Trump administration has granted an extension for US companies to do business with blacklisted Chinese telecoms group Huawei as regulators continue to hammer out rules on companies that pose national security risks and negotiators strive for progress in trade talks.

It has been called South Africa’s worst job next to President Cyril Ramaphosa’s, but Eskom, the country’s blackout-prone and near-bankrupt state power monopoly, has finally secured a new chief executive.

Emirates has ordered 50 Airbus A350 jets worth $16bn at list prices, which would help the Dubai government airline serve more markets as it seeks to improve the flexibility of its fleet.

Norilsk Nickel has proposed cutting dividends as it sinks cash into new projects to boost production and tap into the electric vehicles boom.

Gazprom Neft, Russia’s third-largest crude producer, said net profit dropped by a fifth from a year earlier, driven by lower oil prices and following increases during the previous two quarters.

Barrick Gold has kicked off its asset disposal programme with the sale of a stake in one of Australia’s biggest gold mines.

Yandex, Russia’s largest technology company, has agreed with the Kremlin to restructure its goverance by transferring a “golden share” to a foundation with expanded veto power.

The leaders of the UK’s major political parties, Boris Johnson and Jeremy Corbyn, will face off in their first televised debate. It’s also another big week in the retail sector, as some of the industry’s biggest players in the US report earnings.

US stocks booked fresh record highs as upbeat comments from the White House on trade talks buoyed investor optimism.